Retail price markup commitment in decentralized supply chains

European Journal of Operational Research

Volumn 192, Issue 1, 2009, Pages 277-292

  Liu, Yong ^a   Fry, Michael J ^b   Raturi, Amitabh S ^b  

^a HSBC Bank   (United States)

^b UNIVERSITY OF CINCINNATI   (United States)

Author keywords

Inventory; Pricing; Supply chain management

Indexed keywords

COSTS; FUNCTIONS; SALES; SUPPLY CHAIN MANAGEMENT;

INVENTORY; PRICING; RETAIL PRICES;

SUPPLY CHAINS;

EID: 50849086448     PISSN: 03772217     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ejor.2007.08.036     Document Type: Article

References (42)

1. American Marketing Association. 2004. Marketing Dictionary. .
2. Anupindi R.Y., and Bassok Y. Supply contracts with quantity commitment and stochastic demand. In: Tayur S., Ganeshan R., and Magazine M. (Eds). Quantitative Models for Supply Chain Management (1999), Kluwer Academic Publishers, Norwell, MA 197-232
3. Arquit, K.J., 1991. Resale Price Maintenance: Consumer's Friend or Foe? American Bar Association Section of Antitrust Law. Bureau of Competition, Federal Trade Commission.
4. Bernstein F., and Federgruen A. Decentralized supply chains with competing retailers under demand uncertainty. Management Science 51 1 (2005) 18-29
5. Cachon G.P. Supply chain coordination with contracts. In: de Kok A.G., and Graves S.C. (Eds). Handbooks in operations research and management science. Supply Chain Management: Design, Coordination and Operation vol. 11 (2003), Elsevier, Amsterdam, The Netherlands
6. Cachon G.P., and Lariviere M.A. Supply chain coordination with revenue-sharing contracts: Strengths and limitations. Management Science 51 1 (2005) 30-44
7. Dana J.D., and Petruzzi N.C. Note: The newsvendor model with endogenous demand. Management Science 47 11 (2001) 1488-1497
8. Deneckere R., Marvel H.P., and Peck J. Demand uncertainty, inventories and resale price maintenance. The Quarterly Journal of Economics 111 3 (1996) 885-913
9. Emmons H., and Gilbert S.M. Note: The role of policies in pricing and inventory decisions for catalog goods. Management Science 44 2 (1998) 276-283
10. Federgruen A., and Heching A. Combined pricing and inventory control under uncertainty. Operations Research 47 3 (1999) 454-475
11. Granot D., and Yin S. On the effectiveness of returns policies in the price-dependent newsvendor model. Naval Research Logistics 52 8 (2005) 765-779
12. Gurnani H., and Xu Y. Resale price maintenance contracts with retailer sales effort: Effect of flexibility and competition. Naval Research Logistics 53 5 (2006) 448-463
13. Ha A.Y. Supplier-buyer contracting: Asymmetric cost information and cutoff level policy for buyer participation. Naval Research Logistics 48 (2001) 41-64
14. Jeuland A.P., and Shugan S.M. Managing channel profits. Marketing Science 2 3 (1983) 239-272
15. Kanavos P., and Reinhardt U. Reference pricing for drugs: Is it compatible with U.S. Health Care?. Health Affairs 22 3 (2003) 16-30
16. Kandel E. The right to return. Journal of Law and Economics 39 (1996) 329-356
17. Karlin S., and Carr C.R. Prices and optimal inventory policy. In: Arrow K., Karlin S., and Scarf H. (Eds). Studies in Applied Probability and Management Science (1962), Stanford University Press, Stanford, CA
18. Klein B. Distribution restrictions operates by creating dealer profits: Explaining the use of maximum resale price maintenance in State Oil v. Khan. In: Gellhorn E., and Ribstein L.E. (Eds). Supreme Court Economic Review vol. 7 (1999), University of Chicago Press, Chicago, IL
19. Lariviere M.A., and Porteus E.L. Selling to the newsvendor: An analysis of price-only contracts. Manufacturing & Service Operations Management 3 4 (2001) 293-305
20. Lau H., and Lau S. The newsvendor problem with price-dependent demand distribution. IIE Transactions 20 2 (1988) 168-175
21. Lee E., and Staelin R. Vertical strategic interaction: Implications for channel pricing strategy. Marketing Science 16 3 (1997) 185-207
22. Liu Y., Fry M., and Raturi A. Vertically restrictive pricing in supply chains with price-dependent demand. Naval Research Logistics 53 6 (2006) 485-501
23. Marvel H.P., and Peck J. Demand uncertainty and return policies. International Economic Review 36 3 (1995) 691-714
24. Mills E.S. Uncertainty and price theory. The Quarterly Journal of Economics 73 1 (1959) 116-130
25. Monroe K.B. Pricing: Making Profitable Decisions (1990), McGraw-Hill, New York, NY
26. Pasternack B.A. Optimal pricing and the return policy for perishable commodities. Marketing Science 4 (1985) 166-176
27. Patented Medicine Prices Review Board (PMPRB), 2002. Verification of Foreign Patented Drug Prices, PMPRB Study Series S-0215.
28. Petruzzi N.C., and Dada M. Pricing and newsvendor problem: A review with extensions. Operations Research 47 2 (1999) 183-194
29. Raz, G., Porteus, E.L., 2003. Selling to the Newsvendor Under Endogenous Retail Pricing. Working Paper. Stanford University, Stanford, CA.
30. Rice Jr. J.B., and Hoppe R.M. Supply chain versus supply chain: The hype and the reality. Supply Chain Management Review 5 5 (2001) 46-55
31. Song, Y., Ray, S., Li, S., forthcoming. Structural properties of buy back contract for price-setting newsvendors. Manufacturing & Service Operations Management.
32. Srivastava J., Chakravarti D., and Rapoport A. Price and margin negotiation in marketing channels: An experimental study of sequential bargaining under one-sided uncertainty and opportunity cost of delay. Marketing Science 19 2 (2000) 163-184
33. Thowsen G.T. A dynamic, non-stationary inventory problem for a price/quantity setting firm. Naval Research Logistics Quarterly 22 3 (1975) 461-476
34. Tsay A.A., Nahmias S., and Agrawal N. Modeling supply chain contracts: A review. In: Tayur S., Ganeshan R., and Magazine M. (Eds). Quantitative Models for Supply Chain Management (1999), Kluwer Academic Publishers, Norwell, MA 299-336
35. Wang Y., Jiang L., and Shen Z. Channel performance under consignment contract with revenue sharing. Management Science 50 1 (2004) 34-47
36. Weng Z.K. Pricing and ordering strategies in manufacturing and distribution alliances. IIE Transactions 29 (1997) 681-692
37. Whitin T.M. Inventory control and price theory. Management Science 2 1 (1955) 61-68
38. Yano C.A., and Gilbert S.M. Coordinated pricing and production/procurement decisions: A review. In: Chakravarty A.K., and Eliashberg J. (Eds). Managing Business Interfaces: Marketing and Engineering Issues in the Supply Chain and Internet Domains (2005), Springer, New York, NY
39. Yao, L., Chen, Y., Yan, H., 2004. Analysis of a Supply Contract for Coordinating the Newsvendor with Price Dependent Demand. Working Paper. Chinese University of Hong Kong, ShaTin, Hong Kong.
40. Young L. Price, inventory and the structure of uncertain demand. New Zealand Operations Research 6 (1978) 157-177
41. Zabel E. Monopoly and uncertainty. Review of Economic Studies 37 2 (1970) 205-219
42. Zabel E. Multiperiod monopoly under uncertainty. Journal of Economic Theory 5 (1972) 524-536