The Optimal Return Contract for manufacturers under Conditional Value at Risk

• Main Authors: Hsiang-Ming Liao, 廖詳銘
• Other Authors: Dr. Shih-Liang Chen
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/08879020036894855956

碩士 === 國立彰化師範大學 === 企業管理學系 === 99 === Extension of the current environment and considerable attention for the concept of risk, supply chain risk into account in the same, currently the most popular risk measure value at risk for the financial condition (Conditional Value at Risk, CVaR). Products manufacturing and wholesale exists the situation, depends on the two sides signed return contract), the overall cost and profit to achieve win-win situation. Return contract is divided into two categories, one for retailers and consumers between the return contract, and the other for the retailer and manufacturer returns between the contract value at risk by the conditions of risk aversion inferred retailers and the wholesale price under the repurchase Price order quantity should be formed to coordinate the whole supply chain, making the profit maximization. In this study, a mathematical model to solve the above problem under risk aversion, models derived risk aversion to solve the case of retailers the optimal order quantity, wholesale price and the return price of the relationship which be set the uniform distribution as the basis of numerical analysis will solve using formula. Numerical analysis shows that most manufacturers give retailers a full return to buy back the contract, and the higher the degree of risk aversion when the retailer, the formation of the full price of the situation returns to attract retailers increasing the amount of product. The other hand, when the retailer lower level of risk aversion, increasing order quantity limited. Manufacturers to provide a full return price of the contract, retailers can increase the order quantity, pushing up the overall supply chain and sales channels to enhance the role of real profits