Single-manufacturer, multi-retailer consignment policy for retailers’ generalized demand distributions

Yu, Junyan; Sarker, Bhaba R.; Duan, Qinglin; Wu, Bingqing

doi:10.1057/jors.2012.13

Cited by 24 publications

(9 citation statements)

References 29 publications

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“…These conclusions, regarding the WS, were acknowledged by SWB. This analysis is in line with the recent literature and trends, where in Yu et al (2012), a consignment policy is proposed for inventory management in supply chains, based on strong interaction and reliable collaboration between the vendor and buyer levels.…”

Section: Sensitivity Analysissupporting

confidence: 84%

Three-level inventory deployment for a luxury watch company facing various perturbations

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Zufferey

Wieser

2017

Journal of the Operational Research Society

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A well-known Swiss watch brand, active in the top-end luxury market, is facing a complex inventory deployment problem where watches of different models (more than 100 different models) must be dispatched first to wholesalers to finally reach the shops where consumers come in. Along the way, different perturbations are expected at three levels (production plan, demand, and dispatching), and accurate reactions must be taken to fit to these uncertainties. Solution methods are proposed to solve realistic instances. Results show the relevance of the methods and the robustness of the solutions.

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Section: Sensitivity Analysissupporting

confidence: 84%

Three-level inventory deployment for a luxury watch company facing various perturbations

Respen

Zufferey

Wieser

2017

Journal of the Operational Research Society

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“…Albino, Carbonara, and Giannoccaro (2007) on the other hand built a simulation model to examine the benefits (e.g. upgrading quality and reducing costs) of resource sharing in industrial districts, while a single-manufacturer, multi-retailer inventory consignment model was developed by Yu et al (2012), not only helping manufacturers generate higher profit, but also coordinating retailers to achieve a higher supply chain profit.…”

Section: Logistics Resource Sharingmentioning

confidence: 99%

What modelling research on supply chain collaboration informs us? Identifying key themes and future directions through a literature review

Gustafsson

2018

International Journal of Production Research

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Although research regarding supply chain collaboration has been increasing, studies reviewing supply chain collaboration remains limited. This review paper categorises supply chain collaboration and identifies different themes in this research field. Articles were collected based on a designed keywords list and specific subject restrictions in citation databases. Textmining technology and conceptual criteria were used to categorise and screen articles into different categories. Finally, cluster analysis was used to group articles and identify emerging themes. From the year 1999 to 2017, a total of 678 articles regarding supply chain collaboration were found. These were sorted into six categories: levels of collaboration, industries, supply chain stages, company scales, forms/methods of collaboration and typology of article, and into corresponding sub-categories. 380 articles employing modelling approach where collaboration forms the core of analysis were screened for hierarchical cluster analysis, resulting in four clusters: information sharing paradigm, joint decision-making paradigm, resource sharing paradigm and coordinating contract paradigm. Eleven themes were finally identified based on the four clusters. The number of articles in the field of supply chain collaboration shows an increasing trend by year. However, most of the collaborations discussed were still at a low level. It is expected to explore a higher level of collaborations and related themes in future research.

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“…Zavanella and Zanoni [2] built a singlesupplier, multiple-buyer integrated product inventory model based on CS. Yu et al [5] used a simulation method to compare the potential profits of suppliers who used TP and CP. They discovered that suppliers using CP obtained a higher profit than those who used TP.…”

Section: Single-supplier Multiple-buyermentioning

confidence: 99%

“…These studies include Zavanella and Zanoni [2], Battini et al [3], Srinivas and Rao [4], Yu et al [5], Ben-Daya et al [6], Hariga and Al-Ahmari [7], Sarkar [8], Singh et al [9], Islam et al [10], and Zahran and Jaber [11]. Studies have mainly considered the optimal consignment models regarding the whole supply chain or investigated the optimal consignment decisions from the perspectives of single suppliers or of retailers.…”

Section: Introductionmentioning

confidence: 99%

Optimal Retail Price Model for Partial Consignment to Multiple Retailers

Chen

2017

Complexity

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This paper investigates the product pricing decision-making problem under a consignment stock policy in a two-level supply chain composed of one supplier and multiple retailers. The effects of the supplier's wholesale prices and its partial inventory cost absorption of the retail prices of retailers with different market shares are investigated. In the partial product consignment model this paper proposes, the seller and the retailers each absorb part of the inventory costs. This model also provides general solutions for the complete product consignment and the traditional policy that adopts no product consignment. In other words, both the complete consignment and nonconsignment models are extensions of the proposed model (i.e., special cases). Research results indicated that the optimal retail price must be between 1/2 (50%) and 2/3 (66.67%) times the upper limit of the gross profit. This study also explored the results and influence of parameter variations on optimal retail price in the model.

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Single-manufacturer, multi-retailer consignment policy for retailers’ generalized demand distributions

Cited by 24 publications

References 29 publications

Three-level inventory deployment for a luxury watch company facing various perturbations

Three-level inventory deployment for a luxury watch company facing various perturbations

What modelling research on supply chain collaboration informs us? Identifying key themes and future directions through a literature review

Optimal Retail Price Model for Partial Consignment to Multiple Retailers

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