Channel coordination in supply chains with agents having mean-variance objectives☆

Mean-Variance Analysis for Optimal Operation and Supply Chain Coordination in a Green Supply Chain

“…Next, noticing the importance of agents' risk preference on the supply chain decisions including supply chain coordination, studies on not only risk averse agents, but also risk prone agents become increasingly popular in recent years (Choi et al, 2008a;Choi et al, 2008c). Choi et al (2008a) considered the newsvendor problem with different risk preferences (risk averse, risk neutral and risk prone).…”

“…Choi et al (2008a) considered the newsvendor problem with different risk preferences (risk averse, risk neutral and risk prone). Choi et al (2008c) discussed supply chain agents, a retailer and a manufacturer, with the above three risk preferences. They verified the impacts on the optimal order quantity of a single type of a product in a single period and setting the supply chain coordinating contract regarding a wholesale pricing policy when the supply chain agents have different risk preferences under an mean-variance objective which consists of both the expected profit and the variance of profit of supply chain agents.…”

“…This subsection conducts the mean-variance analysis (Choi et al, 2008c;Wu et al, 2009) of individual profits in a GSC for the uncertainty in the product demand. Concretely, by using utility functions of a retailer, a manufacMean-Variance Analysis for Optimal Operation and Supply Chain Coordination in a Green Supply Chain Vol 16, No 1, March 2017, pp.22-43, © 2017 turer, and the whole system in a GSC, the risk analysis is conducted for three types of risk attitudes regarding the uncertainty in the product demand: a risk-neutral attitude (N), a risk-averse attitude (A), and a risk-prone attitude (P).…”

Mean-Variance Analysis of Supply Chain Contracts

“…Implications for setting returns contracts for achieving channel coordination with risk considerations are discussed. Some other recent research works which analyse the risk issues in supply chain management include a qualitative discussion on proactive supply management and its close relationship with risk management (Smeltzer & Siferd 1998), a quantitative analysis of the role of intermediaries in supply chains to reduce financial risk (Agrawal & Seshadri 2000), a mean-variance analysis of single echelon inventory problems (Chen & Federgruen 2000), a study of the risk-free perishable item returns policy with a risk neutral retailer in a two-echelon supply chain (Webster & Weng 2000), an investigation of the use of capacity options in managing risk www.intechopen.com from demand uncertainty (Tan 2002), an analysis of the use of commitment-option for supply chain contract setting with forecast updates (Buzacott et al 2003), a study on contracting scheme with risk preferences considerations (Bassok & Nagarajan 2004), a meanvariance analysis for the newsvendor problem with and without the opportunity cost of stock out (Choi et al 2007a), and a study on channel coordination in supply chains under mean-variance objectives (Choi et al 2007b) …”

Análisis de teoría de juegos en cadenas de suministros de dos niveles, productor-comprador, bajo esquema vendor managed inventory (vmi).

“…Esto implica que los agentes compartan información y/o tomen decisiones en conjunto, lo que hace necesario la implementación de tecnologías de la información para que soporten esta práctica. Por lo anterior, se han desarrollado modelos o estrategias de integración o coordinación a lo largo de la última década, los cuales han demostrado que resultan efectivos en la maximización de los beneficios del sistema [8].…”