Arcelus, F.J.; Kumar, Satyendra; Srinivasan, G. - In: Omega 36 (2008) 5, pp. 808-824
This paper attempts to model the profitability of a secondary market, in a newsvendor setting, to a profit-maximizing manufacturer, who is offering to the retailer a buyback policy for the unsold merchandise left at the end of the selling season. With a buyback agreement, the manufacturer shares...