Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
482055 | European Journal of Operational Research | 2007 | 18 Pages |
Abstract
In contrast to the existing return policies literature assuming that information is symmetrical between the manufacturer and the retailer, we study the full returns policy’s impact on supply chains with information asymmetry. We first study the case that the base level of the demand follows a discrete distribution with two states. We find that the retailer benefits from the full returns policy in all circumstances, while the manufacturer and the supply chain are better off under some conditions. We then consider the situation in which the base level of the demand is a type of AR(1) process.
Keywords
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Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Xiaohang Yue, Srinivasan Raghunathan,