Mathematical Problems in Engineering / 2020 / Article / Tab 1

Research Article

Optimization of Supplier Development under Market Dynamics

Table 1

Experimental setup.

DescriptionAutomotiveMobile phones

a0Initial willingness-to-pay10,00010,000500500
csdCost for SD projects3,000,0002,000,00013,0009,000
cm0Initial prod. cost for manuf.4,5005,400225270
cs0Initial prod. cost for supplier4,0503,240202.5162
bPrice elasticity0.
rRevenue of supplier45036022.518
mLearning rate−0.1−0.1−0.1-0.1
pMaximum number of SD projects per period2010105
Sampling horizon6 months1 month
Open-loop horizon54 months (4.5 years)12 months
Closed-loop horizon240 months (20 years)84 months (7 years)

Article of the Year Award: Outstanding research contributions of 2020, as selected by our Chief Editors. Read the winning articles.