View Item 

Show simple item record

Dynamic Pricing and Inventory Management with Dual Suppliers of Different Lead Times and Disruption Risks

dc.contributor.authorGong, Xitingen_US
dc.contributor.authorChao, Xiulien_US
dc.contributor.authorZheng, Shaohuien_US
dc.date.accessioned2015-01-07T15:24:14Z
dc.date.availableWITHHELD_12_MONTHSen_US
dc.date.available2015-01-07T15:24:14Z
dc.date.issued2014-12en_US
dc.identifier.citationGong, Xiting; Chao, Xiuli; Zheng, Shaohui (2014). "Dynamic Pricing and Inventory Management with Dual Suppliers of Different Lead Times and Disruption Risks." Production and Operations Management 23(12): 2058-2074.en_US
dc.identifier.issn1059-1478en_US
dc.identifier.issn1937-5956en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/109985
dc.publisherOxford University Pressen_US
dc.publisherWiley Periodicals, Inc.en_US
dc.subject.otherList‐Price With Markdown Policyen_US
dc.subject.otherInventory Controlen_US
dc.subject.otherSource Diversificationen_US
dc.subject.otherOptimal Pricingen_US
dc.subject.otherSupplier Disruptionen_US
dc.titleDynamic Pricing and Inventory Management with Dual Suppliers of Different Lead Times and Disruption Risksen_US
dc.typeArticleen_US
dc.rights.robotsIndexNoFollowen_US
dc.subject.hlbsecondlevelIndustrial and Operations Engineeringen_US
dc.subject.hlbtoplevelEngineeringen_US
dc.description.peerreviewedPeer Revieweden_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/109985/1/poms12221-sup-0001-OnlineSupplement.pdf
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/109985/2/poms12221.pdf
dc.identifier.doi10.1111/poms.12221en_US
dc.identifier.sourceProduction and Operations Managementen_US
dc.identifier.citedreferencePang, Z., F. Y. Chen, Y. Feng. 2012. A note on the structure of joint inventory‐pricing control with leadtimes. Oper. Res. 60 ( 3 ): 581 – 587.en_US
dc.identifier.citedreferenceFeng, Q., R. Shi. 2012. Sourcing from multiple suppliers for price‐dependent demands. Prod. Oper. Manag. 21 ( 3 ): 547 – 563.en_US
dc.identifier.citedreferenceFeng, Q., S. P. Sethi, H. Yan, H. Zhang. 2006. Are base‐stock policies optimal in inventory problems with multiple delivery modes? Oper. Res. 54 ( 4 ): 801 ‐ 807.en_US
dc.identifier.citedreferenceFisher, M., W. Obermeyer, J. Hammond, A. Raman. 1994. Accurate response: the key to profiting from QR. Bobbin 35 ( February ): 48 – 62.en_US
dc.identifier.citedreferenceFukuda, Y. 1964. Optimal policies for the inventory problem with negotiable leadtime. Manage. Sci. 10 ( 4 ): 690 – 708.en_US
dc.identifier.citedreferenceGumus, M., S. Ray, H. Gurnani. 2012. Supply‐side story: risks, guarantees, competition, and information asymmetry. Manag. Sci. 58 ( 9 ): 1694 – 1714.en_US
dc.identifier.citedreferenceGupta, D. and W. L. Cooper. 2005. Stochastic comparisons in production yield management. Oper. Res. 53 ( 3 ): 377 – 384.en_US
dc.identifier.citedreferenceGürler, Ü., M. Parlar. 1997. An inventory problem with two randomly available suppliers. Oper. Res. 45 ( 6 ): 904 – 918.en_US
dc.identifier.citedreferenceHeyman, D. P., M. J. Sobel. 1984. Stochastic Models in Operations Research, Vol. II. McGraw‐Hill, New York.en_US
dc.identifier.citedreferenceLi, Q., S. Zheng. 2006. Joint inventory replenishment and pricing control for systems with uncertain yield and demand. Oper. Res. 54 ( 4 ): 696 – 705.en_US
dc.identifier.citedreferenceLi, T., S. P. Sethi, J. Zhang. 2013a. How does pricing power affect a firm's sourcing decisions from unreliable suppliers? Int. J. Prod. Res. 51 ( 23–24 ): 6990 – 7005.en_US
dc.identifier.citedreferenceLi, T., S. P. Sethi, J. Zhang. 2013b. Supply diversification with responsive pricing. Prod. Oper. Manag. 22 ( 2 ): 447 – 458.en_US
dc.identifier.citedreferenceParlar, M., Y. Wang, Y. Gerchak. 1995. A periodic review inventory model with Markovian supply availability. Int. J. Prod. Econ. 42 ( 2 ): 131 – 136.en_US
dc.identifier.citedreferenceShaked, M., J. G. Shanthikumar. 1994. Stochastic Orders and Their Applications. Academic Press, San Diego, CA.en_US
