Supply chain coordination of loss-averse newsvendor with contract

Tsinghua Science and Technology

Volumn 10, Issue 2, 2005, Pages 133-140

  Zhang, Long ^a   Song, Shiji ^a   Wu, Cheng ^a  

^a TSINGHUA UNIVERSITY   (China)

Author keywords

Channel coordination; Risk analysis; Supply chain management; Supply contract

Indexed keywords

CONTRACTS; DECISION MAKING; MANAGEMENT; MANUFACTURE; RISKS;

CHANNEL COORDINATION; INCREMENTAL BUY BACK CONTRACT; NEWSVENDOR PROBLEM; OPTIMAL PRODUCTION QUANTITY; SUPPLY CHAIN MANAGEMENT; WHOLESALE PRICE CONTRACT;

COMMERCE;

EID: 17944361852     PISSN: 10070214     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1007-0214(05)70044-4     Document Type: Article

References (12)

1. Tsay A, Nahmias S. Modeling supply chain contracts: A review. In: Tayur S, Ganeshan R, Magazine M, eds. Quantitative Models for Supply Chain Management. Boston: Kluwer Academic Publishers, 1999.
2. Fisher M, Raman A. Reducing the cost of demand uncertainty through accurate response to early sales. Operations Research, 1996, 44: 87-99.
3. Patsuris P. Christmas sales: The worst growth in 33 years. http://www.forbes.com/2001/10/30/1030retail.html, 2001
4. Anupindi R, Bassok Y. Supply contracts with quantity commitments and stochastic demand. In: Tayur S, Ganeshan R, Magazine M, eds. Quantitative Models for Supply Chain Management. Boston: Kluwer Academic Publishers, 1999.
5. Kahneman D, Tversky A. Prospect theory: An analysis of decisions under risk. Econometrica, 1979, 47: 263-291.
6. Barberis N, Huang M. Mental accounting, loss aversion, and individual stock returns. Journal of Finance, 2001, LVI: 1247-1292.
7. Schweitzer M E, Cachon G. Decision bias in the news-vendor problem with a known demand distribution: Experimental evidence. Management Science, 2000, 46(3): 404-420.
8. Lariviere M A, Porteus E L. Selling to the newsvendor: An analysis of price-only contracts. Manufacturing and Service Operations Management, 2001, 3(4): 293-305.
9. Emmons H, Gilbert S. The role of returns policies in pricing and inventory decision for catalogue goods. Management Science, 1998, 44(2): 276-283.
10. Pasternack B. Optimal pricing and returns policies for perishable commodities. Marketing Science, 1985, 4(2): 166-176.
11. Cachon G, Martin A L. Contracting to assure supply: How to share demand forecasts in a supply chain. Management Sci., 2001, 47(5): 629-646.
12. Taylor T A. Supply chain coordination under channel rebates with sales effort effects. Management Science, 2002, 48(8): 992-1008.