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Zbl 1159.90301
Bose, Indranil; Anand, Paul
On returns policies with exogenous price. (English)
[J] Eur. J. Oper. Res. 178, No. 3, 782-788 (2007). ISSN 0377-2217

Summary: We contribute to current research on single-period returns policies by making a clear distinction between models in which transfer price is exogenous and models in which one dominant party unilaterally declares a price. We compare the equilibrium contracts that result from these two approaches and derive conditions for the equilibrium returns policy to be Pareto-efficient when transfer price is exogenous. Our main result is distribution free, but we make some interesting observations on channel performance when demand is uniformly distributed.

MSC 2000:: *90B05 Inventory management
91B38 Production theory etc.
90B30 Production models

Keywords: returns policies; buybacks; single period inventory model

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