Analysis of monitoring and limiting of commercial cheating: a newsvendor model

J-A Li · Yue Wu · Kin Keung Lai

37 citations0/0 files storedJournal of the Operational Research Society

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Supply Chain and Inventory Management Consumer Market Behavior and Pricing Sustainable Supply Chain Management

Abstract

Commercial cheating, that is, counterfeit products and lower quality products sold as genuine products, exists extensively in many countries of the world, especially in the developing countries. In this paper, we investigate the phenomena of commercial cheating, study the optimal cheating actions of inventory managers under a monitoring and limiting regime from the industrial administration office (IAO for short) and demonstrate the efficiency of monitoring and limiting such cheating activities. A newsvendor model has been considered for the inventory manager to order different quality products with different set-up costs. The model, a kind of extension of the general newsvendor problem, is viewed as a shocked inventory model. We analyse some properties of the optimal cheating policies from the point of view of an inventory manager, and investigate the effectiveness of both the punishment level and the checking rate.

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References

1999Inventory management and production planning and scheduling 1999The single-period (news-vendor) problem: literature review and suggestions for future research 1993Diversification Under Supply Uncertainty 1997The Competitive Newsboy 1999Single-Period Multiproduct Inventory Models with Substitution 2004Multi-product inventory planning with downward substitution, stochastic demand and setup costs 1993Diversification under yield randomness in inventory models 1999Lateral stock transshipments in a two-location inventory system with fixed and joint replenishment costs

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2017Counterfeiting and piracy in supply chain management: theoretical studies 2021The role of consumer behavior and power structures in coping with shoddy goods 2018A review of counterfeiting research on demand side: Analyzing prior progress and identifying future directions 2021Anti‐counterfeiting strategy unfolded: A closer look to the case of a large multinational manufacturer

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