Optimal Ordering Decisions of a Crop Seed Supply Chain with Different Contracts

10.6186/IJIMS.2010.21.3.6

Bin Liu；Rong Zhang；Yun-He Hou；Mei-Dan Xiao

Crop Seed Supply Chain ； Inventory Decision ； Return Option ； Return Policy ； Contract

International Journal of Information and Management Sciences

21：3（2010 / 09 / 01）

331 - 342

英文

This paper deals with the issue of inventory decision making in a crop seed supply chain that consists of one seed supplier and one seed retailer. First, the paper introduces three models, namely, no-allowing-return model, the partial return with wholesale price (PRW) model, and the partial return with wholesale price and return option fee (PRWO) model, and each depicting a particular type of retailer's ordering policy. These models are analyzed with the comparison mode and using some numerical examples to simulate them. The PRW policy, applied by present suppliers, cannot ensure channel coordination, whereas the PRWO policy can do so and can arbitrarily allocate the coordination profit to the agents on the supply chain.

1. Zheng, Hui,Liu, Jicheng,Wang, Wei(2010).Supply chain coordination for fuzzy newsboy problem with imperfect quality.International Journal of Information and Management Sciences,21(2),157-175.
   連結：
2. Ding, Ding,Chen, Jian(2002).Research on return polices in a three level supply chain in global supply chain management.Proceedings of International Conference on Global Supply Chain Management,Beijing:
3. Gao, Rongyi(2002).Crop Seed.Sci-tech press of China.
4. Graves, Steve(Ed.),de Kok, Ton(Ed.)(2004).handbooks in operations research and management science: supply chain management.North-Holland.
5. Hou, Yunxian,Han, Bing(2006).Game analysis on Further Production of crop supply chain.Agricultural system science and integrated research,22(4),245-247.
6. Kodama, M.(1995).Probabilistic single period inventory model with partial returns and additional order.Computers and industrial engineering,29(3),455-459.
7. Liu, Bin,Chen, Jian,Liu, Sifeng(2006).Supply Chain Coordination with a combined contract for a short-life-cycle product.IEEE Transaction on System, Man and Cybernetics, Part A: Systems and Humans,36(1),53-61.
8. Liu, Bin,Chen, Jian,Liu, Sifeng(2005).Supply chain coordination with quantity discounts under uncertain demand.Proceedings of 2005 IEEE International Conference on Networking, Sensing and Control,New York:
9. Pasternack, B. A.(1985).Optimal pricing and return policies for perishable commodities.Marketing Science,4(2),166-176.
10. Samuel, Burer,Philip, C. Jonesa,Timothy, J. Lowea(2008).Coordinating the supply chain in the agricultural seed industry.European Journal of Operational Research,185(1),354-377.
11. Tsay, A. A.(2001).Managing retail channel overstock: markdown money and return policies.Journal of Retailing,77(3),451-492.
12. Wang, C. X.(2002).A general framework of supply chain contract models.Decision Sciences Institute Annual Meeting Proceedings,San Diego, CA:
13. Yan, Xiaoming,Liu, Ke(2009).An analysis of pricing power allocation in supply chains of random yield and random demand.International Journal of Information and Management Sciences,20(3),415-433.
14. Zhou, Yongwu,Yang, Shanlin(2008).Pricing coordination in supply chains through revenue sharing contracts.International Journal of Information and Management Sciences,19(1),31-51.