@inproceedings{ac3d3593c8814b53a7746fa760255fb1,
title = "Procurement decisions in multi-period supply chain",
abstract = "Pricing and ordering decision in multi-period supply chain environments is not explored comprehensively. We consider three pragmatic procurement scenarios where the retailer can procure products (i) by maintaining strategic inventory, (ii) in bulk in first-period and distribute them in forthcoming selling period, and (iii) without maintaining any inventory. The results suggest that conventional single period planning exhibit sub-optimal characteristics. Build-up strategic inventory is not always profitable for the retailer. The retailer can also earn more profits by employing a bulk procurement strategy.",
keywords = "Game theory, Inventory, Multi-period supply chain",
author = "Izabela Nielsen and Subrata Saha",
year = "2018",
month = jan,
day = "1",
doi = "10.1007/978-3-319-99704-9_53",
language = "English",
isbn = "9783319997032",
series = "I F I P Advances in Information and Communication Technology",
publisher = "Springer Publishing Company",
pages = "433--442",
editor = "Ilkyeong Moon and Jinwoo Park and Lee, {Gyu M.} and Dimitris Kiritsis and {von Cieminski}, Gregor",
booktitle = "Advances in Production Management Systems. Production Management for Data-Driven, Intelligent, Collaborative, and Sustainable Manufacturing - IFIP WG 5.7 International Conference, APMS 2018, Proceedings",
address = "United States",
note = "IFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2018 ; Conference date: 26-08-2018 Through 30-08-2018",
}