Incentive information sharing in various market structures

Yan, Ruiliang; Pei, Zhi

doi:10.1016/j.dss.2015.03.003

Cited by 20 publications

(10 citation statements)

References 46 publications

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“…That VIS improves the performance of a supply chain, as we find in this paper, is a result common to many others, including Yan and Pei () and He et al (). Again, there are many differences in specifications.…”

Section: The Model and The Case: Discussion And Conclusionsupporting

confidence: 87%

“…The main stream of literature relevant to our study is that on information sharing. Information is a “classical topic in economic literature” (Zhang & Chen, , p.179), and many researchers consider information sharing to be an effective means of improving the performance of supply chains (Koçoğlu, İmamoğlu, İnce, & Keskin, ; Lieberman & Asaba, ; Prajogo & Olhager, ; Yan & Pei, ). Information sharing is among the most popular coordination mechanisms in supply chains (Govindan, Popiuc, & Diabat, ).…”

Section: Literature Reviewmentioning

confidence: 99%

“…The present paper, on incentives for VIS between a retailer and a supplier, follows, for example, Yan and Pei () who also studied incentives for sharing but in different market structures. Another difference is that we propose a new way—through profit sharing—of determining incentives for sharing information.…”

Section: Literature Reviewmentioning

confidence: 99%

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Information and profit sharing between a buyer and a supplier: Theory and practice

Liu

Jacobson

2017

Manage Decis Econ

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This paper is about aspects of an optimal relationship between 2 firms, a supplier and a retailer, in a 2-party supply chain. The focus is on sharing private information when demand uncertainty exists so as to better coordinate the supply chain. It draws inspiration from a real case in Ireland of a new fish-processing company, Oceanpath, and a supermarket chain, Superquinn, in which information was shared. The argument is that sharing the retailer's information increases supply chain profit, as well as benefiting consumers. Profit sharing will be needed to guarantee that both the retailer and the supplier gain when information is shared. | INTRODUCTIONThis paper explores the relationship between two firms, a supplier and a retailer/buyer in a two-party supply chain. The study is inspired by an actual case involving Oceanpath, a fish-processing company, and Superquinn, a supermarket chain, in Ireland. The focus is on information sharing. We ask who benefits, including in the frame both of the parties and the consumers. The mechanism established and the conclusions reached, however, can be applied more generally and as such may guide practitioners. In particular, they may be applicable to the increasingly important area of the Internet of Things (IoT). At its most basic, the IoT is "everyday devices automatically exchanging informa-

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Section: The Model and The Case: Discussion And Conclusionsupporting

confidence: 87%

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Information and profit sharing between a buyer and a supplier: Theory and practice

Liu

Jacobson

2017

Manage Decis Econ

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“…Yan and Wang, Frazer, and Frazer and Winzar examine the possible consequences of coordination between the franchisor and franchisee. Yan and Pei compare information sharing in various market structures. Their results reveal that firms behaving in the Bertrand model benefit from information sharing only under certain conditions, whereas firms behaving in the Stackelberg model always benefit from information sharing.…”

Section: Literature Reviewmentioning

confidence: 99%

Better Demand Signal, Better Decisions? Evaluation of Big Data in a Licensed Remanufacturing Supply Chain with Environmental Risk Considerations

Niu

Zou

2017

Risk Analysis

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Big data ability helps obtain more accurate demand signal. However, is better demand signal always beneficial for the supply chain parties? To answer this question, we investigate a remanufacturing supply chain (RSC), where demand uncertainty is significant, and the value to reduce environmental risk is large. Specifically, we focus on a licensed RSC comprising an original equipment manufacturer (OEM) and a third-party remanufacturer (3PR). The latter pays a unit license fee to the former, and can be risk averse to the demand of remanufactured products. We show that the OEM and the risk-neutral 3PR always have incentives to improve their big data abilities to increase their profits. However, when the 3PR is risk averse, big data might hurt its profit: the value of big data is positive if its demand signal accuracy is sufficiently low. Interestingly, we find that while information sharing hurts the 3PR, it benefits the OEM as well as the supply chain. Thus, if costly information sharing is allowed, a win-win situation can be achieved. We also find that information sharing generates more valuation when the 3PR is risk averse than that when the 3PR is risk neutral. More importantly, we find that the 3PR's risk attitude and demand signal accuracy can significantly mitigate the negative environmental impact (measured by the amount of the waste): (1) the more risk neutral the 3PR is, the better the environment is; (2) the more accurate demand signal is, the better the environment is.

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“…Bai(2015) concerns the effect of autoregressive parameter with information sharing value. Yan(2015) reveals that the information sharing has no uniform effect on firm performance, the value of information sharing under various circumstances need further study. Most information sharing research concern the retail field or the high tech industry, they had identical products or the retailer compete in price or quantity.…”

Section: Literature Reviewmentioning

confidence: 99%

The Value of China Steam Coal Supply Chain Information Sharing and Impact of Lead-Time and Seasonal Factor

Yang¹,

Mu²,

Wang³

2016

IJUNESST

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Incentive information sharing in various market structures

Cited by 20 publications

References 46 publications

Information and profit sharing between a buyer and a supplier: Theory and practice

Information and profit sharing between a buyer and a supplier: Theory and practice

Better Demand Signal, Better Decisions? Evaluation of Big Data in a Licensed Remanufacturing Supply Chain with Environmental Risk Considerations

The Value of China Steam Coal Supply Chain Information Sharing and Impact of Lead-Time and Seasonal Factor

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