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dc.contributor.authorRen, Jinyu
dc.contributor.authorXie, Hualong
dc.contributor.authorLiu, Yongxian
dc.contributor.authorZeng, Pengfei
dc.contributor.authorTao, Ze
dc.date.accessioned2015-05-26T15:19:08Z
dc.date.available2015-05-26T15:19:08Z
dc.date.issued2015-04
dc.identifier.citationRen, Jinyu [et al.]. Coordinating a multi-retailer decentralized distribution system with random demand based on buyback and compensation contracts. "Journal of Industrial Engineering and Management", Abril 2015, vol. 8, núm. 1, p. 203-216.
dc.identifier.issn2013-0953
dc.identifier.urihttp://hdl.handle.net/2099/16500
dc.description.abstractPurpose: The purpose of this paper is to set up the coordinating mechanism for a decentralized distribution system consisting of a manufacturer and multiple independent retailers by means of contracts. It is in the two-stage supply chain system that all retailers sell an identical product made by the manufacturer and determine their order quantities which directly affect the expected profit of the supply chain with random demand. Design/methodology/approach: First comparison of the optimal order quantities in the centralized and decentralized system shows that the supply chain needs coordination. Then the coordination model is given based on buyback cost and compensation benefit. Finally the coordination mechanism is set up in which the manufacturer as the leader uses a buyback policy to incentive these retailers and the retailers pay profit returns to compensate the manufacturer. Findings: The results of a numerical example show that the perfect supply chain coordination and the flexible allocation of the profit can be achieved in the multi-retailer supply chain by the buyback and compensation contracts. Research limitations: The results based on assumptions might not completely hold in practice and the paper only focuses on studying a single product in two-stage supply chain Practical implications: The coordination mechanism is applicable to a realistic supply chain under a private information setting and the research results is the foundation of further developing the coordination mechanism for a realistic multi-stage supply chain system with more products. Originality/value: This paper focused on studying the coordination mechanism for a decentralized multi-retailer supply chain by the joint application of the buyback and compensation contracts. Furthermore the perfect supply chain coordination and the flexible allocation of the profit are achieved.
dc.format.extent14 p.
dc.language.isoeng
dc.publisherOmniaScience
dc.rightsAttribution-NonCommercial 3.0 Spain
dc.rights.urihttp://creativecommons.org/licenses/by-nc/3.0/es/
dc.subjectÀrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d’operacions::Modelització de transports i logística
dc.subject.lcshBusiness logistics--Planning
dc.subject.lcshBusiness logistics--Management.
dc.subject.otherSupply chain management
dc.subject.otherCoordination model
dc.subject.otherCompensation
dc.subject.otherBuyback policy
dc.titleCoordinating a multi-retailer decentralized distribution system with random demand based on buyback and compensation contracts
dc.typeArticle
dc.subject.lemacLogística (Indústria) -- Gestió
dc.subject.lemacLogística (Indústria) -- Planificació
dc.identifier.dlB-28744-2008
dc.description.peerreviewedPeer Reviewed
dc.rights.accessOpen Access
local.citation.authorRen, Jinyu; Xie, Hualong; Liu, Yongxian; Zeng, Pengfei; Tao, Ze
local.citation.publicationNameJournal of Industrial Engineering and Management
local.citation.volume8
local.citation.number1
local.citation.startingPage203
local.citation.endingPage216


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Except where otherwise noted, content on this work is licensed under a Creative Commons license : Attribution-NonCommercial 3.0 Spain