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Pricing and Inventory Strategy of Dual-channel Supply Chain under Random Demand and Retailer's Capital Constraint

Author

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  • Hehua Fan

    (Department of Mathematics and Physics, Zhengzhou Institute of Aeronautical Industry Management, Henan, China & Coordinative Innovation Center for Aviation Economic Development, Henan Aviation Economy Research Center, Henan, China)

  • Yongwei Zhou

    (Department of Mathematics and Physics, Zhengzhou Institute of Aeronautical Industry Management, Henan, China)

Abstract

A dual-channel supply chain system composed of one manufacturer and one retailer is considered in this paper, which existed uncertainty demands in both distribution channels and capital constraint on retailer. It set up the profit model of manufacturer dominated dual-channel supply chain system, studied to the optimal pricing and inventory strategies of decentralized and centralized supply chain, obtained the optimal pricing and inventory strategy of the two kinds of supply chain system. The analysis to the optimal solution indicated that the demand uncertainty of two distribution channels, deferred-payment rate etc, are all have certain influence relation on the pricing strategies of manufacturer and retailer. Numerical experiment has showed the effectiveness of the conclusions.

Suggested Citation

  • Hehua Fan & Yongwei Zhou, 2015. "Pricing and Inventory Strategy of Dual-channel Supply Chain under Random Demand and Retailer's Capital Constraint," International Journal of Cognitive Informatics and Natural Intelligence (IJCINI), IGI Global, vol. 9(1), pages 30-46, January.
    • Handle: RePEc:igg:jcini0:v:9:y:2015:i:1:p:30-46
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