Store-Assistance Management for a Supply Chain with Consumer Return under Consignment Contract

Store-Assistance Management for a Supply Chain with Consumer Return under Consignment Contract

In this paper, the strategy problems of pricing and store-assistance service investment are investigated for a supply chain with consumer return, where the considered supply chain under consignment contract consists of a single manufacturer and a single retailer. Firstly, we use differential equatio...

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Main Authors: Zhihui Wu, Dongyan Chen, Hui Yu
Format: Article
Language:English
Published: Hindawi Limited 2017-01-01
Series:Mathematical Problems in Engineering
Online Access:http://dx.doi.org/10.1155/2017/4937217
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spelling doaj-81566c7203764e419ae2523e0c8d41a62020-11-24T22:15:21ZengHindawi LimitedMathematical Problems in Engineering1024-123X1563-51472017-01-01201710.1155/2017/49372174937217Store-Assistance Management for a Supply Chain with Consumer Return under Consignment ContractZhihui Wu0Dongyan Chen1Hui Yu2School of Management, Harbin University of Science and Technology, Harbin 150080, ChinaSchool of Management, Harbin University of Science and Technology, Harbin 150080, ChinaSchool of Management, Harbin University of Science and Technology, Harbin 150080, ChinaIn this paper, the strategy problems of pricing and store-assistance service investment are investigated for a supply chain with consumer return, where the considered supply chain under consignment contract consists of a single manufacturer and a single retailer. Firstly, we use differential equation to model the evolution of store-assistance service level and depict the effect of store-assistance service level on the return rate. By applying two-stage game, both optimal pricing and store-assistance service strategies are obtained based on the presented optimal control model. Subsequently, the committed dynamic consignment price contract is designed to coordinate and improve the performance of supply chain. Finally, a numerical example is provided to illustrate the impacts of the effectiveness of store-assistance service level and decay rate on the feasible region of corresponding contract.http://dx.doi.org/10.1155/2017/4937217
collection DOAJ
language English
format Article
sources DOAJ
author Zhihui Wu
Dongyan Chen
Hui Yu
spellingShingle Zhihui Wu
Dongyan Chen
Hui Yu
Store-Assistance Management for a Supply Chain with Consumer Return under Consignment Contract
Mathematical Problems in Engineering
author_facet Zhihui Wu
Dongyan Chen
Hui Yu
author_sort Zhihui Wu
title Store-Assistance Management for a Supply Chain with Consumer Return under Consignment Contract
title_short Store-Assistance Management for a Supply Chain with Consumer Return under Consignment Contract
title_full Store-Assistance Management for a Supply Chain with Consumer Return under Consignment Contract
title_fullStr Store-Assistance Management for a Supply Chain with Consumer Return under Consignment Contract
title_full_unstemmed Store-Assistance Management for a Supply Chain with Consumer Return under Consignment Contract
title_sort store-assistance management for a supply chain with consumer return under consignment contract
publisher Hindawi Limited
series Mathematical Problems in Engineering
issn 1024-123X
1563-5147
publishDate 2017-01-01
description In this paper, the strategy problems of pricing and store-assistance service investment are investigated for a supply chain with consumer return, where the considered supply chain under consignment contract consists of a single manufacturer and a single retailer. Firstly, we use differential equation to model the evolution of store-assistance service level and depict the effect of store-assistance service level on the return rate. By applying two-stage game, both optimal pricing and store-assistance service strategies are obtained based on the presented optimal control model. Subsequently, the committed dynamic consignment price contract is designed to coordinate and improve the performance of supply chain. Finally, a numerical example is provided to illustrate the impacts of the effectiveness of store-assistance service level and decay rate on the feasible region of corresponding contract.
url http://dx.doi.org/10.1155/2017/4937217
work_keys_str_mv AT zhihuiwu storeassistancemanagementforasupplychainwithconsumerreturnunderconsignmentcontract
AT dongyanchen storeassistancemanagementforasupplychainwithconsumerreturnunderconsignmentcontract
AT huiyu storeassistancemanagementforasupplychainwithconsumerreturnunderconsignmentcontract
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