This paper deals with optimal pricing of a personalized product such as a personal portrait or photo. A new model of the pricing structure inspired by two real-life cases is introduced to the literature and solved to ...This paper deals with optimal pricing of a personalized product such as a personal portrait or photo. A new model of the pricing structure inspired by two real-life cases is introduced to the literature and solved to obtain optimal photo sitting fees and the final product price. A sensitivity analysis with respect to the problem parameters is performed.展开更多
The COVID-19 pandemic has brought unprecedented severe challenges to global supply chains and has triggered discussion about supply chain resilience(SCR).In the post-pandemic era,although residents’consumption has re...The COVID-19 pandemic has brought unprecedented severe challenges to global supply chains and has triggered discussion about supply chain resilience(SCR).In the post-pandemic era,although residents’consumption has rebounded under the stimulation of the government’s financial policies and the disruption of the supply chain has been alleviated,firms still face great challenges of restarting their supply chains.On the one hand,the global supply chain is still fragile.The outbreak of the epidemic may continue,and the risk of supply chain disruption cannot be ignored.On the other hand,the manufacturer’s production cost is further increased due to the substantial increase in international raw material prices,labor costs and transportation costs,and the production cycle is further prolonged.Therefore,SCR in the post-epidemic era is subject to multiple challenges from the external environment,as well as both supply and demand sides.展开更多
文摘This paper deals with optimal pricing of a personalized product such as a personal portrait or photo. A new model of the pricing structure inspired by two real-life cases is introduced to the literature and solved to obtain optimal photo sitting fees and the final product price. A sensitivity analysis with respect to the problem parameters is performed.
文摘The COVID-19 pandemic has brought unprecedented severe challenges to global supply chains and has triggered discussion about supply chain resilience(SCR).In the post-pandemic era,although residents’consumption has rebounded under the stimulation of the government’s financial policies and the disruption of the supply chain has been alleviated,firms still face great challenges of restarting their supply chains.On the one hand,the global supply chain is still fragile.The outbreak of the epidemic may continue,and the risk of supply chain disruption cannot be ignored.On the other hand,the manufacturer’s production cost is further increased due to the substantial increase in international raw material prices,labor costs and transportation costs,and the production cycle is further prolonged.Therefore,SCR in the post-epidemic era is subject to multiple challenges from the external environment,as well as both supply and demand sides.
