Lecture Notes in Economics and Mathematical Systems
Optimal Concessions in Return Policies for Continuous Quality Improvements
Lecture Notes in Economics and Mathematical Systems
Optimal Concessions in Return Policies for Continuous Quality Improvements
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.
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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.
