A Bi-level Pricing Model and a PSO Based Algorithm in Supply Chains

World Scientific
Publication Type:
Conference Proceeding
Intelligent Decision Making systems: Proceedings of the 4th International ISKE Conference, 2010, pp. 394 - 401
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Due to rapid technological innovation and severe competition, in hi-tech industries such as computers and communication, the upstream component price and the downstream product cost usually decline significantly with time. In such a background, an effective pricing supply chain model becomes crucial. This paper first establishes a bi-level pricing model for pricing problems for a buyer and a vendor in a supply chain. Then, a particle swarm optimization Q>SO) based algorithm is developed to solve the problem defined by this model. Experiments illustrate that this algorithm can achieve more profits for both a buyer and a vendor compared with the existing methods.
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