000198568 001__ 198568
000198568 005__ 20181203023502.0
000198568 0247_ $$2doi$$a10.1080/00207543.2013.848481
000198568 022__ $$a0020-7543
000198568 02470 $$2ISI$$a000332202700011
000198568 037__ $$aARTICLE
000198568 245__ $$aThe value of updated information on future price behaviour
000198568 260__ $$bTaylor & Francis Ltd$$c2014$$aAbingdon
000198568 269__ $$a2014
000198568 300__ $$a20
000198568 336__ $$aJournal Articles
000198568 520__ $$aThis paper studies the value of information on future price behaviour. We consider a one-period inventory modelling framework with random period length and two order opportunities. The selling price is determined dynamically and the demand is price-sensitive. The second ordering-pricing decision reflects the updated information on future price behaviour on supply chain flexibility. We consider three models with different levels of flexibility: the static model, the quantity flexible model and the combined quantity and timing (fully) flexible model. We compare between the values of three different features in the supply chain: updated information on price behaviour, dynamic pricing and supply flexibility. And we demonstrate the effect of holding cost and demand uncertainty on these three values. We also consider a specific condition with fixed selling prices. We give explicit analysis on the optimal order decisions, and analytically show the impact of information and quantity flexibility on the optimal order decisions.
000198568 6531_ $$asupply chain flexibility
000198568 6531_ $$arandom selling period length
000198568 6531_ $$avalue of information
000198568 700__ $$0245700$$g217939$$uEcole Polytech Fed Lausanne, Coll Management Technol CDM, CH-1015 Lausanne, Switzerland$$aLiao, Shuangqing
000198568 700__ $$uEcole Polytech Fed Lausanne, Coll Management Technol CDM, CH-1015 Lausanne, Switzerland$$aZequeira, Romulo I.
000198568 700__ $$0243643$$g162367$$uEcole Polytech Fed Lausanne, Coll Management Technol CDM, CH-1015 Lausanne, Switzerland$$aSeifert, Ralf W.
000198568 773__ $$j52$$tInternational Journal Of Production Research$$k7$$q2042-2061
000198568 909C0 $$xU10934$$0252253$$pTOM
000198568 909CO $$pCDM$$particle$$ooai:infoscience.tind.io:198568
000198568 917Z8 $$x113441
000198568 937__ $$aEPFL-ARTICLE-198568
000198568 973__ $$rREVIEWED$$sPUBLISHED$$aEPFL
000198568 980__ $$aARTICLE