Notice of RetractionAnalysis of buy-back contract in perishable products supply chain with bidirectional options

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

This paper explores the application of bidirectional options in buy-back contract in perishable products supply chain, with high demand uncertainties, long producing lead-times and short selling period. Develops a single manufacturer-retailer two-stage buy-back contract with bidirectional options, analyzes the decision process of the retailer and obtains the retailer´s optimal order policy. Based on it, compares the three kinds of contract: buy-back contract without options, buy-back contract with bidirectional options, bidirectional options contract without buy-back, finds out that the buy-back price only contributes to the quantity of bidirectional options purchased, but not to the quantity of initial order, the manufacturer uses buy-back to increase the retailer´s total order quantity of products and the retailer will increase the quantity of initial order when bring bidirectional options into the contract whether with or without buy-back.