Manufacturer's return policy in a two-stage supply chain with two risk-averse retailers and random demand

被引：104

作者：

Hsieh, Chung-Chi ^{[1
]}

Lu, Yu-Ting ^{[1
]}

机构：

[1] Natl Cheng Kung Univ, Dept Ind & Informat Management, Tainan 70101, Taiwan

来源：

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH | 2010年 / 207卷 / 01期

关键词：

Conditional value-at-risk; Demand uncertainty; Newsvendor model; Return policy; Risk management; SINGLE-PERIOD PRODUCTS; VALUE-AT-RISK; NEWSBOY PROBLEM; UNCERTAINTY; CVAR; COMPETITION; PORTFOLIO; CHANNEL; PRICE; MODEL;

D O I：

10.1016/j.ejor.2010.04.026

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

This paper studies the manufacturer's return policy and the retailers' decisions in a supply chain consisting of one manufacturer and two risk-averse retailers under a single-period setting with price-sensitive random demand. We characterize each retailer's risk-embedded objective via conditional value-at-risk, and construct manufacturer-Stackelberg games with and without horizontal price competition between the retailers. We explore, through numerical studies, the effects of the retailers' aversion to risk and other parameters on the manufacturer's return policy and profit and the retailers' decisions. We further investigate the effect of distribution asymmetry by comparing the results with normal and lognormal demand. (C) 2010 Elsevier B.V. All rights reserved.

引用

页码：514 / 523

页数：10

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