Title :
Impact on Optimal Decision of Retailer Based on Buyback Contract with Options
Author :
Zhou, Xin ; Sheng, Fangzheng
Author_Institution :
Coll. of Transp. & Commun., Shanghai Maritime Univ., Shanghai, China
Abstract :
This paper studies buyback contract with options in the supply chain. We propose the buyback contract with options is a generalization of the average buyback contract, prove that the expectation profit function of retailer with buyback contract with options is joint concave function of the decision variables and get the analytical solution. And we compare the optimal strategies with different contracts.
Keywords :
concave programming; retailing; average buyback contract; decision variables; expectation profit function; joint concave function; optimal decision; retailer; supply chain; Contracts; Costs; Educational institutions; Manufacturing; Marketing and sales; Probability distribution; Random variables; Risk management; Supply chains; Transportation;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
Electronic_ISBN :
978-1-4244-4639-1
DOI :
10.1109/ICMSS.2009.5303932
