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Buy-back Contract of Supply Chain Based on Double Auction Mechanism |
YAO Xun, TANG Xiao-Wo, PAN Jing-Ming |
University of Electronic Science and Technology of China,Chendu, China |
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Abstract This paper extends the newsboy problem in asymmetric information, and investigates the process of setting a price between two sides in supply chain applying static Bayesian game. The dealing space of linear strategy between both sides is presented and supply chain coordination can be realized through using buyback contract from the perspective of maximizing supply chain profit.
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Received: 19 June 2008
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