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Managing procurement and production outsourcing under dynamic prices

✍ Scribed by Xiao-gang Cao, Chao Yang, Hui Wen, Huo-song Xia, Ji-zi Li

Book ID: 120965648
Publisher: Institute of Applied Mathematics, Chinese Academy of Sciences and Chinese Mathematical Society
Year: 2013
Tongue: English
Weight: 182 KB
Volume: 29
Category: Article
ISSN: 0168-9673
DOI: 10.1007/s10255-013-0196-4

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This article develops a continuous-time dynamic pricing model for two competitive flights with stochastic control theory and game theory. Two price levels are taken into account for each flight. The condition of the equilibrium solution is derived. Solutions and corresponding properties are discusse