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The profit to optimize by the supplier is identical for both contract variants.
We propose a multi-period mathematical optimization model that maximizes the producer's profit while optimizing the prices of different servicing options, production quantities, and inventory levels.
"We aren't in the business of optimizing and maximizing profits," he said.
A method of optimizing IERs and growth rates of mean profits is presented.
Nature has a way of optimizing its teams, too.
The principal goal of the research is to maximize the total profit of the chain by optimizing the order quantity of the supplier and the selling prices of the manufacturer and the wholesaler.
The objective of the research is to determine the optimal values of the order quantity of supplier and the selling prices of manufacturer and wholesaler as the decision variables by applying the optimal pricing and inventory decision strategies such that the profit of the chain is optimized.
Finally, an integrated profit of the supply chain is optimized by optimal ordering lot sizes of the raw materials.
Also, the profits are optimized for the different values of customers' sensitivity.
Given the limited number of studies related to the optimization of SCs considering NPD, and in realm contexts in particular, this study tries to contribute to the literature by proposing a multi-objective multi-period model to optimize the profit of SCs considering NPD in accordance to the other two objectives, maximizing the customer satisfaction and maximizing the NPD production.
Goal of this approach is to optimize after-tax profit of a company and to fix the product program and the extended supply chain network.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com