Optimal Order Strategy in Uncertain Demands with Free Shipping Option. (25th May 2014)
- Record Type:
- Journal Article
- Title:
- Optimal Order Strategy in Uncertain Demands with Free Shipping Option. (25th May 2014)
- Main Title:
- Optimal Order Strategy in Uncertain Demands with Free Shipping Option
- Authors:
- Meng, Qing-Chun
Zhang, Teng
Li, Ming
Rong, Xiao-Xia - Other Names:
- Li Xiang Academic Editor.
- Abstract:
- Abstract : Free shipping with conditions has become one of the most effective marketing tools; more and more companies especially e-business companies prefer to offer free shipping to buyers whenever their orders exceed the minimum quantity specified by them. But in practice, the demands of buyers are uncertain, which are affected by weather, season, and many other factors. Firstly, we model the centralization ordering problem of retailers who face stochastic demands when suppliers offer free shipping, in which limited distributional information such as known mean, support, and some deviation measures of the random data is needed only. Then, based on the linear decision rule mainly for stochastic programming, we analyze the optimal order strategies of retailers and discuss the approximate solution. Further, we present the core allocation between all retailers via dual and cooperative game theory. The existence of core shows that each retailer is pleased to cooperate with others in the centralization problem. Finally, a numerical example is implemented to discuss how uncertain data and parameters affect the optimal solution.
- Is Part Of:
- Discrete dynamics in nature and society. Volume 2014(2014)
- Journal:
- Discrete dynamics in nature and society
- Issue:
- Volume 2014(2014)
- Issue Display:
- Volume 2014, Issue 2014 (2014)
- Year:
- 2014
- Volume:
- 2014
- Issue:
- 2014
- Issue Sort Value:
- 2014-2014-2014-0000
- Page Start:
- Page End:
- Publication Date:
- 2014-05-25
- Subjects:
- System analysis -- Periodicals
Dynamics -- Periodicals
Chaotic behavior in systems -- Periodicals
Differentiable dynamical systems -- Periodicals
003.05 - Journal URLs:
- https://www.hindawi.com/journals/ddns/ ↗
- DOI:
- 10.1155/2014/578280 ↗
- Languages:
- English
- ISSNs:
- 1026-0226
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library HMNTS - ELD Digital store
- Ingest File:
- 16835.xml