Coordination of supply chains by option contracts: A cooperative game theory approach
文献类型：期刊论文
| 作者 | Zhao, Yingxue2,3; Wang, Shouyang3; Cheng, T. C. E.1; Yang, Xiaoqi4; Huang, Zhimin5,6 |
| 刊名 | EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
 |
| 出版日期 | 2010-12-01 |
| 卷号 | 207期号:2页码:668-675 |
| 关键词 | Supply chain management Cooperative game Option contract Negotiating power Channel coordination |
| ISSN号 | 0377-2217 |
| DOI | 10.1016/j.ejor.2010.05.017 |
| 英文摘要 | Manufacturer-retailer supply chains commonly adopt a wholesale price mechanism. This mechanism, however, has often led manufacturers and retailers to situations of conflicts of interest. For example, due to uncertain market demand, retailers prefer to order flexibly from manufacturers so as to avoid incurring inventory costs and to be able to respond flexibly to market changes. Manufacturers, on the other hand, prefer retailers to place full orders as early as possible so that they can hedge against the risks of over- and under-production. Such conflicts between retailers and manufacturers can result in an inefficient supply chain. Motivated by this problem, we take a cooperative game approach in this paper to consider the coordination issue in a manufacturer-retailer supply chain using option contracts. Using the wholesale price mechanism as a benchmark, we develop an option contract model. Our study demonstrates that, compared with the benchmark based on the wholesale price mechanism, option contracts can coordinate the supply chain and achieve Pareto-improvement. We also discuss scenarios in which option contracts are selected according to individual supply chain members' risk preferences and negotiating powers. (C) 2010 Elsevier By. All rights reserved. |
| 资助项目 | Logistics Research Centre of The Hong Kong Polytechnic University |
| WOS研究方向 | Business & Economics ; Operations Research & Management Science |
| 语种 | 英语 |
| WOS记录号 | WOS:000281107200012 |
| 出版者 | ELSEVIER SCIENCE BV |
| 源URL | [http://ir.amss.ac.cn/handle/2S8OKBNM/11039]  |
| 专题 | 中国科学院数学与系统科学研究院 |
| 通讯作者 | Cheng, T. C. E. |
| 作者单位 | 1.Hong Kong Polytech Univ, Dept Logist & Maritime Studies, Kowloon, Hong Kong, Peoples R China 2.Univ Int Business & Econ, Sch Int Trade & Econ, Beijing 100029, Peoples R China 3.Chinese Acad Sci, Inst Syst Sci, Acad Math & Syst Sci, Beijing 100190, Peoples R China 4.Hong Kong Polytech Univ, Dept Appl Math, Kowloon, Hong Kong, Peoples R China 5.Adelphi Univ, Sch Business, Garden City, NY 11530 USA 6.Renmin Univ China, Sch Business, Beijing 100872, Peoples R China |
| 推荐引用方式 GB/T 7714 | Zhao, Yingxue,Wang, Shouyang,Cheng, T. C. E.,et al. Coordination of supply chains by option contracts: A cooperative game theory approach[J]. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH,2010,207(2):668-675. |
| APA | Zhao, Yingxue,Wang, Shouyang,Cheng, T. C. E.,Yang, Xiaoqi,&Huang, Zhimin.(2010).Coordination of supply chains by option contracts: A cooperative game theory approach.EUROPEAN JOURNAL OF OPERATIONAL RESEARCH,207(2),668-675. |
| MLA | Zhao, Yingxue,et al."Coordination of supply chains by option contracts: A cooperative game theory approach".EUROPEAN JOURNAL OF OPERATIONAL RESEARCH 207.2(2010):668-675. |
入库方式： OAI收割
来源：数学与系统科学研究院
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