Quantity Flexibility Contracts: Optimal Decisions with Information Updates
نویسندگان
چکیده
منابع مشابه
Coordinating a decentralized supply chain with a stochastic demand using quantity flexibility contract: a game-theoretic approach
Supply chain includes two or more parties linked by flow of goods, information, and funds. In a decentralized system, supply chain members make decision regardless of their decision's effects on the performance of the other members and the entire supply chain. This is the key issue in supply chain management, that the mechanism should be developed in which different objectives should be align...
متن کاملQuantity Flexible Contracts: Optimal Decisions with Information Updates1
We study single and multi-period quantity flexible contracts involving one demand forecast update in each period and a spot market. We obtain the optimal order quantity at the beginning of a period and order quantities on contract and from the spot market at the then prevailing price after the forecast revision and before the demand materialization. The amount that can be purchased on contract ...
متن کاملModeling and Assessing the Quantity Flexibility Contracts for Seasonal Products with High Demand Volatility
A noticeable and practicable scheme of channel coordination is the quantity flexibility contracts. It can be emphasized that quantity flexibility contracts can share the risk and cost of market demand uncertainty and yield more potential profitability for members within a supply chain. In view of its increasing importance, quantity flexibility contracts have been studied extensively and various...
متن کاملImplications of Renegotiation for Optimal Contract Flexibility and Investment
I a stylized model of biopharmaceutical contract manufacturing, this paper shows how the potential for renegotiation influences the optimal structure of supply contracts, investments in innovation and capacity, the way scarce capacity is allocated, and firms’ resulting profits. Two buyers contract for capacity with a common manufacturer. Then, the buyers invest in innovation (product developmen...
متن کاملCoordinating a Seller-Buyer Supply Chain with a Proper Allocation of Chain’s Surplus Profit Using a General Side-Payment Contract
In this paper, seller-buyer supply chain coordination with general side-payment contracts is introduced to gain the maximum possible chain profit. In our model, the logistics costs for both buyer and seller are considered and the final demand is also supposed to be a decreasing function of the retail price. Since parties aim to maximize their individual profits, the contractual parameters are s...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
- Decision Sciences
دوره 35 شماره
صفحات -
تاریخ انتشار 2004