Contract Coordination Strategy of Supply Chain with Substitution under Supply Disruption and Stochastic Demand

Yan, Rongfang; Lu, Bin; Wu, Jianjun

doi:10.3390/su8070676

Cited by 8 publications

(4 citation statements)

References 28 publications

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“…This assumption can be applied to many real world situations, such as serious natural disasters and attacks from terrorists. Similar assumptions were adopted by previous studies, such as, Li et al [23] and Yan et al [24]. We illustrate the above description of the interaction between the supplier and the retailer in Figure 1.…”

Section: Modelmentioning

confidence: 85%

Retailer’s Procurement Strategy under Endogenous Supply Stability

2017

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Abstract:In this paper, a dynamic model is presented to study retailer's procurement strategy when supply stability is endogenously determined. The optimal supply stability as well as the optimal purchasing strategy are characterized with a quadratic cost function. Based on these models, the following findings are brought about. Firstly, when the difficulty level of building supply stability exceeds a certain threshold, it would be more profitable for the retailer to choose a less reliable supplier. Secondly, given that the suppliers can get positive profit, the retailer would choose the one who has the strongest ability to be reliable. Thirdly, the equilibrium supply to the retailer would always meet the demand on the retailing market. Finally, emergency procurement is shown to be an effective way to reduce the risk of supply chain disruptions. To better fit the real situations, an extended model which considers the impact of the stability on costs is further discussed.

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Section: Modelmentioning

confidence: 85%

Retailer’s Procurement Strategy under Endogenous Supply Stability

2017

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“…Yan, Li, Gao, and Wu [20] Product quality A2 There is a significant positive impact between product quality and enterprise credit. Liu and Feng [21] Product sales volume A3…”

Section: Research Methodology 31 Construction Of a Credit Evaluation ...mentioning

confidence: 99%

A Dynamic Credit Evaluation Approach Using Sensitivity-Optimized Weights for Supply Chain Finance

2023

Teh. vjesn.

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Supply chain financing provides important funding channels for micro and small enterprises (MSEs), but effectively evaluating their creditworthiness remains challenging. Past methods overly rely on static financial indicators and subjective judgment in determining credit evaluation weights. This study proposes a dynamic credit evaluation approach that uses sensitivity analysis to optimize the weighting scheme. An indicator system is constructed based on the unique characteristics of e-commerce MSEs. The weight optimization integrates subjective, objective, and sensitivity-based methods to reflect specific financing scenarios. A system dynamics model simulates the credit evaluation mechanism and identifies the sensitivity of each influencing factor. The resultant comprehensive weights are applied in a TOPSIS-GRA dynamic evaluation model to assess MSE credit levels over time. An empirical analysis of 20 online stores demonstrates the proposed model's advantages in accurately revealing credit rankings relative to conventional static models. This research provides an effective data-driven weighting technique and dynamic evaluation framework for supply chain finance credit assessment.

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“…Feng et al [11] study a retailer's procurement strategy when supply reliability is endogenously determined. Yan et al [23] study a buy-back contract coordination strategy when facing both disruption and demand risks. Wang et al [7] study the dual sourcing strategy and process improvement strategy to mitigate supply risk, respectively.…”

Section: Literature Reviewmentioning

confidence: 99%

Managing Procurement for a Firm with Two Ordering Opportunities under Supply Disruption Risk

Xue¹,

Ya²,

Feng³

2018

Sustainability

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Supply disruption is a common phenomenon in industry, which brings destructive effects to downstream firms and damages the sustainability of the supply chain. To mitigate the supply disruption risk, the authors investigate two types of procurement strategies for a firm with two ordering opportunities. Through establishing Stackelberg game models, the authors drive the supplier’s optimal production, and the firm’s optimal procurement and replenishment strategies under the option purchase (OP) strategy and the procurement commitment (PC) strategy, respectively. The findings show that, under both types of strategies, the firm’s procurement follows a “threshold” principle. Moreover, the firm’s procurement quantity can be represented by two newsvendor solutions. A lower option price or option exercise price benefits the firm, while it damages the supplier. The supplier benefits from a higher mean value (MV) of emergency procurement price and the firm benefits from a lower market demand variability. Counter-intuitively, a lower MV of the emergency procurement price is not always beneficial to the firm. A higher market demand variability could be beneficial to the supplier under the PC strategy. The firm should first choose the PC strategy and then change to the OP strategy as the disruption risk increases.

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Contract Coordination Strategy of Supply Chain with Substitution under Supply Disruption and Stochastic Demand

Cited by 8 publications

References 28 publications

Retailer’s Procurement Strategy under Endogenous Supply Stability

Retailer’s Procurement Strategy under Endogenous Supply Stability

A Dynamic Credit Evaluation Approach Using Sensitivity-Optimized Weights for Supply Chain Finance

Managing Procurement for a Firm with Two Ordering Opportunities under Supply Disruption Risk

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