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Bibliographic Data
Control Number313521
Date and Time of Latest Transaction20150706093055.AM
General Information150706s |||||||||b ||00|||
Cataloging SourceSTII-DOST
Local Call NumberScienceDirect
Main Entry - Personal NameDanqin Yang
 Kuiran Shi
 Tiaojun Xiao
Title StatementCoordination of a supply chain with consumer return under demand uncertainty by Tiaojun Xiao, Kuiran Shi and Danqin Yang
Physical Descriptionpages 171-180 computer file; text; 279kb
Summary, Etc.This paper investigates coordination of a supply chain consisting of one manufacturer and one retailer facing consumer return. We integrate consumer returns policy and manufacturer buyback policy within a modeling framework and explicitly model the positive effect of refund amount on demand and its negative effect on the probability that consumers keep the products. We design a buyback/markdown money contract to coordinate the supply chain under partial refund policy and find that the refund amount plays an important role in the decisions and profitability of the players. In the coordinated setting with given buyback price, the refund amount first increases the players' expected profits/quantity, and then decreases them. When the risk (variance) of the consumer's valuation increases, the manufacturer may raise the unit wholesale price to achieve a higher unit profit. The supply chain is better off using full refund policy if the risk is very small; otherwise, the supply chain prefers no returns policy. The results of this paper are robust to distribution form
Subject Added Entry - Topical TermSocial sciences
 Logistics -- Analysis
 Supply chain coordination
 Management science -- Analysis
LocationDOST STII ScienceDirect NONPRINTS NP 14-16318 1 14-16318 Online/Download 2012-01-24
  
     
 
Physical Location
Department of Science and Technology
Science and Technology Information InstituteScienceDirect
  
     
 
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