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Full-Text Articles in Business
A Flexible Payment Scheme In Hotel Business, Ciwei Dong
A Flexible Payment Scheme In Hotel Business, Ciwei Dong
Dissertations and Theses Collection (Open Access)
This paper introduces a flexible payment scheme in the hotel business. When a customer makes a reservation for a hotel room, the hotel offers an optional payment scheme (Scheme O). If the customer chooses the Scheme O, he/she makes a non-refundable down payment immediately. Meanwhile, the hotel offers a discount if the customer actually checks in to the hotel. Thus, the payment at check-out time is much lower than the original rental rate. Alternatively, if the customer rejects the Scheme O, the reservation is made under a traditional Scheme (Scheme T), where no down payment is required. However, the customer …
Pricing And Inventory Control In Dual-Channel Network With One Manufacturer And Retailer, Zhicong Pan
Pricing And Inventory Control In Dual-Channel Network With One Manufacturer And Retailer, Zhicong Pan
Dissertations and Theses Collection (Open Access)
The study on multi-channel problems has been one of the most active research fields in recent years. In this paper, we consider a dual-channel network problem with one manufacture and one retailer. The manufacturer, acting as the Stackelberg leader, sells a single type of product through a traditional channel to the retailer and/or through a direct channel to customers. The retailer, acting as the follower, operates a Newsvendor model, ordering from the manufacturer and selling to the customers. We study the problem with the deterministic demand. We develop an efficient algorithm to find the joint optimal policy for three prices: …
A Remanufacturing News-Vendor With Pricing And Take-Back Pricing, Keyu Lu
A Remanufacturing News-Vendor With Pricing And Take-Back Pricing, Keyu Lu
Dissertations and Theses Collection (Open Access)
This paper analyzes the problem of a remanufacturing news-vendor with selling and take-back price decision. In our model, the remanufacturer decides selling price, take-back price, and order quantity for new materials. She then uses the stochastic take-back quantity and the new material to meet the stochastic demand comparably to a news vendor setting. We allow demand and take-back supply to be correlated. In this thesis, we study a production problem with dual input sources: raw materials and recycled or remanufactured take-back items. To answer when mixed-sourcing is best, we analyze the model under deterministic setting first, provide criteria for different …
Pricing And Lead Time Decisions In A Duopoly Common Retailer Channel, Xiuming Niu
Pricing And Lead Time Decisions In A Duopoly Common Retailer Channel, Xiuming Niu
Dissertations and Theses Collection (Open Access)
This thesis studies a dual-level decentralized supply chain consisting of two suppliers and two retailers facing a price- and lead-time-sensitive demand. We model the suppliers’ operations as M/M/1 queues and demand as a linear function of the retail prices and promised delivery lead-times offered to the customers. Three different kinds of games are constructed to analyze the pricing and lead-time decisions of the suppliers and retailers. We show the existence of a unique equilibrium in all games and provide the exact formulas to compute the optimal decisions for both the suppliers and retailers. We further present numerical examples to illustrate …