Revenue Sharing Contract in Supply Chain with Bayesian and Censored Newsvendor

摘要：

This paper considers a finite-horizon supply chain of perishable goods with one supplier and one retailer. Retailer is censored newsvendor facing general parametric demand distributions, which are price-dependent and involves unknown parameter(s). Using a Bayesian Markov decision process formulation,we show that revenue sharing contracts can achieve channel coordination in the above system. This paper provides the set of contract parameters that coordinate the retailers action and point out that the parameters are independent on the retailers price policy and its action taken at each period. So it is convenient to use revenue sharing contracts to improve the performance of such supply chain.Based on numerical study, we compare the coordinated supply chain with that under the wholesale price contracts and show the former has better performance.

关键词： Supply chain Bayesian Markov decision processes Unknown demand Censored demand Revenue sharing contract.

作者: Daoping Wang Hongxia Su

作者单位: School of Economic & Management University of Science and Technology Beijing,P.R.China

会议类型: 国际会议

会议名称: 2007 Conference on Systems Science, Management Science and System Dynamics(第二届系统科学、管理科学与系统动力学国际会议)

会议地点: 上海

会议语种:英文

页码: 1855-1860

在线出版日期: 2007-10-19（万方平台首次上网日期，不代表论文的发表时间）