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Analyzing the Two-Stage Supply Chain with Iso-Elastic Demand

Moeini, Soroush | 2011

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  1. Type of Document: M.Sc. Thesis
  2. Language: Farsi
  3. Document No: 41374 (01)
  4. University: Sharif University of Technology
  5. Department: Industrial Engineering
  6. Advisor(s): Ghasemi Tari, Farhad
  7. Abstract:
  8. In the last two decades, Supply Chain Management has become an integral part of sciences such as Management and Industrial Engineering. A key issue in this concept is how to coordinate the activities of the members of the chain in order to improve the performance of the whole system. In this thesis, the main concentration is on production, pricing and lot-sizing policies in a two-stage supply chain with a producer and a retailer. The producer manufactures the final product and vends it to the retailer, and the retailer sells it to the final customer. The customer’s demand is under iso-Elastic pattern that is one the four most popular price-sensitive demand functions. Moreover, in attempting to reach a more real model, first, a lower and a higher bound is considered for the relation of demand and price, and second, a minimum possible vending price for the producer is added to the model. Decision structure is decentralized. And by considering two different sets of assumptions, two different approaches are exerted: A price negotiation scheme and the Joint Economic Lot-sizing policy. The results are in favor of the second alternative
  9. Keywords:
  10. Supply Chain Management (SCM) ; Price-Dependant Demand ; Two-Stage Supply Chain ; Iso-Elastic Demand Function ; Joint Economic Lot-Sizing ; Price Negotiation

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