A bilevel formulation of the pediatric vaccine pricing problem
The vaccine pricing decision faced by vaccine manufacturers is complicated. The customers subsequent vaccine selection decision problem must be considered. We model the pediatric vaccine pricing problem (PVPP) as a bilevel math program. PVPP is applied to the analysis of the 2014 United States pediatric vaccine market. We identify vaccine prices that improve current per child profit of three firms.
pediatric vaccine pricing bilevel programming heuristic neldermead search cyclic coordinate method