Optimal returns policy for supply chain with e-marketplace

被引:88
作者
Choi, TM [1 ]
Li, D [1 ]
Yan, HM [1 ]
机构
[1] Chinese Univ Hong Kong, Dept Syst Engn & Engn Management, Shatin, Hong Kong, Peoples R China
关键词
supply chain management; e-marketplace; returns policy; risk management; mean-variance theory;
D O I
10.1016/S0925-5273(03)00188-9
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
We study in this paper a supply chain which is integrated by a returns policy. In the past, owing to a lack of sales channels, the returned products would worth very little. Now, with the advance of the e-commerce, the returned products can be sold with a higher price on the e-marketplace. In light of this, we first investigate the optimal returns policy under the existence of the e-marketplace. Through a mean-variance analysis, we further study the risk issue associated with the optimal policy. Extensive simulations are then carried out and the managerial insights are discussed. (C) 2003 Elsevier B.V. All rights reserved.
引用
收藏
页码:205 / 227
页数:23
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