期刊
ANNALS OF OPERATIONS RESEARCH
卷 257, 期 1-2, 页码 641-659出版社
SPRINGER
DOI: 10.1007/s10479-015-1919-0
关键词
Consignment contract; Revenue sharing; Vendor managed consignment inventory; Risk analysis; Supply chain management
资金
- National Natural Science Foundation of China [71202162]
- Fundamental Research Funds for the Central Universities of China [NKZXZD1103]
- Major Program of the National Social Science Fund of China [13ZD147]
- National Natural Science Foundation of China (NSFC) [71372100]
Consignment contracts are widely implemented in virtual market. We consider a supplier produces product and sells it to market through a retailer by consignment contract. In a unified model assumption, considering random demand and customers' uncertain return behavior, we focus on two popular consignment contracts: vendor managed consignment inventory contract and consignment contract with revenue sharing. Comparing analytical results between the two contracts, we find that (1) the retailer and whole supply chain will benefit more from the consignment contract with revenue sharing, (2) the supplier will prefer to vendor managed consignment inventory contract, (3) both the retailer and supply chain will share a higher risk under the consignment contract with revenue sharing, the supplier's shares of risk and profit highly depend on his share of the total expected cost, (4) all the profit and risk functions are decrease in uncertainty of customer return. We believe that these managerial insights can advance the understanding about use of the two consignment contracts in supply chain management with both benefit and risk considerations.
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