Models For Making Decisions On The Volume And Price Of Purchases In Wholesale Trade

Alexey Zalozhnev and Dmitriy Chistov
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Alexey Zalozhnev: Institute of Management Problems of the RASciences, Russia
Dmitriy Chistov: Financial University

Business Management, 2022, issue 2 Year 2022, 59-70

Abstract: The article proposes a mathematical model to support decision-making on the volume of purchases and the level of retail prices, which the wholesale company (dealer) sets depending on the manufacturer's selling prices and the demand of end buyers for various volumes of wholesale purchases. It is assumed that the manufacturer and the wholesaler influence price through pricing policy. As a result, the problem of determining the optimal volume of wholesale purchases and sales, depending on supply and demand, as well as changes in the level of purchase and selling prices, is posed and solved. Two options for setting the problem are considered here: when the end buyer is informed and not informed about the producer's prices.

Keywords: wholesale trade; mathematical modeling; optimization; pricing; seller; dealer; buyer (search for similar items in EconPapers)
JEL-codes: F14 F17 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:dat:bmngmt:y:2022:i:2:p:59-70

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