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A Responsive-Pricing Retailer Sourcing from Competing Suppliers Facing Disruptions

Shan, Xi - 2020

Problem definition: We study a problem of a retailer who orders from two competing strategic suppliers subject to independent or correlated disruptions and responds by setting the retail price upon delivery, which we call responsive pricing. The suppliers compete by setting their wholesale...

Persistent link: https://www.econbiz.de/10012853980

Addendum to “Coordination of Supply Chains with Risk-Averse Agents” by Gan, Sethi, and Yan (2004)

Gan, Xianghua - 2020

In “Coordination of Supply Chains with Risk-Averse Agents” (POMS, Volume 13, 2004), we study the issue of coordination in supply chains involving risk-averse agents, and define a coordinating contract as one that results in a Pareto-optimal solution acceptable to each agent. We then develop...

Persistent link: https://www.econbiz.de/10012838107

The Product View and its Impact on Supply Chain Excellence

Rajamani, Divakar - 2020

The process of delivering goods and services better, faster and cheaper sounds simple but can sometimes be unpredictable and lead to shortages or surpluses. Over the past two decades, the supply chain journey has evolved through a number of distinct phases along with a shift in power from...

Persistent link: https://www.econbiz.de/10012838108

The Implication of Vendor Inventory Liability Period in a Decentralised Assembly System

Guan, Xu (Gavin) - 2020

This paper investigates a decentralized assembly system that consists of one manufacturer and multiple suppliers who produce the complementary components. In a single selling season, the manufacturer initially sets a vendor inventory liability period (VILP) to control the suppliers' delivery...

Persistent link: https://www.econbiz.de/10012838190

Optimizing Logistics Operations in a Country’s Currency Supply Network

Huang, Yiwei - 2020

We optimize a large country's currency supply network for its central bank. The central bank provides currency to all branches (who in turn serve consumers and commerce) through its network of big vaults, regional vaults, and retail vaults. The central bank intends to reduce its total...

Persistent link: https://www.econbiz.de/10012838199

Relationship-Specific Investment and Hold-Up Problems in Supply Chains : Theory and Experiments

Haruvy, Ernan - 2020

Supply chains today routinely use third parties for many strategic activities, such as manufacturing, R&D, or software development. These activities often include relationship-specific investment on the part of the vendor, while final outcomes can be uncertain. Therefore, writing complete...

Persistent link: https://www.econbiz.de/10012838809

Return Strategy and Pricing in a Dual-Channel Supply Chain

Li, Guo - 2020

This study investigates the strategic effect of return policies in a dual-channel supply chain, in which a manufacturer can sell products directly to end customers and indirectly via an independent retailer. The manufacturer decides whether to implement a return policy in either the direct or...

Persistent link: https://www.econbiz.de/10012838822

Supply Chains Involving a Mean-Variance-Skewness-Kurtosis Newsvendor : Analysis and Coordination

Zhang, Juzhi - 2020

The classical newsvendor problem seeks to minimize the expected inventory cost or maximize the expected profit. But optimizing an expected value alone does not fully capture the stochastic nature of the newsvendor problem. Inspired by the higher-moment analyses explored in finance literature, we...

Persistent link: https://www.econbiz.de/10012838900

Guarding Against Disruption Risk by Contracting under Information Asymmetry

Li, Guo - 2020

We consider a decentralized supply chain in which a downstream manufacturer purchases components from an upstream supplier privileged with private information about supply disruption risk. The supplier's initial reliability, asymmetric to the manufacturer, is either low or high. We examine two...

Persistent link: https://www.econbiz.de/10012838902

Scheduling in Production, Supply Chain and Industry 4.0 Systems by Optimal Control : Fundamentals, State-of-the-Art, and Applications

Ivanov, Dmitry - 2020

control. The objectives of this survey are twofold. The first objective is to derive major contributions, application areas … management. In this paper, we provided a survey on the applications of optimal control to scheduling in production, supply chain … engineering and management. The survey allowed the group-ing of models with only terminal constraints with application to master …

Persistent link: https://www.econbiz.de/10012846529