Analysis of Buy-back Contract in Perishable Products Supply Chain with Bidirectional Options
This paper explores the application of bidirectional options in buy-back contract in perishable products supply chain, with high demand uncertainties, long producing lead-times and short selling period. Develops a single manufacturer-retailer two-stage buy-back contract with bidirectional options, analyzes the decision process of the retailer and obtains the retailers optimal order policy. Based on it, compares the three kinds of contract: buy-back contract without options, buy-back contract with bidirectional options, bidirectional options contract without buy-back, finds out that the buy-back price only contributes to the quantity of bidirectional options purchased, but not to the quantity of initial order, the manufacturer uses buy-back to increase the retailers total order quantity of products and the retailer will increase the quantity of initial order when bring bidirectional options into the contract whether with or without buy-back.
perishable products supply chain bidirectional options buy-back contract
Cunlu Zhang Xiaojing Zhang Zhixin Chen
School of Management Xiamen University Xiamen, 361005, China Beijing University of Civil Engineering and Architecture Beijing, 100044, China
国际会议
成都
英文
522-526
2010-07-09（万方平台首次上网日期，不代表论文的发表时间）