Title :
No-centralize Newsvendor Model with Re-distributed Decision-making Power
Author_Institution :
Sch. of Public Econ. & Adm., Shanghai Finance Univ., Shanghai, China
Abstract :
In this paper, we study a no-centralize newsvendor model with re-distributed decision-making power. It is different from classical model that sale process is distinguished normal sale and promotion stages. Vendor own to the right of promotion policy selected to management promotion action for increasing their return when real demand is lacking. We get two mathematical expressions of traditional optimization order quantity q* and new optimization market size N*. At the some degree, we also discuss the sensitivity of (q*,N*) as some parameter changes.
Keywords :
optimisation; promotion (marketing); sales management; no-centralize newsvendor model; optimization market size; optimization order quantity; promotion policy; redistributed decision-making power; sale process; Costs; Decision making; Density functional theory; Distribution functions; Finance; Information technology; Marketing and sales; Power generation economics; Pricing; Random variables; Decision right; Newsvendor model; No-centralize;
Conference_Titel :
Intelligent Information Technology Application, 2009. IITA 2009. Third International Symposium on
Conference_Location :
Nanchang
Print_ISBN :
978-0-7695-3859-4
DOI :
10.1109/IITA.2009.222