详细信息
Inventory misplacement and demand forecast error in the supply chain: profitable RFID strategies under wholesale and buy-back contracts ( SCI-EXPANDED收录 EI收录)
文献类型:期刊文献
英文题名:Inventory misplacement and demand forecast error in the supply chain: profitable RFID strategies under wholesale and buy-back contracts
作者:Zhang, Li-Hao[1];Li, Tian[2];Fan, Ti-Jun[2]
机构:[1]Shanghai Maritime Univ, Logist Res Ctr, Shanghai, Peoples R China;[2]East China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China
年份:2018
卷号:56
期号:15
起止页码:5188
外文期刊名:INTERNATIONAL JOURNAL OF PRODUCTION RESEARCH
收录:;EI(收录号:20181705039200);WOS:【SCI-EXPANDED(收录号:WOS:000443995900012)】;
基金:This work was was supported by the National Natural Science Foundation of China [grant number 71601114], [grant number 71671067], [grant number 71301050], [grant number 71431004]; Shanghai Pujiang Program [grant number 13PJC022]; the Fundamental Research Funds for Central Universities [grant number WN1516010].
语种:英文
外文关键词:RFID; inventory misplacement; demand forecast error; supply chain contracts; coordination
摘要:We investigate RFID adoption strategies under wholesale price and buy-back contracts in a supply chain with one manufacturer and one retailer who faces inventory misplacement and demand forecast error. RFID can alleviate the misplacement problem, and can reduce demand forecast error by shortening order lead time. By a newsvendor model, we characterise the optimal contract terms in the supply chain without and with RFID adoption, respectively. We further analyse how the contract terms depend on RFID-related parameters (e.g. salable rate and demand forecast error). We find that both without and with RFID, the wholesale price contract will lead to the double marginalisation problem, while the buy-back contract can coordinate the supply chain. We show that the supply chain adopts RFID if and only if the tagging cost is below a threshold; the threshold is in negative correlation to the demand forecast error. The supply chain is more willing to adopt RFID under the buy-back contract than under the wholesale price contract. RFID adoption can sometimes lessen the double marginalisation problem under the wholesale price contract, improving the supply chain efficiency. A smaller RFID tagging cost or a reduced forecast error do not necessarily lead to higher supply chain efficiency.
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