Residential College | false |
Status | 已發表Published |
Analysis of a quantity-flexibility supply contract with postponement strategy | |
Zhen Li1; Zhaotong Lian1; Wenhui Zhou2 | |
2010 | |
Conference Name | 2010 IEEE International Conference on Management of Innovation & Technology |
Source Publication | 2010 IEEE International Conference on Management of Innovation & Technology |
Conference Date | 2010-06 |
Conference Place | Singapore, Singapore |
Abstract | This paper studies a supply contract between a manufacturer and a retailer in the cosmetics industry under which a retailer receives discounts for committing to purchase products before the point of differentiation. The retailer can adjust the order quantities after the trial period based on updated demand forecast information and inventory status by paying a higher per-unit cost for the incremental units or giving up the deposit. Such contracts are popular in the cosmetics industry based on fast-moving consumer goods. Given the manufacturer’s price structure, we first develop a two-period dynamic programming model to the optimal replenishment strategy for the retailer. We then further derive the quantity of the common material for the manufacturer satisfying a certain service level. Numerical results show difference in material quantities with and without using postponement strategy. |
Keyword | Supply Contract Inventory Postponement Material Commonality Dynamic Programming |
DOI | 10.1109/ICMIT.2010.5492751 |
Language | 英語English |
Scopus ID | 2-s2.0-77954892342 |
Fulltext Access | |
Citation statistics | |
Document Type | Conference paper |
Collection | DEPARTMENT OF ACCOUNTING AND INFORMATION MANAGEMENT University of Macau |
Affiliation | 1.Faculty of Business Administration, University of Macau 2.School of Business Administration, South China University of Technology |
First Author Affilication | Faculty of Business Administration |
Recommended Citation GB/T 7714 | Zhen Li,Zhaotong Lian,Wenhui Zhou. Analysis of a quantity-flexibility supply contract with postponement strategy[C], 2010. |
APA | Zhen Li., Zhaotong Lian., & Wenhui Zhou (2010). Analysis of a quantity-flexibility supply contract with postponement strategy. 2010 IEEE International Conference on Management of Innovation & Technology. |
Files in This Item: | There are no files associated with this item. |
Items in the repository are protected by copyright, with all rights reserved, unless otherwise indicated.
Edit Comment