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Article: Demand uncertainty and returns policies for a seasonal product: An alternative model

TitleDemand uncertainty and returns policies for a seasonal product: An alternative model
Authors
KeywordsDemand Uncertainty
Newsboy Problem
Pricing
Returns Policy
Supply-Chain Interaction
Issue Date2000
PublisherElsevier 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?
AbstractMarvel 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 Identifierhttp://hdl.handle.net/10722/177827
ISSN
2015 Impact Factor: 2.782
2015 SCImago Journal Rankings: 2.749
References

 

DC FieldValueLanguage
dc.contributor.authorLau, AHLen_US
dc.contributor.authorLau, HSen_US
dc.contributor.authorWillett, KDen_US
dc.date.accessioned2012-12-19T09:40:29Z-
dc.date.available2012-12-19T09:40:29Z-
dc.date.issued2000en_US
dc.identifier.citationInternational Journal Of Production Economics, 2000, v. 66 n. 1, p. 1-12en_US
dc.identifier.issn0925-5273en_US
dc.identifier.urihttp://hdl.handle.net/10722/177827-
dc.description.abstractMarvel 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.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ijpeen_US
dc.relation.ispartofInternational Journal of Production Economicsen_US
dc.subjectDemand Uncertaintyen_US
dc.subjectNewsboy Problemen_US
dc.subjectPricingen_US
dc.subjectReturns Policyen_US
dc.subjectSupply-Chain Interactionen_US
dc.titleDemand uncertainty and returns policies for a seasonal product: An alternative modelen_US
dc.typeArticleen_US
dc.identifier.emailLau, AHL: ahlau@business.hku.hken_US
dc.identifier.authorityLau, AHL=rp01072en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1016/S0925-5273(99)00084-5-
dc.identifier.scopuseid_2-s2.0-0011112622en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0011112622&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume66en_US
dc.identifier.issue1en_US
dc.identifier.spage1en_US
dc.identifier.epage12en_US
dc.publisher.placeNetherlandsen_US
dc.identifier.scopusauthoridLau, AHL=7202626080en_US
dc.identifier.scopusauthoridLau, HS=7201497264en_US
dc.identifier.scopusauthoridWillett, KD=55411815600en_US

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