Optimal pricing and order policies with B2B product returns for fashion products
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AbstractWe study optimal pricing and order policies in supply chain management of fashion products (e.g.; a fashion apparel category) with consideration of product returns between supply chain partners (B2B). In order to study channel performance and optimal policies, two stochastic models for centralized channel and decentralized channel are, respectively, developed to handle new fashion and off-season product sales. In the centralized channel, closed-form solutions for optimal order and pricing decisions are proposed for new fashion products. Further, in a decentralized channel, the Stackelberg game model is proposed to derive the optimal Stackelberg equilibrium solution, and then a buy-back contract is designed to coordinate the channel. We also perform parameter analysis on performance of the two channel models. Numerical analysis is finally presented to validate our theoretical results and compare channel performances. © 2011 Elsevier B.V. All Rights Reserved.
All Author(s) ListLi Y., Wei C., Cai X.
Journal nameInternational Journal of Production Economics
Detailed descriptionIssue 2.
Year2012
Month2
Day1
Volume Number135
Issue Number2
PublisherElsevier BV
Place of PublicationNetherlands
Pages637 - 646
ISSN0925-5273
eISSN1873-7579
LanguagesEnglish-United Kingdom
KeywordsFashion product, Product returns, Supply chain channel

Last updated on 2021-15-09 at 04:50