Ann Oper Res
DOI 10.1007/s10479-017-2632-y
GAME THEORY AND OPTIMIZATION
Bundle pricing strategies for two complementary
products with different channel powers
Raghu Nandan Giri
1
· Shyamal Kumar Mondal
1
·
Manoranjan Maiti
1
© Springer Science+Business Media, LLC 2017
Abstract In this paper, we consider a duopoly market where two manufacturers separately
produce and sell two complementary products through a common retailer as a leader–follower
movement. The competition has been studied in two-echelon supply chain system and all
produced products are sold by the retailer with individual product prices or with pure products’
bundling price in the non-cooperative market. The demand of each product linearly depends
on prices of these two products as per their nature. Here, model for two different cases (without
and with pure products’ bundling) are developed mathematically to maximize the profit of
each participant of the supply chain and then corresponding optimal pricing strategies are
worked out for the manufacturers and retailer. It is shown that supply chain profit for the
pure bundling is better than the profit when products are sold at individual prices. Finally,
the model is illustrated with numerical data to study the effects of models’ parameters in the
pricing strategies and some marketing decisions are explored.
Keywords Supply chain management · Complementary products · Products bundle ·
Stackelberg game · Pricing strategy
1 Introduction
During the last decade, many researchers have investigated integrated business activities of
two complementary products in duopoly market like supply chain management in which
relationship between channel members(manufacturer, distributor, supplier, retailer, buyer,
B Raghu Nandan Giri
raghunandan.giri86@gmail.com
Shyamal Kumar Mondal
shyamal_260180@yahoo.co.in
Manoranjan Maiti
mmaiti2005@yahoo.co.in
1
Department of Applied Mathematics with Oceanology and Computer Programming, Vidyasagar
University, Midnapore 721102, India
123