A particle swarm optimization algorithm for solving pricing and lead time quotation in a dual-channel supply chain with multiple customer classes
Inventory, storage, reservoirs (90B05) Deterministic scheduling theory in operations research (90B35) Management decision making, including multiple objectives (90B50) Nonlinear programming (90C30) Approximation methods and heuristics in mathematical programming (90C59) Consumer behavior, demand theory (91B42)
Summary: The combination of traditional retail channel with direct channel adds a new dimension of competition to manufacturers' distribution system. In this paper, we consider a make-to-order manufacturer with two channels of sale, sale through retailers and online direct sale. The customers are classified into different classes, based on their sensitivity to price and due date. The orders of traditional retail channel customers are fulfilled in the same period of ordering. However, price and due date are quoted to the online customers based on the available capacity as well as the other orders in the pipeline. We develop two different structures of the supply chain: centralized and decentralized dual-channel supply chain which are formulated as bilevel binary nonlinear models. The Particle Swarm Optimization algorithm is also developed to obtain a satisfactory near-optimal solution and compared to a genetic algorithm. Through various numerical analyses, we investigate the effects of the customers' preference of a direct channel on the model's variables.
- Particle swarm optimization for bi-level pricing problems in supply chains
- Price and lead time decisions in dual-channel supply chains
- Managing a dual-channel supply chain under price and delivery-time dependent stochastic demand
- A particle swarm optimization for solving joint pricing and lot-sizing problem with fluctuating demand and unit purchasing cost
- Pricing and lead time decisions in a dual-channel supply chain
- Coordinating traditional and internet supply chains
- Direct marketing, indirect profits: A strategic analysis of dual-channel supply-chain design
- Dual-channel supply chain equilibrium problems regarding retail services and fairness concerns
- Dual-channel supply chain: a strategy to maximize profit
- scientific article; zbMATH DE number 193411 (Why is no real title available?)
- scientific article; zbMATH DE number 3497315 (Why is no real title available?)
- Inventory competition in a dual-channel supply chain with delivery lead time consideration
- Managing a dual-channel supply chain under price and delivery-time dependent stochastic demand
- Modeling conflict and coordination in multi-channel distribution systems: a review
- Near-Optimal Dynamic Lead-Time Quotation and Scheduling Under Convex-Concave Customer Delay Costs
- Optimal decisions in a dual-channel supply chain under simultaneous demand and production cost disruptions
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- Pricing and lead time decisions for make-to-order firms with contingent orders
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- Pricing and scheduling decisions with leadtime flexibility
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- Product variety and channel structure strategy for a retailer-Stackelberg supply chain
- Quoting Customer Lead Times
- Scheduling and reliable lead-time quotation for orders with availability intervals and lead-time sensitive revenues
- Simultaneous price and due date settings for multiple customer classes
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