... forecasts. This paper studies a multi-product dietary supplement manufacturing system under stochastic demands. The purpose is to maximize the long-run expected profit by jointly considering pricing and inventory strategies. Design/methodology/approach The authors investigate both the general cases...

... Limited 2016 Dynamic pricing Stochastic demand Centralized distribution centre Nonlinear bilevel programming problem Transhipment p₀  basic price for unit reserved space p_a  highest price for unit reserved space...

... Limited 2016 Downside risk Dynamic stackelberg game Portfolio procurement Price fluctuation Stochastic demand Risk preference P_S  expected profit of supplier K  supplier’s capacity β_k  cost to maintain one...

... issue. The application of proposed model is illustrated using numerical case scenarios. Findings – The cost functions show that besides ordering cost, change in stochastic demand during lead time is the major factor that affects the other cost components such as holding and penalty costs...