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The number of patients treated, the number of generics offered on the market, and the relative savings with the substitutable product increased substitution rates.
If the patient refuses substitution, the pharmacy attributes the price of the cheapest available substitutable product to the total PBS co-payment and the patient pays the balance out of pocket.
I tried to cheat and looked online for Robard's products or a substitutable product from a competitor, but there wasn't anything comparable.
Hsieh et al. (2014) surveyed pricing and ordering decisions of partners of a supply chain including multiple manufacturers and a retailer under demand uncertainty where each manufacturer produces a different substitutable product which is sold through the retailer.
Similar(56)
In this sequence, Drezner et al. (1995) developed an EOQ model with substitution for two substitutable products and compare the results with no substitution.
A better solution would give the new companies substitutable products from the beginning--each would have the right to sell its own version of Windows.
We study supply chain members' preferences for contractual forms under three different competitive settings in which multiple supply chains compete to sell substitutable products in the same market.
We find that (1) manufacturers tend to distribute products with more design attributes through their own retail stores, (2) manufacturers with highly substitutable products are more likely to use independent retailers, and (3) at least one manufacturer has more incentive to open its own retail stores when facing an increase of the market size asymmetry.
This approach would employ knowledge as a major vehicle in a two-tiered system in which economic incentives and trade-offs dictate resource allocation and management decisions when substitutable products are involved, but precautionary principles would prevail when the integrity of ecosystems is at stake.
Several researchers examine the effects of complementary and substitutable products on the profit of inventory systems.
Krommyda et al. (2015) studied an inventory control problem in which demand was satisfied using two mutually substitutable products.
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