dc.identifier.citedreferenceTomlin, B. 2009. Impact of supply learning when suppliers are unreliable. Manuf. Serv. Oper. Manag. 11 ( 2 ): 192 – 209.en_US
dc.identifier.citedreferenceTomlin, B., L. V. Snyder. 2007. On the value of a threat advisory system for managing supply chain disruptions. Working paper. Tuck School of Business. Dartmouth College, Hanover, NH.en_US
dc.identifier.citedreferenceTomlin, B., Y. Wang. 2005. On the value of mix flexibility and dual sourcing in unreliable newsvendor networks. Manuf. Serv. Oper. Manage. 7 ( 1 ): 37 – 57.en_US
dc.identifier.citedreferenceTopkis, D. M. 1998. Supermodularity and Complementarity. Princeton University Press, Princeton, NJ.en_US
dc.identifier.citedreferenceVeeraraghavan, S., A. Scheller‐Wolf. 2008. Now or later: a simple policy for effective dual sourcing in capacitated systems. Oper. Res. 56 ( 4 ): 850 – 864.en_US
dc.identifier.citedreferenceWhittemore, A. S., S. C. Saunders. 1977. Optimal inventory under stochastic demand with two supply options. SIAM J. Appl. Math. 32 ( 2 ): 293 – 305.en_US
dc.identifier.citedreferenceYang, Z., G. Aydin, V. Babich, D. R. Beil. 2009. Supply disruptions, asymmetric information, and a backup production option. Manage. Sci. 55 ( 2 ): 192 – 209.en_US
dc.identifier.citedreferenceZhao, W., Y. Wang. 2002. Coordination of joint pricing‐production decisions in a supply chain. IIE Trans. 34 ( 8 ): 701 – 715.en_US
dc.identifier.citedreferenceAnupindi, R., R. Akella. 1993. Diversification under supply uncertainty. Manage. Sci. 39 ( 8 ): 944 – 963.en_US
dc.identifier.citedreferenceChao, X., H. Chen, S. Zheng. 2008. Joint replenishment and pricing decisions in inventory systems with stochastically dependent supply capacity. Eur. J. Oper. Res. 191 ( 1 ): 142 – 155.en_US
dc.identifier.citedreferenceChen, X., D. Simchi‐Levi. 2004. Coordinating inventory control and pricing strategies with random demand and fixed ordering cost: The finite horizon case. Oper. Res. 52 ( 6 ): 887 – 896.en_US
dc.identifier.citedreferenceChen, X., D. Simchi‐Levi. 2012. Pricing and inventory management. R. Philips, O. Ozer, eds. The Oxford Handbook of Pricing Management. Oxford University Press, Oxford, pp. 785 – 822.en_US
dc.identifier.citedreferenceChen, J., D. D. Yao, S. Zheng. 2001. Optimal replenishment and rework with multiple unreliable supply sources. Oper. Res. 49 ( 3 ): 430 – 443.en_US
dc.identifier.citedreferenceChen, W., Q. Feng, S. Seshadri. 2013. Sourcing from suppliers with random yield for price‐dependent demand. Ann. Oper. Res. 208 ( 1 ): 557 – 579.en_US
dc.identifier.citedreferenceChopra, S., G. Reinhardt, U. Mohan. 2007. The importance of decoupling recurrent and disruption risks in a supply chain. Nav. Res. Log. 54 ( 5 ): 544 – 555.en_US
dc.identifier.citedreferenceDada, M., N. C. Petruzzi, L. B. Schwarz. 2007. A newsvendor's procurement problem when suppliers are unreliable. Manuf. Serv. Oper. Manag. 9 ( 1 ): 9 – 32.en_US
dc.identifier.citedreferenceDaniel, K. H. 1963. A delivery‐lag inventory model with emergency. Chapter 2. H. E. Scarf, D. M. Gilford, M. W. Shelly, eds. Multistage Inventory Models and Techniques. Stanford University Press, Stanford, California, pp. 32 – 46.en_US
dc.identifier.citedreferenceFedergruen, A., A. Heching. 1999. Combined pricing and inventory control under uncertainty. Oper. Res. 47 ( 3 ): 454 – 475.en_US
dc.identifier.citedreferenceFedergruen, A., N. Yang. 2011. Procurement strategies with unreliable suppliers. Oper. Res. 59 ( 4 ): 1033 – 1039.en_US
dc.identifier.citedreferenceFeng, Q. 2010. Integrating dynamic pricing and replenishment decisions under supply capacity uncertainty. Manage. Sci. 56 ( 12 ): 2154 – 2172.en_US
dc.owningcollnameInterdisciplinary and Peer-Reviewed


Files in this item

Name:
poms12221-sup-0001-OnlineSuppl ...
Size:
302.9KB
Format:
PDF
View/Open
Name:
poms12221.pdf
Size:
539.1KB
Format:
PDF
View/Open

Show simple item record

Remediation of Harmful Language

The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.

Accessibility

If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.