英文摘要 |
This study addresses a decentralized supply chain whereby a manufacturer supplies two substitutable items to a retailer who sells the two items in a stock-level dependent demand market, considering the effects of product substitution and inventory demand stimulation. To operate the chain as a centralized supply chain, the manufacturer engages in a contractual commitment that not only offers the two cheaper wholesale prices but also accepts all unsold products at the end of the selling period. The objective is to coordinate the chain and create a win-win situation by means of jointly determining the two optimal order quantities, negotiating the two wholesale prices and setting the two buyback prices. To this end, a range of the two wholesale prices and a range of the two buyback prices to ensure the contract Pareto-efficiency are presented. Many managerial insights regarding the product substitution and the inventory demand stimulation are observed thereafter. |