With the continuous development of economic globalization,especially in the face of expanding COVID-19 pandemic,the supply shortage of suppliers will directly affect the ordering strategy of enterprises,which will cau...With the continuous development of economic globalization,especially in the face of expanding COVID-19 pandemic,the supply shortage of suppliers will directly affect the ordering strategy of enterprises,which will cause price fluctuations in the commodity market and corporate profits.We assume that the demand for the product in the market is constant,and the supply determines the product price.An EOQ model is constructed with a supply shortage under the additive supply.We find that the optimal order quantity is consistent with the classic EOQ without considering product price changes;after introducing the price function,we analyze the relationship between the product’s market price and the seller’s optimal profit and the supplier uncertainty.The research results show that the product’s market price will increase with the increase of the out-of-stock quantity.At the same time,the uncertainty will decrease,and the seller’s optimal profit will decrease as the average stock-out and uncertainty increase.展开更多
文摘With the continuous development of economic globalization,especially in the face of expanding COVID-19 pandemic,the supply shortage of suppliers will directly affect the ordering strategy of enterprises,which will cause price fluctuations in the commodity market and corporate profits.We assume that the demand for the product in the market is constant,and the supply determines the product price.An EOQ model is constructed with a supply shortage under the additive supply.We find that the optimal order quantity is consistent with the classic EOQ without considering product price changes;after introducing the price function,we analyze the relationship between the product’s market price and the seller’s optimal profit and the supplier uncertainty.The research results show that the product’s market price will increase with the increase of the out-of-stock quantity.At the same time,the uncertainty will decrease,and the seller’s optimal profit will decrease as the average stock-out and uncertainty increase.
