Designing Buyback Contracts for Irrational But Predictable Newsvendors
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چکیده
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منابع مشابه
Structural Properties of Buyback Contracts for Price-Setting Newsvendors
This paper studies a buyback contract in the Stackelberg framework of a manufacturer (leader) selling to a price-setting, newsvendor retailer (follower). Using an analytical model that focuses on a multiplicative demand form, we generalize previous results and produce new structural insights. A novel transformation technique first enables us to establish the unimodality of the profit functions ...
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development of the oil industry requires the development of technology, and one of the contractual benefits in the upstream part of the oil industry is related to this. Realization and strengthening of technological learning in this industry can be considered as one of the most important dimensions of development in it. question of the present study is, first of all, what are the factors affect...
متن کاملComparison of the capacity of BuyBack and IPC contracts from the perspective of technological learning in the upstream part of the oil industry
development of the oil industry requires the development of technology, and one of the contractual benefits in the upstream part of the oil industry is related to this. Realization and strengthening of technological learning in this industry can be considered as one of the most important dimensions of development in it. question of the present study is, first of all, what are the factors affect...
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December 2008 Abstract Previous experimental work has shown that individuals make suboptimal decisions in newsvendor problems (e.g. Schweitzer and Cachon 2000). We present a theoretical (behavioral) model of overconfident newsvendors that is consistent with these observed results. We show that overconfident newsvendors place suboptimal orders (which can be either higher or lower than optimal qu...
متن کاملContracting in Supply Chains: A Laboratory Investigation
T coordination of supply chains by means of contracting mechanisms has been extensively explored theoretically but not tested empirically. We investigate the performance of three commonly studied supply chain contracting mechanisms: the wholesale price contract, the buyback contract, and the revenue-sharing contract. The simplified setting we consider utilizes a two-echelon supply chain in whic...
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عنوان ژورنال:
- Management Science
دوره 59 شماره
صفحات -
تاریخ انتشار 2013