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Lecture Notes in Economics and Mathematical Systems

Relational Supply Contracts

Optimal Concessions in Return Policies for Continuous Quality Improvements

Authors: Höhn, Michaela Isabel

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About this book

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 contracts 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.

Table of contents (8 chapters)

Table of contents (8 chapters)

Buy this book

eBook 74,89 €
price for Spain (gross)
  • ISBN 978-3-642-02791-8
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover 93,59 €
price for Spain (gross)
  • ISBN 978-3-642-02790-1
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
Relational Supply Contracts
Book Subtitle
Optimal Concessions in Return Policies for Continuous Quality Improvements
Authors
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
629
Copyright
2010
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-02791-8
DOI
10.1007/978-3-642-02791-8
Softcover ISBN
978-3-642-02790-1
Series ISSN
0075-8442
Edition Number
1
Number of Pages
XVI, 124
Number of Illustrations
27 b/w illustrations
Topics

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