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Article: Demand uncertainty and returns policies for a seasonal product: An alternative model
Title | Demand uncertainty and returns policies for a seasonal product: An alternative model |
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Authors | |
Keywords | Demand Uncertainty Newsboy Problem Pricing Returns Policy Supply-Chain Interaction |
Issue Date | 2000 |
Publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ijpe |
Citation | International Journal Of Production Economics, 2000, v. 66 n. 1, p. 1-12 How to Cite? |
Abstract | Marvel and Peck [International Economic Review 36 (1995) 691-714] considered the following seasonal-product problem: A manufacturer sets wholesale price ($p w/unit) and return credit ($r/unit); the retailer then sets retailer price ($p R/unit) and order quantity (Q). How should the manufacturer set p w and r? Demand uncertainty consists of two components: "valuation" and "customers' arrivals". Our more realistic models reveal effects unobservable from Marvel-Peck's. E.g.: (i) Setting r > 0 benefits the manufacturer much more than the retailer, (ii) "Valuation" (but not "customer-arrival") uncertainty is imperative for the retailer; without it, the manufacturer can set p w and r such that he reaps most of the profits. © 2000 Elsevier Science B.V. All rights reserved. |
Persistent Identifier | http://hdl.handle.net/10722/177827 |
ISSN | 2023 Impact Factor: 9.8 2023 SCImago Journal Rankings: 3.074 |
References |
DC Field | Value | Language |
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dc.contributor.author | Lau, AHL | en_US |
dc.contributor.author | Lau, HS | en_US |
dc.contributor.author | Willett, KD | en_US |
dc.date.accessioned | 2012-12-19T09:40:29Z | - |
dc.date.available | 2012-12-19T09:40:29Z | - |
dc.date.issued | 2000 | en_US |
dc.identifier.citation | International Journal Of Production Economics, 2000, v. 66 n. 1, p. 1-12 | en_US |
dc.identifier.issn | 0925-5273 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/177827 | - |
dc.description.abstract | Marvel and Peck [International Economic Review 36 (1995) 691-714] considered the following seasonal-product problem: A manufacturer sets wholesale price ($p w/unit) and return credit ($r/unit); the retailer then sets retailer price ($p R/unit) and order quantity (Q). How should the manufacturer set p w and r? Demand uncertainty consists of two components: "valuation" and "customers' arrivals". Our more realistic models reveal effects unobservable from Marvel-Peck's. E.g.: (i) Setting r > 0 benefits the manufacturer much more than the retailer, (ii) "Valuation" (but not "customer-arrival") uncertainty is imperative for the retailer; without it, the manufacturer can set p w and r such that he reaps most of the profits. © 2000 Elsevier Science B.V. All rights reserved. | en_US |
dc.language | eng | en_US |
dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ijpe | en_US |
dc.relation.ispartof | International Journal of Production Economics | en_US |
dc.subject | Demand Uncertainty | en_US |
dc.subject | Newsboy Problem | en_US |
dc.subject | Pricing | en_US |
dc.subject | Returns Policy | en_US |
dc.subject | Supply-Chain Interaction | en_US |
dc.title | Demand uncertainty and returns policies for a seasonal product: An alternative model | en_US |
dc.type | Article | en_US |
dc.identifier.email | Lau, AHL: ahlau@business.hku.hk | en_US |
dc.identifier.authority | Lau, AHL=rp01072 | en_US |
dc.description.nature | link_to_subscribed_fulltext | en_US |
dc.identifier.doi | 10.1016/S0925-5273(99)00084-5 | - |
dc.identifier.scopus | eid_2-s2.0-0011112622 | en_US |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-0011112622&selection=ref&src=s&origin=recordpage | en_US |
dc.identifier.volume | 66 | en_US |
dc.identifier.issue | 1 | en_US |
dc.identifier.spage | 1 | en_US |
dc.identifier.epage | 12 | en_US |
dc.publisher.place | Netherlands | en_US |
dc.identifier.scopusauthorid | Lau, AHL=7202626080 | en_US |
dc.identifier.scopusauthorid | Lau, HS=7201497264 | en_US |
dc.identifier.scopusauthorid | Willett, KD=55411815600 | en_US |
dc.identifier.issnl | 0925-5273 | - |