Buyback and return policies for a book publishing firm = Egy könyvkiadó vállalat visszavásárlási stratégiája

A dolgozat célja egy vállalati gyakorlatból származó eset elemzése. Egy könyvkiadót tekintünk. A kiadó kapcsolatban van kis- és nagykereskedőkkel, valamint a fogyasztók egy csoportjával is vannak kapcsolatai. A könyvkiadók projekt rendszerben működnek. A kiadó azzal a problémával szembesül, hogy hogyan ossza el egy frissen kiadott és nyomtatott könyv példányszámait a kis- és nagykereskedők között, valamint mekkora példányszámot tároljon maga a fogyasztók közvetlen kielégítésére. A kiadóról feltételezzük, hogy visszavásárlási szerződése van a kereskedőkkel. A könyv iránti kereslet nem ismert, de becsülhető. A kis- és nagykereskedők maximalizálják a nyereségüket. = The aim of the paper is to analyze a practical real world problem. A publishing house is given. The publishing firm has contacts to a number of wholesaler / retailer enterprises and direct contact to customers to satisfy the market demand. The book publishers work in a project industry. The publisher faces with the problem how to allocate the stocks of a given, newly published book to the wholesaler and retailer, and to hold some copies to satisfy the customers direct from the publisher. The publisher has a buyback option. The distribution of the demand is unknown, but it can be estimated. The wholesaler / retailer maximize the profits. The problem can be modeled as a one-warehouse and N-retailer supply chain with not identical demand distribution. The model can be transformed in a game theory problem. It is assumed that the demand distribution follows a Poisson distribution

Inventory methods in order to minimize raw materials at the inventory level in the supply chain

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APPROACH TO THE FORMING OF RATIONAL TECHNOLOGY FOR THE EXPORT CARGOES DELIVERY IN SUPPLY CHAIN ON THE PRINCIPLES OF CO-MODALITY

In this article, we propose an approach to the forming of rational technology for the export cargoes delivery in the supply chain on the principles of co-modality in the context of effective interaction of delivery participants, which allows reducing the costs of all them through the optimal use of resources related to delivery and increasing the competitive advantages of products. Taking into account the strengthening of cooperation between road and rail transport, under modern conditions, combined transport within the international transport corridor is proposed as an alternative option to promote cargo flow in the supply chain. As a result of experimental studies carried out on the basis of the simulation model of the delivery process in the Petri Nets, the time characteristics of technological processes under alternative schemes depending on the input parameters of the model have been determined. A comparative assessment of alternative delivery schemes based on mathematical models has made it possible to establish that the rational scheme for the delivery of export cargo from Ukraine to Germany via the Pan-European Corridor III is the Rolling Highway technology, which ensures compliance with the cargo owner's requirements for delivery time and cost established by the contract. The proposed approach is recommended as a tool for making managerial decisions when planning and organising the delivery of export cargoes from Ukraine to the EU countries in order to effectively manage supply chains by minimising the cost of delivery and environmental damage.

A Stochastic Process Study of Two-Echelon Supply Chain with Bulky Demand Process Incorporating cost Sharing Coordination Strategies

This research considers a single-item two-echelon supply chain facing a sequence of stochastic bulky customer demand with random order inter-arrival time and random demand size. The demand process is a general renewal process and the cost functions for both parties involve the renewal function and its integral. The complexity of the general renewal function causes the computational intractability in deciding the optimal order quantities, so approximations for the renewal function and its integral are introduced to address the computational complexity. Asymptotic expansions are commonly used in the literature to approximate the renewal function and its integral when the optimal decisions are relatively large compared to the mean of the inter-renewal time. However, the optimal policies do not necessarily fall in the asymptotic region. So the use of asymptotic expansions to approximate the renewal function and its integral in the cost functions may cause significant errors in decision making. To overcome the inaccuracy of the asymptotic approximation, this research proposes a modified approximation. The proposed approximation provides closed form functions for the renewal function and its integral which could be applied to various optimization problems such as inventory planning, supply chain management, reliability and maintenance. The proposed approximations are tested with commonly used distributions and applied to an application in the literature, yielding good performance. By applying the proposed approximation method to the supply chain cost functions, this research obtains the optimal policies for the decentralized and the centralized cases. The numerical results provide insights into the cost savings realized by the centralization of the supply chain compared to the decentralized case. Furthermore, this research investigates coordination schemes for the decentralized case to improve the utilities of parties. A cost sharing mechanism in which the vendor offers the retailer a contract as a compensation of implementing vendordesired inventory policy is investigated. The sharing could be realized by bearing part of the retailer’s inventory holding cost or fixed cost. The contract is designed to minimize the vendors cost while satisfying the individual rationality of the retailer. Other forms of coordination mechanisms, such as the side payment and delayed payment, are also discussed

