Title :
Supply chain coordination with a combined contract with pending prices for a short-life-cycle product
Author :
Liu, Bin ; Liu, Sifeng ; Qiu, Robin G.
Abstract :
Supply chain coordination for short-life-cycle products with price-dependent demand is a focus in present operation management and management science fields. This paper considers a supply chain coordination problem for a single-cycle and two-selling-stage short-life-cycle product. Firstly, the inventory model of whole system is depicted with a stochastic dynamics programming. Then, a combined contract with pending prices is developed to coordinate the decentralized system, and its validity for channel coordination is proved. Finally, the analysis on system performances is simulated with some examples.
Keywords :
contracts; dynamic programming; inventory management; pricing; stochastic programming; supply chain management; channel coordination; contract; decentralized system; inventory model; management science; operation management; pending price; price-dependent demand; short-life-cycle product; stochastic dynamics programming; supply chain coordination; Conference management; Contracts; Disaster management; Dynamic programming; Intelligent systems; Pricing; Stochastic processes; Stochastic systems; Supply chain management; Supply chains;
Conference_Titel :
Grey Systems and Intelligent Services, 2007. GSIS 2007. IEEE International Conference on
Conference_Location :
Nanjing
Print_ISBN :
978-1-4244-1294-5
Electronic_ISBN :
978-1-4244-1294-5
DOI :
10.1109/GSIS.2007.4443453
