Table of Contents Author Guidelines Submit a Manuscript
Mathematical Problems in Engineering
Volume 2013, Article ID 308187, 11 pages
http://dx.doi.org/10.1155/2013/308187
Research Article

Coordination Scheme for Restructuring Business Operation of the Single Period Newsvendor Problem

Department of Industrial Engineering and Management, Yuan-Ze University, 135 Yuan-Tung Road, Chung-Li 320, Taiwan

Received 3 July 2013; Revised 13 September 2013; Accepted 27 September 2013

Academic Editor: Yi-Chung Hu

Copyright © 2013 Chiuh-Cheng Chyu and I-Ping Huang. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Linked References

  1. I. Giannoccaro and P. Pontrandolfo, “Supply chain coordination by revenue sharing contracts,” International Journal of Production Economics, vol. 89, no. 2, pp. 131–139, 2004. View at Publisher · View at Google Scholar · View at Scopus
  2. F. Bernstein and A. Federgruen, “Pricing and replenishment strategies in a distribution system with competing retailers,” Operations Research, vol. 51, no. 3, pp. 409–426, 2003. View at Publisher · View at Google Scholar · View at Scopus
  3. G. P. Cachon, “The allocation of inventory risk in a supply chain: push, pull, and advance-purchase discount contracts,” Management Science, vol. 50, no. 2, pp. 222–238, 2004. View at Google Scholar · View at Scopus
  4. Y. Wang, L. Jiang, and Z.-J. Shen, “Channel performance under consignment contract with revenue sharing,” Management Science, vol. 50, no. 1, pp. 34–47, 2004. View at Google Scholar · View at Scopus
  5. M. K. Mantrala and S. Rao, “A decision-support system that helps retailers decide order quantities and markdowns for fashion good,” Interfaces, vol. 31, no. 3, pp. 146–165, 2001. View at Google Scholar
  6. S. J. Whang, “Markdown competition,” in Retail Supply Chain Management, N. Aggrawal and S. A. Smith, Eds., pp. 1–15, Springer, Berlin, Germany, 2009. View at Google Scholar
  7. R. Yin, Y. Aviv, A. Pazgal, and C. S. Tang, “Optimal markdown pricing: implications of inventory display formats in the presence of strategic customers,” Management Science, vol. 55, no. 8, pp. 1391–1408, 2009. View at Publisher · View at Google Scholar · View at Scopus
  8. B. Shen, T. M. Choi, Y. Wang, and K. Y. Lo, “The coordination of fashion supply chains with a risk-averse supplier under the markdown money policy,” IEEE Transactions on Systems, Man and Cybernetics: Systems, vol. 43, no. 2, pp. 266–276, 2013. View at Google Scholar
  9. H. Emmons and S. M. Gilbert, “Note. The role of returns policies in pricing and inventory decisions for catalogue goods,” Management Science, vol. 44, no. 2, pp. 276–283, 1998. View at Google Scholar · View at Scopus
  10. A. H.-L. Lau, H.-S. Lau, and K. D. Willett, “Demand uncertainty and returns policies for a seasonal product: an alternative model,” International Journal of Production Economics, vol. 66, no. 1, pp. 1–12, 2000. View at Google Scholar · View at Scopus
  11. T.-M. Choi, D. Li, and H. Yan, “Mean-variance analysis of a single supplier and retailer supply chain under a returns policy,” European Journal of Operational Research, vol. 184, no. 1, pp. 356–376, 2008. View at Publisher · View at Google Scholar · View at MathSciNet · View at Scopus
  12. T. A. Taylor, “Supply chain coordination under channel rebates with sales effort effects,” Management Science, vol. 48, no. 8, pp. 992–1007, 2002. View at Google Scholar · View at Scopus
  13. C.-H. Chiu, T.-M. Choi, H.-T. Yan, and Y. Zhao, “Sales rebate contracts in fashion supply chains,” Mathematical Problems in Engineering, vol. 2012, Article ID 908408, 19 pages, 2012. View at Publisher · View at Google Scholar
  14. J. V. Jucker and M. J. Rosenblatt, “Single-period inventory models with demand uncertainty and quantity discounts: behavioral implications and a new solution procedure,” Naval Research Logistics Quarterly, vol. 32, no. 4, pp. 537–550, 1985. View at Publisher · View at Google Scholar · View at MathSciNet
  15. C.-S. Lin and D. E. Kroll, “The single-item newsboy problem with dual performance measures and quantity discounts,” European Journal of Operational Research, vol. 100, no. 3, pp. 562–565, 1997. View at Google Scholar · View at Scopus
  16. G. P. Cachon and M. A. Lariviere, “Supply chain coordination with revenue-sharing contracts: strengths and limitations,” Management Science, vol. 51, no. 1, pp. 30–44, 2005. View at Publisher · View at Google Scholar · View at Scopus
