Research Article

Supply Chain Decision-Making and Coordination considering Anticipated Regret under Price Discount

Table 2

Explanation of major symbols and hypothesis.

Variable symbolVariable descriptionAssumptions

The selling price of the original product per unit
The selling price of the discount product per unit
Wholesale price product per unit
Discount level of product per unit
The consumer valuation of buying original price products
Consumers who have a higher preference for discount products
Consumers who have a lower preference for discount products
Regret sensitivity coefficient, used to measure how sensitive consumers are to anticipated regret
The possibility of anticipated regret
Consumer heterogeneity
Net effect of forgotten products
Net effect of chosen products
Manufacturer's production costs