Research on Buyback Contract of Supply Chain under the Newsvendor Model
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Aimin Li, Shifang Yang, Zhiwei Zhou
The paper firstly reviewed the classic newsvendor model and expounded the establishment and solution to the model. Then the model of the supply chain system was established based on the classical newspaper model. Finally, based on the basic theory of repurchase contract, a repurchase agreement was established. The supply chain buyback contract under the newsvendor model can not only realize the coordination of supply chain, but also realize the distribution of profit in the supply chain.
Newsvendor model, buyback contract, supply chain.