Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/28809
Title: Coordination mechanism for the supply chain with leadtime consideration and price-dependent demand
Authors: Chen, H
Chen, Y
Chiu, CH
Choi, TM 
Sethi, S
Keywords: Information updating
Leadtime
Newsvendor problem
Price-dependent demand
Return policy
Risk and profit sharing
Supply chain coordination
Issue Date: 2010
Publisher: Elsevier
Source: European journal of operational research, 2010, v. 203, no. 1, p. 70-80 How to cite?
Journal: European journal of operational research 
Abstract: We study a coordination contract for a supplier-retailer channel producing and selling a fashionable product exhibiting a stochastic price-dependent demand. The product's selling season is short, and the supply chain faces great demand uncertainty. We consider a scenario where the supplier reserves production capacity for the retailer in advance, and permits the retailer to place an order not exceeding the reserved capacity after a demand information update during a leadtime. We formulate a two-stage optimization problem in which the supplier decides the amount of capacity reservation in the first stage, and the retailer determines the order quantity and the retail price after observing the demand information in the second stage. We propose a three-parameter risk and profit sharing contract that coordinates the supply chain. The proposed contract permits any agreed-upon division of the supply-chain profit between the channel members.
URI: http://hdl.handle.net/10397/28809
ISSN: 0377-2217
EISSN: 1872-6860
DOI: 10.1016/j.ejor.2009.07.002
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