On coordination under random yield and random demand

Authors:
M. GüRay GüLer;M. Emre Keskin
Affiliations:
Bogaziçi University, Department of Industrial Engineering, Istanbul, Turkey;Bogaziçi University, Department of Industrial Engineering, Istanbul, Turkey
Venue:
Expert Systems with Applications: An International Journal
Year:
2013

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Abstract

This paper analyzes coordination in a supply chain with random yield and random demand (SCRYRD). We study wholesale price, buy-back, revenue share, quantity discount and quantity flexibility contracts. We show that the randomness in the yield does not change the coordination ability of the contracts but affects the values of the contract parameters. In particular, all contracts are shown to coordinate the supply chain under voluntary compliance except the wholesale price contract. We also provide a sensitivity analysis of the optimal policy parameters to the cost and demand parameters.