Research Article
Pricing and Allotment in a Sea-Cargo Supply Chain with Reference Effect: A Dynamic Game Approach
Table 1
Simulation parameters.
| | Variable | Value | Variable description |
| | 400 | The carrier’s total capacity | | | The forwarder’s initial reference price | | 200 | The mean of downstream customer’s demand | | 20 | The standard deviation of downstream customer’s demand | | 8 | The operation cost in the contract market | | 10 | The operation cost in the spot market | | 40 | The mean of capacity price in the spot market | | 5 | The standard deviation of capacity price in the spot market | | 0.8 | The risk factor in the spot market | | 10 | The forwarder’s cost-plus ratio | | 0.4 | The forwarder’s memory effect | | 5 | The carrier capacity holding cost |
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