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SUPPLY CHAIN CONTRACTS: PRICE-ONLY CONTRACT AND RETURNS POLICY

机译:供应链合同:无价合约和退货政策

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This paper studies supply chain contracts in a supply chain with one supplier and one retailer. The supplier is in the upstream supply chain and sells materials to the retailer in the downstream supply chain. There is one selling season with stochastic demand and a single opportunity for the retailer to order inventory from the supplier before the selling season begins. Although supply chains include more than two parties, this simplification allows for studying optimal contracts. In this simple setting, the supplier determines prices and retailer determines order quantities. Among various types of supply chain contracts we focus on two kinds of the most popular supply chain contracts, i.e., price-only contract and returns policy. A number of researchers have advocated returns policy to remedy this misalignment of incentives, but none realize that price-only contract sometimes may perform better than returns policy. In this paper we employ quantitative models that distinguish between price-only contract and returns policy, and determine conditions under which each will be more desirable with respect to channel coordination and individual firm performance. Specifically, we use the "newsvendor problem" model to analysis simple price-only contract and returns policy.
机译:本文研究供应链中的供应链合同,其中一个供应商和一个零售商。供应商处于上游供应链,并将材料销售给下游供应链中的零售商。有一个销售季节,随机需求和零售商在销售季节开始之前从供应商订购库存的单一机会。虽然供应链包括两个以上的缔约方,但这种简化允许研究最佳合同。在这个简单的环境中,供应商确定价格和零售商决定订单数量。在各种类型的供应链合同中,我们专注于两种最流行的供应链合同,即,只有价格合约并退回政策。许多研究人员倡导返回政策以解决这种对激励措施的未对准,但没有意识到只有价值的合同有时比退货政策更好。在本文中,我们采用了区分价格合约和返回政策的定量模型,并确定各自对于渠道协调和个人公司性能更为希望的条件。具体来说,我们使用“NewsVendor问题”模型来分析简单的价格合同并返回策略。

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