DETERMINING BEST POLICY IN THREE-LEVEL CONTRACT AMONG THE MANUFACTURER, AGENT AND CUSTOMER

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ESMAEILI MARYAM; SHAMSI GMACHI NAFISEH; SANIEE MONFARED MOHAMMAD ALI

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

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Paper Information

Journal: Industrial Management Journal Year:2012 | Volume:3 | Issue:7 Page(s): 1-16

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Title

DETERMINING BEST POLICY IN THREE-LEVEL CONTRACT AMONG THE MANUFACTURER, AGENT AND CUSTOMER

Author(s)

ESMAEILI MARYAM | SHAMSI GMACHI NAFISEH | SANIEE MONFARED MOHAMMAD ALI | Issue Writer Certificate

Keywords

THREEQ2

LEVEL GAMEQ2

SERVICE CONTRACTSQ2

BEST STRATEGIESQ2

WARRANTYQ2

Abstract

Warranty as a kind of service contract today plays a role key in business and legal transactions. In this paper, we present a manufacturer, an agent and a customer's model under different SERVICE CONTRACTS suggestions. The manufacturer's profit is maximized by determining sale price, WARRANTY period and WARRANTY price. In addition we obtain optimal maintenance cost or repair cost for the agent's model to maximize the agent's profit. Moreover, the customer maximizes his/her profit by choosing one of the options that are suggested by the manufacturer and the agent. We also consider the interaction between the manufacturer, the agent and the customer by using game theory approach. Nash equilibrium is obtained under non-cooperative game. In the non-cooperative game the manufacturer, the agent and the customer choose their best strategy separately and simultaneously. Finally, numerical examples presented in this paper, will be used to illustrate our model.

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APA: Copy

ESMAEILI, MARYAM, SHAMSI GMACHI, NAFISEH, & SANIEE MONFARED, MOHAMMAD ALI. (2012). DETERMINING BEST POLICY IN THREE-LEVEL CONTRACT AMONG THE MANUFACTURER, AGENT AND CUSTOMER. JOURNAL OF INDUSTRIAL MANAGEMENT, 3(7), 1-16. SID. https://sid.ir/paper/140063/en

Vancouver: Copy

ESMAEILI MARYAM, SHAMSI GMACHI NAFISEH, SANIEE MONFARED MOHAMMAD ALI. DETERMINING BEST POLICY IN THREE-LEVEL CONTRACT AMONG THE MANUFACTURER, AGENT AND CUSTOMER. JOURNAL OF INDUSTRIAL MANAGEMENT[Internet]. 2012;3(7):1-16. Available from: https://sid.ir/paper/140063/en

IEEE: Copy

MARYAM ESMAEILI, NAFISEH SHAMSI GMACHI, and MOHAMMAD ALI SANIEE MONFARED, “DETERMINING BEST POLICY IN THREE-LEVEL CONTRACT AMONG THE MANUFACTURER, AGENT AND CUSTOMER,” JOURNAL OF INDUSTRIAL MANAGEMENT, vol. 3, no. 7, pp. 1–16, 2012, [Online]. Available: https://sid.ir/paper/140063/en

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