Mechanisms of Collaboration in the Hotel Supply Chain: Two-Stage Ordering Contract and Option Contract

Zhang, Li; Ye, Fei

doi:10.1007/s11424-017-6101-0

Cited by 4 publications

(3 citation statements)

References 24 publications

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“…Option contract is a high flexible contract with strong operability in practice [14], [15], [16]. It increases the elasticity of the supply chain and makes the enterprises cope with uncertain demand flexibly, reducing the risk of demand change faced by enterprises and avoiding the loss caused by excessive ordering [17], [18].…”

Section: Literature Reviewmentioning

confidence: 99%

Production Capacity Reserve and Supply Chain Coordination Based on Option Contract

Li,

Zhang

2024

IEEE Access

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Under the e-commerce environment, the network direct selling mode is developing rapidly, which is an important way for enterprises to reduce logistics costs and storage risks and win survival and development. In this paper, the order and dual reserve decision model is constructed based on option contract under the direct selling mode. In order to reduce losses caused by uncertain demand, we investigate the manufacturer's optimal purchase decisions of spot and option, as well as the supplier's optimal physical

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Section: Literature Reviewmentioning

confidence: 99%

Production Capacity Reserve and Supply Chain Coordination Based on Option Contract

Li,

Zhang

2024

IEEE Access

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“…This paper introduces the ant colony algorithm (ACA) into the hotel SCM mode for optimization, simulates the strategy of ant colony path optimization, and works out a unified material demand, production, and distribution plan through the trade-off between local cost and global cost, so as to unify and coordinate the control of various business departments (Zhang & Ye, 2018). Ant colony optimization algorithm is a new type of simulated evolutionary algorithm (Turken et al,2020).…”

Section: Research On Improvement Of Hotel Supply Chain Resource Manag...mentioning

confidence: 99%

Research on Improvement of Hotel Supply Chain Resource Management Decision in the Era of Big Data

Yuan

2023

International Journal of Information Systems and Supply Chain Management

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Hotel supply chain management (SCM) refers to the material service that takes a hotel as the core object. At present, the main method is centralized SCM, which uses integer programming or mixed integer programming to establish and solve the allocation management of various resources among hotels in the supply chain. In this article, based on ant colony algorithm (ACA), the hotel SCM mode is studied and optimized. The research shows that the convergence path is A-S4-M3-L3-D1-R1-T. Therefore, the optimal partner combination meeting the requirements of the supply chain is S4, M3, L3, D1 and R1. The experiment shows that the max-min ACA is effective to solve the problem of partner selection in hotel supply chain. By using enterprise management technology, information technology, network technology and SCM technology under ACA, the effective rules and control of information flow, logistics, capital flow, business flow and value flow in the whole supply chain can be achieved, and the maximum benefit of the whole hotel supply chain can be realized.

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“…Ye et al (2019) integrate the overbooking strategy with the cooperation between the hotel and the OTA website in dual-channel supply chain, but they do not study overbooking problem in the hotel’s cooperation with the promoter. Zhang and Ye (2018) study the optimal decision of hotel and OTA under different cooperation contract models, but they do not consider the cooperation between the hotel and the promoter. Zhou et al (2018) analyze the cooperation coordination of a dominant hotel and two promoters cooperating with the hotel.…”

Section: Literature Reviewmentioning

confidence: 99%

Contract design for a multi-channel hotel service supply chain

Zeng

Shi

Xie

2019

NBRI

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Purpose This paper aims to reduce the confliction between different retail channels. Design/methodology/approach By investigating a game-theoretic model consisting of a dominant hotel, a promoter and an OTA, the authors analyze the optimal amount of reserved rooms on the hotel's official website and realize the coordination between the hotel and the promoter with an appropriate contact. Findings When the gap between promoter’s reservation profits under different promotion cost coefficients is reasonable, complete coordination can be achieved in the supply chain. In addition, numerical examples are conducted to show that the profit of hotel and supply chain can be maximized with a moderate amount of reserved rooms on OTA. Research limitations/implications The authors only focus on one OTA scenarios, which overlooks the competition between OTAs. Practical implications Coordination strategy can fierce the increase on profit when the customer conversion rate increases. Originality/value The authors propose a contract menu to help the hotel avoid the profit loss under asymmetric promotion cost information.

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Mechanisms of Collaboration in the Hotel Supply Chain: Two-Stage Ordering Contract and Option Contract

Cited by 4 publications

References 24 publications

Production Capacity Reserve and Supply Chain Coordination Based on Option Contract

Production Capacity Reserve and Supply Chain Coordination Based on Option Contract

Research on Improvement of Hotel Supply Chain Resource Management Decision in the Era of Big Data

Contract design for a multi-channel hotel service supply chain

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