Stable and Coordinating Contracts for a Supply Chain with Multiple Risk-Averse Suppliers
نویسندگان
چکیده
منابع مشابه
Stable and Coordinating Contracts for a Supply Chain with Multiple RiskAverse Suppliers
W e analyze a decentralized supply chain with a single risk-averse retailer and multiple risk-averse suppliers under a Conditional Value at Risk objective. We define coordinating contracts and show that the supply chain is coordinated only when the least risk-averse agent bears the entire risk and the lowest-cost supplier handles all production. However, due to competition, not all coordinating...
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Dual channels have become popular strategies for manufacturers due to the development of innovative selling platforms. Examples in practice also show that the lack of relationship management, such as cooperation and sharing, may cause an unsustainable supply chain performance. However, previous studies on coordination of dual-channel supply chains always focus on the contribution to profits and...
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The extant supply chain management literature has not addressed the issue of coordination in supply chains involving risk-averse agents. We take up this issue and begin with defining a coordinating contract as one that results in a Pareto-optimal solution acceptable to each agent. Our definition generalizes the standard one in the risk-neutral case. We then develop coordinating contracts in thr...
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The agent view provides a level of abstraction at which we envisage computational systems carrying out cooperative work by interoperating across networked people, organizations and machines. A major challenge in building such systems is coordinating the behavior of the individual agents to achieve the individual and shared goals of the participants. In this paper we propose a conceptualization ...
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ژورنال
عنوان ژورنال: Production and Operations Management
سال: 2013
ISSN: 1059-1478
DOI: 10.1111/poms.12073