Coordination of Time-Varying Price Supply Chain with Inequity-Averse Retailers

Table 1

Symbol description.

Symbol	Description	Symbol	Description
	Market demand,		Price of unit products
	Cumulative distribution function of x,		Price of unit products as t=0
	Probability density function of x	P	Expected price of unit products
	Manufacturer’s unit production cost		Sensitivity of p to t
	Retailer’s unit marginal cost		Unit residual value
	Manufacturer’s unit wholesale price		disadvantageous inequity aversion coefficient
	Order quantity		Advantageous inequity aversion coefficient
	Response time		Manufacturer’s expected profit
	Cumulative distribution function of t		Retailer’s expected profit
	Probability density function of t		Expected profit of supply chain
	Retailer’s utility function		Manufacturer’s expected wholesale price