How to Implement Return Policies in a Two-Echelon Supply Chain?

We integrate a retailer's return policy and a supplier's buyback policy within a modeling framework. In this setting, consumers decide whether to buy and then whether to return the product, the retailer sets the retail price, quantity, and refund price, and the supplier chooses the wholesa...

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Bibliographic Details
Main Authors: Wei Hu, Jianbin Li
Format: Article
Language:English
Published: Hindawi Limited 2012-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2012/453193