Coordinating a Supply Chain with a Loss-Averse Retailer under Yield and Demand Uncertainties
Joint Authors
Luo, Weiwei
Shao, Dongguo
Liu, Wei
Wang, Zhuomin
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-12, 12 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-08-03
Country of Publication
Egypt
No. of Pages
12
Main Subjects
Abstract EN
This paper investigates the channel coordination of a supply chain (SC) consisting of a loss-averse retailer and a risk-neutral supplier under yield and demand uncertainties.
Three existing contracts are analyzed.
Our results demonstrate that the buyback (BB) and quantity flexibility (QF) contracts can not only coordinate the supply chain but also lead to Pareto improvement for each player, while the wholesale price (WP) contract fails to coordinate the chain due to the effects of double marginalization and risk preference.
For comparison, a chain with a risk-neutral retailer is also analyzed.
Furthermore, numerical examples are provided to demonstrate the effectiveness of the coordination contracts, and the impacts of loss aversion and random yield on the decision-making behaviors and system performance are then discussed.
American Psychological Association (APA)
Luo, Weiwei& Shao, Dongguo& Liu, Wei& Wang, Zhuomin. 2016. Coordinating a Supply Chain with a Loss-Averse Retailer under Yield and Demand Uncertainties. Discrete Dynamics in Nature and Society،Vol. 2016, no. 2016, pp.1-12.
https://search.emarefa.net/detail/BIM-1103626
Modern Language Association (MLA)
Luo, Weiwei…[et al.]. Coordinating a Supply Chain with a Loss-Averse Retailer under Yield and Demand Uncertainties. Discrete Dynamics in Nature and Society No. 2016 (2016), pp.1-12.
https://search.emarefa.net/detail/BIM-1103626
American Medical Association (AMA)
Luo, Weiwei& Shao, Dongguo& Liu, Wei& Wang, Zhuomin. Coordinating a Supply Chain with a Loss-Averse Retailer under Yield and Demand Uncertainties. Discrete Dynamics in Nature and Society. 2016. Vol. 2016, no. 2016, pp.1-12.
https://search.emarefa.net/detail/BIM-1103626
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1103626