The Logic of Logistics by David Simchi-Levi Xin Chen & Julien Bramel

Author:David Simchi-Levi, Xin Chen & Julien Bramel
Language: eng
Format: epub
Publisher: Springer New York, New York, NY

The demand of each retailer is random and depends on the realization of the market signal ω and its own selling price. Specifically, we focus on demand functions of the following forms:

Assumption 11.2.2

For j ∈ N, the demand function of retailer j given its price p j satisfies

(11.1)

where α j and β j are two nonnegative random variables, represented as functions of the market signal ω.

To avoid technical complications, we assume that the sample space Ω of ω is finite. However, this assumption can be relaxed if necessary.

We further assume that and are the lower and upper bounds of p j (ω), respectively. Thus, the feasible set of retailer j’s price decision p j (⋅ ) is given by

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.