How to Implement Return Policies in a Two-Echelon Supply Chain?
Joint Authors
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2012, Issue 2012 (31 Dec. 2012), pp.1-20, 20 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2012-12-16
Country of Publication
Egypt
No. of Pages
20
Main Subjects
Abstract EN
We integrate a retailer's return policy and a supplier's buyback policy within a modeling framework.
In this setting, consumers decide whether to buy and then whether to return the product, the retailer sets the retail price, quantity, and refund price, and the supplier chooses the wholesale price and buyback price.
Both the demand uncertainty and consumers' valuation uncertainty are considered; consumers realize their valuations only after purchase.
We discuss four scenarios for each party in the supply chain that may offer or not offer return policy.
We characterize each party's optimal decisions for all scenarios and we show that the supplier's best choice is to provide buyback policy and the retailer's optimal response is to set refund price to be the same as supplier's buyback price.
American Psychological Association (APA)
Hu, Wei& Li, Jianbin. 2012. How to Implement Return Policies in a Two-Echelon Supply Chain?. Discrete Dynamics in Nature and Society،Vol. 2012, no. 2012, pp.1-20.
https://search.emarefa.net/detail/BIM-472782
Modern Language Association (MLA)
Hu, Wei& Li, Jianbin. How to Implement Return Policies in a Two-Echelon Supply Chain?. Discrete Dynamics in Nature and Society No. 2012 (2012), pp.1-20.
https://search.emarefa.net/detail/BIM-472782
American Medical Association (AMA)
Hu, Wei& Li, Jianbin. How to Implement Return Policies in a Two-Echelon Supply Chain?. Discrete Dynamics in Nature and Society. 2012. Vol. 2012, no. 2012, pp.1-20.
https://search.emarefa.net/detail/BIM-472782
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-472782