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The authors investigate the manufacturer's choice of discount schemes in a supply chain with competing retailers.
Abstract
Purpose
The authors investigate the manufacturer's choice of discount schemes in a supply chain with competing retailers.
Design/methodology/approach
Using a game-theoretic model, the authors build two discount frameworks and compare and analyze the effects of different discount schemes on the performance of supply chain members.
Findings
The authors find that the retail price (market demand) in the quantity discount scheme is always higher (lower) than that in the market share discount scheme. The authors also find that the retailers' preference for discount schemes is antithetical to the manufacturer's preference in most cases. However, under certain conditions, there will be a win-win situation where Pareto-optimization occurs between the manufacturer and retailers when they choose the same discount scheme.
Research limitations/implications
On the one hand, the authors assume that the two retailers are symmetrical in market size and operation efficiency. It would be interesting to study the effect of different discount schemes on retailers when the retailers have different market sizes or operating efficiency. On the other hand, the authors study the manufacturer's choice of discount schemes in a supply chain with one common manufacturer and two competing retailers. However, in practice, there exist other supply chain structures. Future research can examine the problem of choices of discount schemes in other different supply chain structures.
Practical implications
This paper help retailers and manufacturers to choose the best discount schemes.
Social implications
This paper suggests that a high discount scale is not always beneficial (detrimental) to retailers (the manufacture).
Originality/value
The authors build two discount schemes (the quantity and the market share) in a supply chain consisting of one manufacturer and two retailers, and the authors focus on the effects of different discount schemes on the competition between two retailers. By comparing the two discount schemes, the authors study which discount scheme is the better choice for the manufacturer when facing competing retailers.
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Hongmei Li, Junling Shi, Xiangdong Li, Junbo Zhang and Yunlong Chen
High-speed maglev technology can address the issues of adhesion, friction, vibration and high-speed current collection in traditional wheel-rail systems, making it an important…
Abstract
Purpose
High-speed maglev technology can address the issues of adhesion, friction, vibration and high-speed current collection in traditional wheel-rail systems, making it an important direction for the future development of high-speed rail technology.
Design/methodology/approach
This paper elaborates on the demand and significance of developing high-speed maglev technology worldwide and examines the current status and technological maturity of several major high-speed maglev systems globally.
Findings
This paper summarizes the challenges in the development of high-speed maglev railways in China. Based on this analysis, it puts forward considerations for future research on high-speed maglev railways.
Originality/value
This paper describes the development status and technical maturity of several major high-speed maglev systems in the world for the first time, summarizes the existing problems in the development of China's high-speed maglev railway and on this basis, puts forward the thinking of the next research of China's high-speed maglev railway.
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The shared development concept is crucial for the construction of a socialist political economy with Chinese characteristics. The paper aims to discuss this issue.
Abstract
Purpose
The shared development concept is crucial for the construction of a socialist political economy with Chinese characteristics. The paper aims to discuss this issue.
Design/methodology/approach
This is because shared development constitutes the logic thread of the socialist political economy with Chinese characteristics and the core for the formation and development of its whole system.
Findings
China’s modernization is well underway and is following a unique path with its own characteristics, whereby shared development is undoubtedly one of its core values.
Originality/value
In the new era, the development path under the concept of shared development of socialism with Chinese characteristics must adhere to the all-round development of human beings, promote social equity and justice via development, and embrace inclusive growth, specifically, pro-poor growth.
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Slawomir Koziel and Anna Pietrenko-Dabrowska
A novel framework for expedited antenna optimization with an iterative prediction-correction scheme is proposed. The methodology is comprehensively validated using three…
Abstract
Purpose
A novel framework for expedited antenna optimization with an iterative prediction-correction scheme is proposed. The methodology is comprehensively validated using three real-world antenna structures: narrow-band, dual-band and wideband, optimized under various design scenarios.
Design/methodology/approach
The keystone of the proposed approach is to reuse designs pre-optimized for various sets of performance specifications and to encode them into metamodels that render good initial designs, as well as an initial estimate of the antenna response sensitivities. Subsequent design refinement is realized using an iterative prediction-correction loop accommodating the discrepancies between the actual and target design specifications.
Findings
The presented framework is capable of yielding optimized antenna designs at the cost of just a few full-wave electromagnetic simulations. The practical importance of the iterative correction procedure has been corroborated by benchmarking against gradient-only refinement. It has been found that the incorporation of problem-specific knowledge into the optimization framework greatly facilitates parameter adjustment and improves its reliability.
Research limitations/implications
The proposed approach can be a viable tool for antenna optimization whenever a certain number of previously obtained designs are available or the designer finds the initial effort of their gathering justifiable by intended re-use of the procedure. The future work will incorporate response features technology for improving the accuracy of the initial approximation of antenna response sensitivities.
Originality/value
The proposed optimization framework has been proved to be a viable tool for cost-efficient and reliable antenna optimization. To the knowledge, this approach to antenna optimization goes beyond the capabilities of available methods, especially in terms of efficient utilization of the existing knowledge, thus enabling reliable parameter tuning over broad ranges of both operating conditions and material parameters of the structure of interest.
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