Inventory and coordination issues with two substitutable products

Simple item page
dc.citation.epage551en_US
dc.citation.issueNumber3en_US
dc.citation.spage539en_US
dc.citation.volumeNumber34en_US
dc.contributor.authorGürler, Ü.en_US
dc.contributor.authorYılmaz, A.en_US
dc.date.accessioned2015-07-28T11:58:54Z
dc.date.available2015-07-28T11:58:54Z
dc.date.issued2010-03en_US
dc.departmentDepartment of Industrial Engineeringen_US
dc.description.abstractThis study considers a two level supply chain in a newsboy setting with two substitutable products. Demands for the two products are assumed independent as long as both are available. If, however, a product stocks out, some of its demand is transferred to the available one with a known probability which ultimately creates a dependence on the amount of purchased items. The retailer is allowed to return some or all of the unsold products to the manufacturer with some credit. The expected chain profit, the retailer’s and the manufacturer’s profit expressions are derived under general conditions. Special cases are inspected to investigate the conditions under which channel coordination is achieved. It is demonstrated that channel coordination can not be achieved if unlimited returns are allowed with full credit, a result that agrees with the findings of Pasternak [B.A. Pasternack, Optimal pricing and return policies for perishable commodities, Market. Sci. 4 (1985) 166– 176] for the single item case. For the cases of unlimited returns with partial credit, the conditions for coordination are derived for one way full substitutions. For exponential demand explicit expressions for the channel and retailer’s expected profit functions are provided.en_US
dc.description.provenanceMade available in DSpace on 2015-07-28T11:58:54Z (GMT). No. of bitstreams: 1 10.1016-j.apm.2009.06.030.pdf: 628310 bytes, checksum: d4040950572a72232ecd44853bbdc2cd (MD5)en
dc.identifier.doi10.1016/j.apm.2009.06.030en_US
dc.identifier.eissn1872-8480
dc.identifier.issn0307-904X
dc.identifier.urihttp://hdl.handle.net/11693/11821
dc.language.isoEnglishen_US
dc.publisherElsevieren_US
dc.relation.isversionofhttp://dx.doi.org/10.1016/j.apm.2009.06.030en_US
dc.source.titleApplied Mathematical Modellingen_US
dc.subjectSubstitutionen_US
dc.subjectReturn Contractsen_US
dc.subjectCoordinationen_US
dc.titleInventory and coordination issues with two substitutable productsen_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Inventory_and_coordination_issues_with_two_substitutable_products.pdf
Size:
613.58 KB
Format:
Adobe Portable Document Format
Description:
Full printable version
Download

Collections

Scholarly Publications - Industrial Engineering