Title :
Competitive revenue sharing contract
Author :
Xin, Chun-lin ; Ma, Wei-min ; Liu, Bin
Author_Institution :
Sch. of Econ. & Manage., Tsinghua Univ., Beijing
Abstract :
This paper studies a revenue sharing contract model in an online environment. Different from the traditional Bayesian optimization, our approach is motivated by competitive analysis of online algorithms. Using the competitive ratio as a performance measure we determine the optimal competitive performance for the retailer with a revenue sharing supply contracts and obtain the optimal competitive ratio under coordination.
Keywords :
Bayes methods; contracts; optimisation; retail data processing; supply chain management; Bayesian optimization; online environment; optimal competitive ratio; retailer performance; revenue sharing contract model; supply contracts; Algorithm design and analysis; Conference management; Contracts; Cybernetics; Environmental economics; Environmental management; Machine learning; Machine learning algorithms; Optimized production technology; Technology management; Competitive algorithms; Competitive ratio; Revenue sharing contract; Supply chain coordination;
Conference_Titel :
Machine Learning and Cybernetics, 2008 International Conference on
Conference_Location :
Kunming
Print_ISBN :
978-1-4244-2095-7
Electronic_ISBN :
978-1-4244-2096-4
DOI :
10.1109/ICMLC.2008.4620677
