標題: | Equilibrium pricing and lead time decisions in a competitive industry |
作者: | Hong, I-Hsuan Hsu, Hsi-Mei Wu, Yi-Mu Yeh, Chun-Shao 工業工程與管理學系 Department of Industrial Engineering and Management |
關鍵字: | Price competition;Lead time competition;Nash equilibrium |
公開日期: | 1-十月-2012 |
摘要: | Pricing and lead time are two crucial decisions to a success in today's competitive markets. This paper examines the equilibrium pricing and lead time decisions in a duopoly industry consisting of two large and several smaller firms with competition. We solve the sufficient Karush-Kuhn-Tucker (KKT) optimality conditions for the Nash equilibrium solution. We characterize the existence and uniqueness of the Nash equilibrium solution of pricing and lead time decisions for both homogenous and heterogeneous firms. Our case study provides important managerial insights about firms' behavior under price and lead time competition in a semiconductor manufacturing industry. (c) 2012 Elsevier B.V. All rights reserved. |
URI: | http://dx.doi.org/10.1016/j.ijpe.2012.05.033 http://hdl.handle.net/11536/16816 |
ISSN: | 0925-5273 |
DOI: | 10.1016/j.ijpe.2012.05.033 |
期刊: | INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS |
Volume: | 139 |
Issue: | 2 |
起始頁: | 586 |
結束頁: | 595 |
顯示於類別: | 期刊論文 |