Optimal returns policy for supply chain with e-marketplace
Journal
International Journal of Production Economics
Journal Volume
88
Journal Issue
2
Pages
205-227
Date Issued
2004
Author(s)
Abstract
We study in this paper a supply chain which is integrated by a returns policy. In the past, owing to a lack of sales channels, the returned products would worth very little. Now, with the advance of the e-commerce, the returned products can be sold with a higher price on the e-marketplace. In light of this, we first investigate the optimal returns policy under the existence of the e-marketplace. Through a mean-variance analysis, we further study the risk issue associated with the optimal policy. Extensive simulations are then carried out and the managerial insights are discussed. ? 2003 Elsevier B.V. All rights reserved.
Subjects
E-marketplace; Mean-variance theory; Returns policy; Risk management; Supply chain management
Other Subjects
Computer simulation; Cost effectiveness; Integral equations; Marketing; Operations research; Public policy; Risk management; E-marketplaces; Mean-variance theory; Returns policy; Supply chain management; Electronic commerce
Type
conference paper