期刊
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
卷 215, 期 -, 页码 153-164出版社
ELSEVIER SCIENCE BV
DOI: 10.1016/j.ijpe.2017.06.031
关键词
Direct channel; Indirect channel; Return policy; Perceived value of return policy; Game theory
资金
- National Natural Science Foundation of China [71372019, 71672011, 71521002, 71402126]
- National Science Fund of China for Distinguished Young Scholars [71625003]
- Joint Development Program of Beijing Municipal Commission of Education
This study investigates the strategic effect of return policies in a dual-channel supply chain, in which a manufacturer can sell products directly to end customers and indirectly via an independent retailer. The manufacturer decides whether to implement a return policy in either the direct or indirect channel, or in both channels. When the return policy is provided, the cost of returned products has to be covered by the corresponding channel. We consider four possible strategies, including full refund in the direct channel only, full refund in the indirect channel only, full refund in both channels, and no refund in both channels. Given the equilibrium pricing strategies of firms, the preferences of firms over different strategies are determined by comparisons between the anticipated return rate of customers and their perceived value of the return policy. The manufacturer prefers the full-refund policy in both channels when the return rate of the customer is low. Otherwise, the dominant strategy for the manufacturer is the no-refund policy in both channels. The retailer benefits more from the full-refund policy in the indirect channel alone when the return rate is low; otherwise, the retailer prefers the full-refund policy in the direct channel only.
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