Biao Zhang
School of Mechanical and Electrical Engineering, Wuhan Textile University, Wuhan, Hubei, 430073, China
Di Zhang
School of Management, Tianjin University, Tianjin, 300072, China
ABSTRACT
Owing to the existence of risk-averse suppliers, this research constructed a newsvendor model of supply chain on the basis of consignment sale model. Through theoretical analysis, this research proved the correlation between suppliers risk coefficient, the distributional proportion of retailers interests and suppliers supplies was negative while the correlation between shared coefficient of retailers cost and suppliers supplies was positive. Finally, the conclusion was proved to be correct through a numerical illustration. The conclusion set a guidance to formulate a effective supplying contract for predominant retailers.
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How to cite this article
Biao Zhang and Di Zhang, 2013. Research on Risk-averse Suppliers
Supplying Behavior
Based on Consignment Sale Model. Journal of Applied Sciences, 13: 3594-3598.
DOI: 10.3923/jas.2013.3594.3598
URL: https://scialert.net/abstract/?doi=jas.2013.3594.3598
DOI: 10.3923/jas.2013.3594.3598
URL: https://scialert.net/abstract/?doi=jas.2013.3594.3598
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