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 |
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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
- General Business,Management and Accounting
- Economics and Econometrics
- Management Science and Operations Research
- Industrial and Manufacturing Engineering