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Supply Chain Coordination under Buyback Contract with Multiple Newsvendors

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Recent Advances in Computer Science and Information Engineering

Part of the book series: Lecture Notes in Electrical Engineering ((LNEE,volume 126))

Abstract

For two stage supply chain with multiple competing newsvendors which faces stochastic market demand, the coordination may be broken off by intervention events. Using buyback contract, the impact of demand disruptions upon the supply chain coordination is studied. When market scale change is small, keeping the original production plan can achieve the supply chain coordination; When market scale changes significantly by the intervention event, adjusting the production plan become necessary. The optimal strategy for supply chain to the interventions by buyback is presented, and an adjusted buyback contract which has anti-intervention ability is proposed. Numerical examples are made to illustrate the effectiveness of the optimal strategy.

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Authors and Affiliations

  1. Henan Polytechnic University School of Mathematics and Information Science, Xian, China

    Hongli Wang & Yan Ren

Authors
  1. Hongli Wang
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  2. Yan Ren
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Corresponding author

Correspondence to Hongli Wang .

Editor information

Editors and Affiliations

  1. , College of Communication Engineering, Jilin University, Room 313, Building No.1, Changchun, Nanhu Avenue 5372, Jilin, 130012, China, People's Republic

    Zhihong Qian

  2. , Department of Electrical Engineering, The University of Mississippi, Anderson Hall 314, Mississippi, 38677, Mississippi, USA

    Lei Cao

  3. , Department of Electrical and Computer En, Naval Postgraduate School, Rm. 452 Spanagel Bldg. 232, Dyer Road 833, Monterey, 93943-5121, California, USA

    Weilian Su

  4. , Faculty of Computing, London Metropolitan University, Holloway Road 166-220, London, N7 8DB, United Kingdom

    Tingkai Wang

  5. , College of Software, Changchun University of Science and Tech, Changchun, Jilin, 130022, China, People's Republic

    Huamin Yang

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© 2012 Springer-Verlag GmbH Berlin Heidelberg

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Wang, H., Ren, Y. (2012). Supply Chain Coordination under Buyback Contract with Multiple Newsvendors. In: Qian, Z., Cao, L., Su, W., Wang, T., Yang, H. (eds) Recent Advances in Computer Science and Information Engineering. Lecture Notes in Electrical Engineering, vol 126. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-25766-7_4

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  • DOI: https://doi.org/10.1007/978-3-642-25766-7_4

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  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-25765-0

  • Online ISBN: 978-3-642-25766-7

  • eBook Packages: EngineeringEngineering (R0)

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