摘要
This study examines an optimal inventory strategy when a retailer markets a product at different selling prices through a dual-channel supply chain, comprising an online channel and an offiine channel. Using the operating pattern of the offiine-to-online （020） business model, we develop a partial robust optimization （PRO） model. Then, we provide a closed-form solution when only the mean and standard deviation of the online channel demand distribution is known and the offiine channel demand follows a uniform distribution （partial robust）. Specifically, owing to the good structural properties of the solution, we obtain a heuristic ordering formula for the general distribution case （i.e., the offiine channel demand follows a general distribution）. In addition, a series of numerical experiments prove the rationality of our conjecture. Moreover, after comparing our solution with other possible policies, we conclude that the PRO approach improves the performance of incorporating the internet into an existing supply chain and, thus, is able to adjust the level of conservativeness of the solution. Finally, in a degenerated situation, we compare our PRO approach with a combination of information approach. The results show that the PRO approach has more ＂robust＂ performance. As a result, a reasonable trade-off between robustness and performance is achieved.
This study examines an optimal inventory strategy when a retailer markets a product at different selling prices through a dual-channel supply chain, comprising an online channel and an offiine channel. Using the operating pattern of the offiine-to-online （020） business model, we develop a partial robust optimization （PRO） model. Then, we provide a closed-form solution when only the mean and standard deviation of the online channel demand distribution is known and the offiine channel demand follows a uniform distribution （partial robust）. Specifically, owing to the good structural properties of the solution, we obtain a heuristic ordering formula for the general distribution case （i.e., the offiine channel demand follows a general distribution）. In addition, a series of numerical experiments prove the rationality of our conjecture. Moreover, after comparing our solution with other possible policies, we conclude that the PRO approach improves the performance of incorporating the internet into an existing supply chain and, thus, is able to adjust the level of conservativeness of the solution. Finally, in a degenerated situation, we compare our PRO approach with a combination of information approach. The results show that the PRO approach has more ＂robust＂ performance. As a result, a reasonable trade-off between robustness and performance is achieved.
