A behavioral investigation of supply chain contracts for a newsvendor problem in a developing economy

Castañeda, Jaime Andrés; Brennan, Mark; Goentzel, Jarrod

doi:10.1016/j.ijpe.2018.12.024

Cited by 17 publications

(9 citation statements)

References 61 publications

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“…Empirical operations work on lower‐income economies addresses manufacturing and/or firms in Asia. Empirical studies document manufacturers’ problems (e.g., Amoako‐Gyampah & Boye, 2001; Castañeda et al., 2019) and those of firms in the Indian and Chinese markets (e.g., Dong et al., 2016; Shou et al., 2016; Sreedevi & Saranga, 2017; Wang et al., 2016). These studies use convenience samples, often from online surveys or business plan competitions.…”

Section: Literaturementioning

confidence: 99%

“…There is a need, then, for empirical research to highlight innovative strategies organic to lower-income economies, especially the few proactive yet informal ones, or for experimental work to evaluate the potential of existing strategies from higher-income ones (see Castañeda et al, 2019). A Production and Operations Management manager in a 12,000-person city joked about the reliance on proactive inventory strategies popular in high-income countries like Kanban: "We are not Japanese.…”

Section: Implications For Researchmentioning

confidence: 99%

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Operations, risk, and small firms: Field results from irrigation equipment vendors in Senegal

Brennan

Graves

Spielberg

et al. 2022

Production and Operations Management

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What are supply chain management challenges in a lower-income economy, and how do managers at smaller firms address them? This field study presents these challenges from the perspective of the 60 managers who run firms selling irrigation equipment in Senegal. By canvasing 35 cities, we gain unique visibility into how private supply chains, on which public officials and smallholder farmers in Africa rely, effectively deliver agricultural goods. The primary challenges for managers in this supply chain are day-to-day risks that are quality and contractual in nature and have financial implications. City size in combination with supplier type, firm size, and manager network determine risk exposure. Firms' efforts to manage the chain are more reactive than proactive and more informal than formal, which reveals an opportunity for public agencies to support supplier and customer coordination. Public decision makers should tailor support to account for the differential risks that city size brings to supply chain management. This support should include not just financing the firms directly but should also entail giving loans to customers, certifying suppliers, and sharing inventory risk with public and nonprofit partners.

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Section: Literaturementioning

confidence: 99%

Section: Implications For Researchmentioning

confidence: 99%

Operations, risk, and small firms: Field results from irrigation equipment vendors in Senegal

Brennan

Graves

Spielberg

et al. 2022

Production and Operations Management

Self Cite

View full text Add to dashboard Cite

show abstract

“…Manufacturers usually have the option to choose from several types of supply contracts, including long-term, mid-term, and short-term contracts (Castañeda et al, 2019). While research has shown that the importance of such contracts for the supply chain is critical, there are only a few ways to optimally select contracts under different conditions, and few studies have been conducted in this area (Kouvelis & Zhao, 2015).…”

Section: Independent Journal Of Management and Production (Ijmandp)mentioning

confidence: 99%

Supply chain contract selection in the healthcare industry: a hybrid mcdm method in uncertainty environment

Meidutė‐Kavaliauskienė

Ghorbani

2021

Ind. Jour. Manag. & Prod.

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The aim of this research study is to address a critique of how and when a supply chain contract is selected based on critical success factors (CSFs) utilizing stepwise weight assessment ratio analysis (SWARA) and Evaluation by an Area-based Method of ranking (EAMR). This research study ranked supply chain contracts by the EAMR in uncertainty environments, such as when breaking down the health care industry. This is done by providing a theoretical framework for sustainable entrepreneurship in telecommunications industry, focusing on managerial and operational practices that should be modified, in accordance to a set of CSFs identified from experts in fertility hospital. As a novel strategy, in this research, the initial factors of selecting customized Supply Chain Management (SCM) were extracted via a Delphi method along with the EAMR to symbolize a decision matrix that needs primary weights acquired through the SWARA method by hesitant fuzzy number. CSFs for achieving SCM contract selection in fertility hospitals were found to rely on a tripod based on effectiveness, transparency, and accountability that are embedded within the ambit of managerial and operational practices, such as focusing and reducing cost and based on these factors the best SCM contract must be selected. Besides, the EAMR method has more reliability than other similar MCDM methods such as TOPSIS, MOORA, VIKOR, and so on main contribution of this paper is the combination of SWARA, EAMR, and using hesitant fuzzy set in the EAMR method. Finally, the result indicates that hospitals based on these CSFs must be selected contracts.

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“…Yang et al (2014) studied two competing retailers with revenue targets and found that positive and non-positive salvage values could bring different outcomes. A salvage value contract was designed by Castañeda, Brennan, and Goentzel (2019) under which the United Nations World Food Programme would purchase the remaining stock from the manufacturer at salvage value. According to the existing literature, it is clear that most of the research assumed that the salvage value was fixed.…”

Section: Perishable Goods With Salvage Valuementioning

confidence: 99%

A study on green supply chain under capital constraint considering time-varying salvage value

Chan

Chung

2021

International Journal of Production Research

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To reduce environmental pollution and promote sustainable development, more and more suppliers are committed to producing more environmentally friendly products such as green electrical appliances through a green supply chain (GSC) system. However, some suppliers are often limited by a lack of funds in the production and supply process. In this paper, buyer-supported purchase order financing (BPOF) and advance payment discount (APD) are adopted to help the supplier successfully produce green products in a GSC system consisting of a financially constrained supplier and a reputable retailer.Moreover, the salvage values of unsold inventory in most traditional models are fixed, but in real life, the salvage value tends to be time dependent.Therefore, how the time-varying salvage value affects the operation and financing decisions as well as the profit risks is studied. We find that the clearance time of the unsold items affects the optimal order quantity and the supplier's discount rate and the financial institution's optimal interest rate. In addition, the financing equilibrium is BPOF under certain conditions, and the profit risks of the retailer and the entire supply chain are increasing with the order quantity and the clearance time. Finally, our results are verified through numerical analysis.

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A behavioral investigation of supply chain contracts for a newsvendor problem in a developing economy

Cited by 17 publications

References 61 publications

Operations, risk, and small firms: Field results from irrigation equipment vendors in Senegal

Operations, risk, and small firms: Field results from irrigation equipment vendors in Senegal

Supply chain contract selection in the healthcare industry: a hybrid mcdm method in uncertainty environment

A study on green supply chain under capital constraint considering time-varying salvage value

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