THE RISE OF KENYAN SUPERMARKETS AND THE EVOLUTION OF THEIR FRESH FRUITS AND VEGETABLES PROCUREMENT SYSTEMS

Supermarkets are rapidly penetrating urban food retail in Kenya and spreading well beyond their initial tiny market niche into the food markets of lower-income groups. Having penetrated processed and staple food markets much earlier and faster than fresh foods, they have recently begun to make inroads into the fresh fruits and vegetables category. The important changes in their procurement systems bring significant opportunities and challenges for small farmers, and have implications for agricultural diversification and rural development programmes and policies.Marketing,

The Impact of Cheap Talk on Supply Chain Performance in Case of Asymmetric Information: An Experimental Investigation

The use of screening contracts is a common approach to solve supply chain coordination problems under asymmetric information. One major assumption in this context is that subjects will rather use their private information strategically than to reveal them truthfully, if they do not get any incentives to do this. This harms supply chain performance. This paper investigates the influence of costless pre-game communication (i.e. communication without any direct incentives) between a supplier and a buyer in a lotsizing framework. A laboratory experiment was conducted to test, whether this costless pre-game communication has (in contradiction to standard game-theory) an influence on supply chain coordination.experimental economics, screening contracts, supply chain coordination

Reforming Indirect Taxes in India : Role of Environmental Taxes

Extensive reforms of Indias indirect taxes at the central and the state levels has prepared the necessary ground for the implementation of a comprehensive goods and services tax (GST). The Empowered Committee of the State Finance Ministers in their First Discussion Paper and the Thirteenth Finance Commission in their recently submitted report have suggested GST models which are quite different in many respects. This paper identifies these differences and argues that within the regime of taxation of goods and services in India environmental tax reform should also be incorporated to make the tax regime play a significant role in managing environment. The environment tax reforms will yield both a fiscal double dividend and an economic double dividend making the Indian economy pursue a path of sustainable development.Taxes, Environment

Marketing Strategies for Freight Traffic on Indian Railways - A Systems Perspective

Indian Railways (IR) had lost its market share in high rated freight commodities especially cement, POL, and iron and steel. IR was missing an overall strategy for freight business, which was overcharged without sensitivity to competition. Over time, other transport modes, especially road (and pipeline in the case of POL) captured a very significant share of freight due to their faster and door-to-door deliveries. Several initiatives have been taken in the recent past to make IRs’ strategies market oriented like increased axle loading, better pricing strategy, and improved services. In 2005-06, IR loaded 667 mt of revenue earning freight traffic, marking an increase of 110 mt over 2003-04. Additional freight revenue was Rs 9172 crore during the same period. IR still has a tremendous potential in the freight business, but it needs to be examined with an appropriate framework for segmentation of the market. Like in any other transport business, an origin-destination (OD) based systems perspective could be used. The primary categorization of origins would be industry/collection centre, mine and port. The primary categorization of destinations would be industry, port and distribution center. An attempt was made by the authors to do an OD analysis on the 666.5mt (602.1 mt) of freight traffic of 2005-06 (2004-05). The above analysis has implications for leveraging the four Ps of marketing; product (service attributes), price, promotion, and place (logistics). This paper attempts to evolve marketing strategies for freight traffic, based on the OD market analysis specified above.