Title :
Profit optimization with coexisting buy-back and wholesale-price contracts
Author :
Fujiwara, Kaori ; Koide, Akio
Author_Institution :
Tokyo Res. Lab., IBM Japan Ltd., Kanagawa
fDate :
June 30 2008-July 2 2008
Abstract :
This paper gives a model for profit optimization by a distributor when buy-back and wholesale-price contracts coexist. It is applicable to industries such as fashion, games, and publishing industries, where many new products are shipped to the market every day and with very short lives. We provide a method to determine the optimal sizes of push-type shipments based on retailer behavior and the uncertainties of consumer demand forecasts.
Keywords :
consumer behaviour; goods distribution; optimisation; pricing; profitability; retailing; supply chain management; buy-back contract; consumer demand forecasts; profit optimization; push-type shipments; retailer behavior; wholesale-price contracts; Books; Clothing industry; Contracts; Costs; Demand forecasting; Game theory; Marine vehicles; Marketing and sales; Shipbuilding industry; Toy industry; buy-back contract; managerial decision making under uncertainty; supply chain coordination; wholesale-price contract;
Conference_Titel :
Service Systems and Service Management, 2008 International Conference on
Conference_Location :
Melbourne, VIC
Print_ISBN :
978-1-4244-1671-4
Electronic_ISBN :
978-1-4244-1672-1
DOI :
10.1109/ICSSSM.2008.4598542
