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Supply Chain Coordination Based on Differentiated Buyback Contract in the Presence of Customer Returns

In: Liss 2023

Author

Listed:
  • Xingyu Chen

    (Sichuan Agricultural University)

  • Chong Wang

    (Sichuan Agricultural University)

  • Yujia Bai

    (Sichuan Agricultural University)

Abstract

This study addresses the increasing frequency of customer returns and its impact on decision-making and profitability in a supply chain with a single supplier and retailer. It proposes a unique buyback contract that includes different prices for unsold and returned products. The focus is on decentralized decision-making models. The results indicate that the retailer’s order quantity and profit are positively correlated with the buyback prices and negatively correlated with the return rate. The supplier’s profit decreases as the buyback price for unsold products increases, but increases with a higher penalty factor. The optimal buyback price for returned products is set at the salvage value of the product to maximize profitability.

Suggested Citation

  • Xingyu Chen & Chong Wang & Yujia Bai, 2024. "Supply Chain Coordination Based on Differentiated Buyback Contract in the Presence of Customer Returns," Lecture Notes in Operations Research, in: Daqing Gong & Yixuan Ma & Xiaowen Fu & Juliang Zhang & Xiaopu Shang (ed.), Liss 2023, pages 115-126, Springer.
    • Handle: RePEc:spr:lnopch:978-981-97-4045-1_10
    DOI: 10.1007/978-981-97-4045-1_10
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