Abstract
We study in this paper a supply chain which is integrated by a returns policy. In the past, owing to a lack of sales channels, the returned products would worth very little. Now, with the advance of the e-commerce, the returned products can be sold with a higher price on the e-marketplace. In light of this, we first investigate the optimal returns policy under the existence of the e-marketplace. Through a mean-variance analysis, we further study the risk issue associated with the optimal policy. Extensive simulations are then carried out and the managerial insights are discussed.
| Original language | English |
|---|---|
| Pages (from-to) | 205-227 |
| Number of pages | 23 |
| Journal | International Journal of Production Economics |
| Volume | 88 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 28 Mar 2004 |
| Externally published | Yes |
Keywords
- E-marketplace
- Mean-variance theory
- Returns policy
- Risk management
- Supply chain management
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Economics and Econometrics
- Management Science and Operations Research
- Industrial and Manufacturing Engineering