A multi-period supply chain network equilibrium model considering retailers’ uncertain demands and dynamic loss-averse behaviors
This study constructs an equilibrium model of a multi-period supply chain network with uncertain demand. In the multi-period equilibrium model, the authors consider not only retailers’ static loss-averse behaviors, but also their dynamic loss-averse behaviors, in which retailers dynamically adjust their loss-averse parameters according to their gains or losses over the production periods. The equilibrium conditions of the various decision makers and the network are established by the finite-dimensional variational inequality. Finally, numerical examples are solved to show how retailers’ loss-averse behaviors would affect decisions, profits of manufacturers and utilities of retailers at equilibrium when compared with their loss-neutral behaviors.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/13665545
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Supplemental Notes:
- © 2018 Elsevier Ltd. All rights reserved. Abstract reprinted with permission of Elsevier.
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Authors:
- Zhou, Yan
- Chan, Chi Kin
- Wong, Kar Hung
- Publication Date: 2018-10
Language
- English
Media Info
- Media Type: Web
- Features: Figures; References; Tables;
- Pagination: pp 51-76
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Serial:
- Transportation Research Part E: Logistics and Transportation Review
- Volume: 118
- Issue Number: 0
- Publisher: Elsevier
- ISSN: 1366-5545
- Serial URL: http://www.sciencedirect.com/science/journal/13665545
Subject/Index Terms
- TRT Terms: Demand; Equilibrium (Systems); Retail trade; Supply chain management; Uncertainty
- Uncontrolled Terms: Equilibrium models; Loss aversion
- Subject Areas: Freight Transportation; Planning and Forecasting;
Filing Info
- Accession Number: 01679751
- Record Type: Publication
- Files: TRIS
- Created Date: Aug 30 2018 12:20PM