A Composite Contract for Coordinating a Supply Chain with Price and Effort Dependent Stochastic Demand
Joint Authors
Liu, Yu-Shuang
Shang, Yun
Su, Hong-yan
Source
Mathematical Problems in Engineering
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-9, 9 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-07-03
Country of Publication
Egypt
No. of Pages
9
Main Subjects
Abstract EN
As the demand is more sensitive to price and sales effort, this paper investigates the issue of channel coordination for a supply chain with one manufacturer and one retailer facing price and effort dependent stochastic demand.
A composite contract based on the quantity-restricted returns and target sales rebate can achieve coordination in this setting.
Two main problems are addressed: ( 1 ) how to coordinate the decentralized supply chain; ( 2 ) how to determine the optimal sales effort level, pricing, and inventory decisions under the additive demand case.
Numerical examples are presented to verify the effectiveness of combined contract in supply chain coordination and highlight model sensitivities to parametric changes.
American Psychological Association (APA)
Liu, Yu-Shuang& Shang, Yun& Su, Hong-yan. 2016. A Composite Contract for Coordinating a Supply Chain with Price and Effort Dependent Stochastic Demand. Mathematical Problems in Engineering،Vol. 2016, no. 2016, pp.1-9.
https://search.emarefa.net/detail/BIM-1112061
Modern Language Association (MLA)
Liu, Yu-Shuang…[et al.]. A Composite Contract for Coordinating a Supply Chain with Price and Effort Dependent Stochastic Demand. Mathematical Problems in Engineering No. 2016 (2016), pp.1-9.
https://search.emarefa.net/detail/BIM-1112061
American Medical Association (AMA)
Liu, Yu-Shuang& Shang, Yun& Su, Hong-yan. A Composite Contract for Coordinating a Supply Chain with Price and Effort Dependent Stochastic Demand. Mathematical Problems in Engineering. 2016. Vol. 2016, no. 2016, pp.1-9.
https://search.emarefa.net/detail/BIM-1112061
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1112061