Bose, Indranil; Anand, Paul On returns policies with exogenous price. (English) Zbl 1159.90301 Eur. J. Oper. Res. 178, No. 3, 782-788 (2007). 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. Cited in 15 Documents MSC: 90B05 Inventory, storage, reservoirs 91B38 Production theory, theory of the firm 90B30 Production models Keywords:returns policies; buybacks; single period inventory model PDF BibTeX XML Cite \textit{I. Bose} and \textit{P. Anand}, Eur. J. Oper. Res. 178, No. 3, 782--788 (2007; Zbl 1159.90301) Full Text: DOI References: [1] Emmons, H.; Gilbert, S. M., The role of returns policies in pricing and inventory decisions for catalogue goods, Management Science, 44, 276-283 (1998) · Zbl 0989.90043 [2] Eppen, G.; Iyer, A., Backup agreements in fashion buying - the value of upstream flexibility, Management Science, 43, 11, 1469-1484 (1997) · Zbl 0902.90046 [3] Lariviere, M., Supply chain contracting and coordination with stochastic demand, Quantitative Models for Supply Chain Management (1999), Kluwer: Kluwer Boston, pp. 233-268 · Zbl 1052.90511 [4] Lau, H.-S.; Lau, A. H.-L., Manufacturer’s pricing strategy and return policy for a single period commodity, European Journal of Operational Research, 116, 291-304 (1999) · Zbl 1009.90005 [5] Lau, A. H.-L.; Lau, H.-S.; Willett, K. D., Demand uncertainty and returns policies for a seasonal product: An alternative model, International Journal of Production Economics, 66, 1-12 (2000) [6] Pasternack, B. A., Optimal pricing and return policies for perishable commodities, Marketing Science, 4, 166-176 (1985) [7] Tsay, A. A., Managing retail channel overstock: Markdown money and return policies, Journal of Retailing, 77, 457-492 (2001) [8] Tsay, A. A., The quantity flexibility contract and supplier-customer incentives, Management Science, 45, 10, 1339-1358 (1999) · Zbl 1231.90065 This reference list is based on information provided by the publisher or from digital mathematics libraries. Its items are heuristically matched to zbMATH identifiers and may contain data conversion errors. It attempts to reflect the references listed in the original paper as accurately as possible without claiming the completeness or perfect precision of the matching.