Relational Supply Contracts : Optimal Concessions in Return Policies for Continuous Quality Improvements

Language: English

Published by Springer, Berlin, Springer, 2009

3642027903 / 9783642027901

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Druck auf Anfrage Neuware - Printed after ordering - Supply relations are often governed by so-called relational contracts. These are informal agreements sustained by the value of future cooperation. Although relational contracts persist in practice, research on these types of contract is only emerging in Operations and Supply Chain Management. This book studies a two-firm supply chain, where repeated transactions via well-established supply contracts and continued quality-improvement efforts are governed by a relational contract. We are able to characterize an optimal relational contract, i.e., to develop policies for supplier and buyer that structure investments in quality and flexibility in a way that no other self-enforcing contract generates higher expected joint surplus. A second goal is to compare the performance of different returns mechanisms in the context of relational contracting (quantity flexibility and buy-back contracts). Industry studies motivate the presented model.

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Title
Relational Supply Contracts : Optimal Concessions in Return Policies for Continuous Quality Improvements
Author
Michaela Isabel Höhn
Publisher
Springer, Berlin, Springer
Publication year
2009
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3642027903
ISBN 13
9783642027901
Item weight
225 grams
Dimensions
239x155x8 mm

AHA-BUCH GmbH

Einbeck, Germany

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AbeBooks seller since August 14, 2006

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