Coordinating a supply chain for deteriorating items with a revenue sharing and cooperative investment contract

Zhang, Jianxiong; Liu, Guowei; Qiao, Zhang; Bai, Zhenyu

doi:10.1016/j.omega.2015.03.004

Cited by 173 publications

(79 citation statements)

References 39 publications

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“…Amount of tardiness from due date in delivery of products and penalty are depicted in constraint (13) and constraint (14), respectively. According to the constraints (15)(16)(17), it is possible to deliver a product to customer c by train k if the train k transport the mentioned product from its production part and the rail road which is related to the mentioned train visits customer c. constraint (18) explains that it is not permitted to assign a train to more than one rail road during a period of time. Constraint (19) expresses that it is not possible to visit the rail road which connects node (customer) c to node (customer) c ⌢ , unless the rail road between these two nodes is made.…”

Section: The Mathematical Modelmentioning

confidence: 99%

“…Finally, the numerical example is extended by performing a sensitivity analysis of the model parameters and discusses specific managerial insights. Zhang et al, developed a one-manufacturer-oneretailer supply chain model for deteriorating items with controllable deterioration rate and price-dependent demand in which both players cooperatively invest in preservation technology to reduce deterioration [17]. Algorithms are designed to obtain the pricing and preservation technology investment strategies in both integrated and decentralized scenarios.…”

Section: Introductionmentioning

confidence: 99%

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A Hybrid Genetic Algorithm-Simulated Annealing for Integrated Production-Distribution Scheduling in Supply Chain Management

Abedinzadeh¹

2017

IJTAM

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Abstract:In this paper, we present an integrated production-distribution (P-D) model which considers rail transportation to move deteriorating items. The problem is formulated as a mixed integer programming (MIP) model, which could then be solved using GAMS optimization software. A hybrid genetic algorithm-simulated annealing (GA-SA) is developed to solve the real-size problems in a reasonable time period. The solutions obtained by GAMS are compared with those obtained from the hybrid GA-SA and the results show that the hybrid GA-SA is efficient in terms of computational time and the quality of the solution obtained.

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Section: The Mathematical Modelmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

A Hybrid Genetic Algorithm-Simulated Annealing for Integrated Production-Distribution Scheduling in Supply Chain Management

Abedinzadeh¹

2017

IJTAM

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“…When manufacturers are leaders, then it is beneficial for the manufacturers to provide wholesale price contract although revenue-sharing contract contributes to the channel performance. Zhang et al (2015) concentrated on how to improve the efficiency of a supply chain for deteriorating items with a revenue sharing and cooperative investment contract. Guan et al (2011) showed that in a VMI system with (r, Q) policy, when there is a franchising contract for retailer with ownership, the system achieves the same performance as in centralized control.…”

Section: Introductionmentioning

confidence: 99%

Pricing and inventory decisions in a vendor managed inventory system with revenue sharing contract

Haji¹,

Afzalabadi²,

Rasoul³

2018

10.5267/j.uscm

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In this paper, we design a revenue sharing contract to coordinate pricing and inventory control decisions in a serial supply chain consisting of one supplier, one manufacturer and one retailer. We assume that the retailer faces Poisson demand and his unsatisfied demands will be lost. The retailer applies one-for-one period policy in which he constantly places an order for one unit of product to the manufacturer in a predetermined time interval which results in a deterministic demand for the manufacturer. Solution procedures are developed to find the equilibrium in the Vendor Managed Inventory (VMI) program with a revenue sharing contract, in which no party is willing to deviate from for the sake of maximizing his own profit. Furthermore, we formulate the total profit of the system and obtain the optimal retail price and order cycle for the retailer and the inventory policy of manufacturer which maximizes the supply chain's total profit and at the end we will highlight the revenue sharing contract performance.

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“…Recently, Chakraborty et al 19 studied the RS mechanisms with two competing manufacturers and one retailer under a linear stochastic demand. Zhang et al 20 proposed a RS and cooperative investment contract for deteriorating items to coordinate a supply chain. Arani et al 21 proposed a novel mixed revenue-sharing option contract for coordinating a retailer-manufacturer supply chain.…”

Section: Introductionmentioning

confidence: 99%

Revenue Sharing Contract in a Multi-Echelon Supply Chain with Fuzzy Demand and Asymmetric Information

Sang¹

2016

IJCIS

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In this paper, we consider the revenue sharing contract between supply chain actors in a multi-echelon supply chain, where the demand of the customers and retail price are fuzzy variables. The centralized decision making system and a coordinating contract, namely, the revenue sharing contract with fuzzy demand and asymmetric information are proposed. To derive the optimal solutions, the fuzzy set theory is applied for solving these models. Finally, the optimal results of proposed models are illustrated with three numerical experiments. The effects of the fuzziness of retail price and demand, different contract parameters on the optimal strategies for supply chain actors are also analyzed.

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Coordinating a supply chain for deteriorating items with a revenue sharing and cooperative investment contract

Cited by 173 publications

References 39 publications

A Hybrid Genetic Algorithm-Simulated Annealing for Integrated Production-Distribution Scheduling in Supply Chain Management

A Hybrid Genetic Algorithm-Simulated Annealing for Integrated Production-Distribution Scheduling in Supply Chain Management

Pricing and inventory decisions in a vendor managed inventory system with revenue sharing contract

Revenue Sharing Contract in a Multi-Echelon Supply Chain with Fuzzy Demand and Asymmetric Information

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