Supply contracting and process innovation in a dynamic supply chain with information asymmetry

Ni, Jian; Zhao, Jianli; Chu, Lap Keung

doi:10.1016/j.ejor.2020.06.008

Cited by 52 publications

(20 citation statements)

References 30 publications

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“…Wei and Wang used differential game methods to study the interaction between carbon reduction technology innovation and government intervention, under decentralized and centralized decisions, respectively [27]. The other issues studied by scholars in the dynamic situation of the supply chain also include brand and goodwill [28,29], cooperative advertising [30], carbon emission [31][32][33], corporate social responsibility [34], the internet recycling decision [35], process innovation [36], and so on.…”

Section: Dynamic Models In Supply Chainsmentioning

confidence: 99%

Comparative Analysis of Government Subsidy Policies in a Dynamic Green Supply Chain Considering Consumers Preference

2021

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Governments formulate different subsidy policies to incentivize manufacturers to produce green products, and these policies may have different subsidy effects. The purpose of this study is to compare and analyze the dynamic effects of different subsidy policies to the manufacturer in a green supply chain composed of a manufacturer and a retailer. Three differential game models, considering the consumers preference, are established under three subsidy policies, and the corresponding optimal equilibrium strategies of the supply chain members are analyzed. An example is used to compare the effects of the three policies under the equal government subsidy expenditure. The study finds that the rankings of indexes to evaluate steady-state subsidy effects under the different subsidy policies are time invariant, and the government can preliminarily evaluate these policies according to different subsidy goals. The rankings of indexes to evaluate phased subsidy effects under these policies are time varying. If both subsidy effects and subsidy efficiencies in steady state are taken into account, the optimal selection paths of subsidy policies in the whole period can be obtained. The subsidy effects of the same policy are amplified under the condition of equal steady-state subsidy expenditure, but the rankings of effect indexes under the different subsidy policies are not affected.

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Section: Dynamic Models In Supply Chainsmentioning

confidence: 99%

Comparative Analysis of Government Subsidy Policies in a Dynamic Green Supply Chain Considering Consumers Preference

2021

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“…In particular, the study categorized the extant research literature in three broad dimensions, namely, demand information updation, supply information updation and information asymmetry. Ni et al (2021) devised a differential game theoretic model of a dynamic supply chain with process innovation wherein the two entities involved in the game were the manufacturer and the supplier. The study ascertained that under information asymmetry, the supplier will set typically higher wholesale price but lower quantities with manufacturers having higher process innovation level.…”

Section: Literature Reviewmentioning

confidence: 99%

Evolving a bi-objective optimization model for an after sales supply chain in presence of information asymmetry and service level requirement

Goswami

Daultani

Tripathi

2021

IJQRM

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PurposeOptimization of resources related to man, money, manpower and those related to organization is critical in context of after-sales supply chains. Many times, organizational objectives in terms of resource optimization and providing superior customer experience might be conflicting, however.Design/methodology/approachOne such instance is when customers expect near 100% service level in which case the organizational costs to meet such high service level goes up significantly. To this end, in this research a novel bi-objective optimization model has been evolved for a typical after-sales service supply chain network constituted of the manufacturer, the retailer and the customer. The first objective function pertains to maximization of the manufacturer's and the retailer's profit. The second objective function is related to the minimization of tardiness of order fulfilment (by the retailer) for the customer.FindingsEmploying a small problem instance, the authors generate a number of findings related to service level and information asymmetry. In particular, the authors observe that achieving best possible manufacturer-retailer profit and at the same time 100% service level is a mathematical impossibility. Furthermore, reducing information asymmetry between the customer and the retailer (as opposed to reducing information asymmetry between the retailer and the manufacturer) actually yields higher profits for the manufacturer-retailer pair.Originality/valueThis research describes the mathematical structure of a three-tier after-sales supply chain wherein information quality and service level requirements are key constraints. Furthermore, the study evolves the bi-objective optimization model as a formulation that can drive the operational decisions of manufacturers and retailers who are part of such after-sales service supply chains.

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“…Yao et al [54] investigate the effect of information sharing and menu of contracts on the efficiency of the distribution channel. Ni et al [39] investigate information asymmetry regarding the performance of the process innovation under menu of contracts. Yang et al [53] explore the efficiency of the reverse supply chain under information sharing and contract scheme.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Socially concerned periodic review replenishment system with customer service level and supply chain contracting

et al. 2021

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This study contributes to the periodic review inventory system literature by: (1) investigating customer service level (CSL) as a social responsibility in pharmaceutical supply chains (PSCs) and (2) proposing supply chain contracting to achieve win-win coordination and guarantee a satisfied CSL. Specifically, considering the demand uncertainty as one of the main challenges faced by pharmacies, we analyze how applying contracts to coordinate the inventory policy of a pharmacy with that of its supplier can affect their profits and the CSL offered to society. Having shown the advantages of the centralization compared to the decentralization, we design a coordination scheme based on the quantity discount contract to encourage the players move towards centralization. Under the proposed scheme, we first obtain the minimum and maximum acceptable amounts of discount from each actor’s viewpoint. Then, we propose a benefit-sharing strategy in order to make the plan interesting to both sides. The proposed discount contract and benefit-sharing strategy distribute the extra profits equitably between the two participants according to their bargaining power, which can make a win-win condition for two actors. Our results suggest that coordinating review period and order-up-to-level of the retailer and replenishment multiplier of the supplier will be of benefit in terms of both economic profitability and social responsibility.

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Supply contracting and process innovation in a dynamic supply chain with information asymmetry

Cited by 52 publications

References 30 publications

Comparative Analysis of Government Subsidy Policies in a Dynamic Green Supply Chain Considering Consumers Preference

Comparative Analysis of Government Subsidy Policies in a Dynamic Green Supply Chain Considering Consumers Preference

Evolving a bi-objective optimization model for an after sales supply chain in presence of information asymmetry and service level requirement

Socially concerned periodic review replenishment system with customer service level and supply chain contracting

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