英文摘要 |
Competitive perishable items frequently face such sizably volatile market demand that retailer profitability is frequently unfavorably impacted. Accordingly, suppliers have presently created various policies, which are primarily based on carrying out channel coordination and risk sharing, to serve as effective instruments to ease the risk of demand uncertainty and thus potentially help improve overall channel benefits. One such policy is for suppliers to make commitments to retailers to permit limited returns and provide a limited backup inventory to incentivize retailers to place more orders in return. This coordinated policy is especially valuable and necessary for perishable items because the salvage value remaining on unsold units is often trivial. To this end, this study extends a classical newsvendor model to incorporate the limited returns and backup policy for a given perishable item with lognormal stochastic demand. Following a comprehensive deduction, an effective and practical ordering model is finally developed to optimize order quantity and maximize retailer expected profits. By means of a numerical example, this study demonstrates the workability and effectiveness of the developed optimal ordering model. |