  17. M. Xu, Q. Wang, and L. Ouyang, “Coordinating contracts for two-stage fashion supply chain with risk-averse retailer and price-dependent demand,” Mathematical Problems in Engineering, vol. 2013, Article ID 259164, 12 pages, 2013. View at Publisher · View at Google Scholar · View at MathSciNet
  18. C. J. Corbett, D. Zhou, and C. S. Tang, “Designing supply contracts: vontract type and information asymmetry,” Management Science, vol. 50, no. 4, pp. 550–559, 2004. View at Google Scholar · View at Scopus
  19. J. Ru and Y. Wang, “Consignment contracting: who should control inventory in the supply chain?” European Journal of Operational Research, vol. 201, no. 3, pp. 760–769, 2010. View at Publisher · View at Google Scholar · View at Scopus
  20. A. A. Tsay, “The quantity flexibility contract and supplier-customer incentives,” Management Science, vol. 45, no. 10, pp. 1339–1358, 1999. View at Google Scholar · View at Scopus
  21. F. Y. Chen, H. Yan, and L. Yao, “A newsvendor pricing game,” IEEE Transactions on Systems, Man, and Cybernetics Part A, vol. 34, no. 4, pp. 450–456, 2004. View at Publisher · View at Google Scholar · View at Scopus
  22. F. J. Arcelus, S. Kumar, and G. Srinivasan, “Pricing, rebate, advertising and ordering policies of a retailer facing price-dependent stochastic demand in newsvendor framework under different risk preferences,” International Transactions in Operational Research, vol. 13, no. 3, pp. 209–227, 2006. View at Publisher · View at Google Scholar · View at MathSciNet
  23. J.-Y. Gotoh and Y. Takano, “Newsvendor solutions via conditional value-at-risk minimization,” European Journal of Operational Research, vol. 179, no. 1, pp. 80–96, 2007. View at Publisher · View at Google Scholar · View at Scopus
  24. Y. Qin, R. Wang, A. J. Vakharia, Y. Chen, and M. M. H. Seref, “The newsvendor problem: review and directions for future research,” European Journal of Operational Research, vol. 213, no. 2, pp. 361–374, 2011. View at Publisher · View at Google Scholar · View at MathSciNet · View at Scopus
  25. E. A. Silver, D. F. Pyke, and R. Peterson, Inventory Management and Production Planning and Scheduling, John Wiley & Sons, New York, NY, USA, 1998.
  26. G. Gallego and I. Moon, “Distribution free newsboy problem: review and extensions,” Journal of the Operational Research Society, vol. 44, no. 8, pp. 825–834, 1993. View at Google Scholar · View at Scopus
  27. K. Pan, K. K. Lai, S. C. H. Leung, and D. Xiao, “Revenue-sharing versus wholesale price mechanisms under different channel power structures,” European Journal of Operational Research, vol. 203, no. 2, pp. 532–538, 2010. View at Publisher · View at Google Scholar · View at Scopus
  28. C.-H. Wang, “The impact of a free-repair warranty policy on EMQ model for imperfect production systems,” Computers and Operations Research, vol. 31, no. 12, pp. 2021–2035, 2004. View at Publisher · View at Google Scholar · View at Scopus
  29. J. A. A. van der Veen and V. Venugopal, “Using revenue sharing to create win-win in the video rental supply chain,” Journal of the Operational Research Society, vol. 56, no. 7, pp. 757–762, 2005. View at Publisher · View at Google Scholar · View at Scopus
  30. C. Koulamas, “A newsvendor problem with revenue sharing and channel coordination,” Decision Sciences, vol. 37, no. 1, pp. 91–100, 2006. View at Publisher · View at Google Scholar · View at Scopus
  31. S. Li, Z. Zhu, and L. Huang, “Supply chain coordination and decision making under consignment contract with revenue sharing,” International Journal of Production Economics, vol. 120, no. 1, pp. 88–99, 2009. View at Publisher · View at Google Scholar · View at Scopus
  32. C. T. Linh and Y. Hong, “Channel coordination through a revenue sharing contract in a two-period newsboy problem,” European Journal of Operational Research, vol. 198, no. 3, pp. 822–829, 2009. View at Publisher · View at Google Scholar · View at Scopus
  33. R. T. Clemen and T. Reilly, Making Hard Decisions, Duxbury, Singapore, 2001.
  34. M. Khouja, “The single-period (news-vendor) problem: literature review and suggestions for future research,” Omega, vol. 27, no. 5, pp. 537–553, 1999. View at Publisher · View at Google Scholar · View at Scopus
  35. P. McNamee and J. Celona, Decision Analysis for the Professional with Super Tree, Scientific Press, Redwod City, Calif, USA, 1987.