The optimal multi-period modular design with fairness concerns

Li, Qingying

doi:10.1016/j.ijpe.2018.10.007

Cited by 26 publications

(9 citation statements)

References 31 publications

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“…In the context of the supply chain, a behavioral concern can exist at the individual (e.g., consumer) level or the organizational (e.g., firm) level. For example, consumers may have fairness concerns when they make purchasing decisions [19,20]. Firms may be imposed on different risk influences when they make operational decisions [21].…”

Section: Introductionmentioning

confidence: 99%

Sustainability in Supply Chains with Behavioral Concerns

Dong

Shen

et al. 2019

Sustainability

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Environmental sustainability has received considerable attention in industry and academia. Many firms have begun to adopt sustainability practices, such as investing in cleaner technology and using organic or recyclable materials, to enhance sustainability in supply chains. Such sustainability practices affect corporate social responsibility and business performance. On the other hand, when consumers and supply chain managers make decisions, they may be constrained by behavioral concerns. Behavioral concerns can significantly influence optimization in supply chains. Thus, it is critical to consider the impacts of behavioral concerns on sustainability in supply chains. In this paper, we concisely examine studies in sustainability issues in supply chains with behavioral concerns and introduce the papers featured in this Special Issue.

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Section: Introductionmentioning

confidence: 99%

Sustainability in Supply Chains with Behavioral Concerns

Dong

Shen

et al. 2019

Sustainability

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“…Third, in this paper we consider a deterministic investment model in a symmetric information setting. Possible model extensions are to investigate the effects of demand uncertainty (e.g., Dong et al 2016, and information asymmetry (e.g., Li andZhou 2019, Zhang et al 2018) in addition to the framework discussed in this paper.…”

Section: Discussionmentioning

confidence: 99%

“…Katok et al (2014) investigate the performance of a wholesale price contract under the case where the retailer's fairness concern is private information. Studies on fairness concerns in vertical supply chains also explore other operational issues such as manufacturer encroachment , financing with budget constraint (Chen et al 2017b), multi-period modularity design (Li 2018), e-commerce supply chain (Wang et al 2019), and closed-loop supply chain (Ma et al 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Without loss of generality, we assume that retailer 1 pursues profit maximization and retailer 2 has a distributional fairness concern. This means that retailer 2 not only cares about his monetary payoff but also has inequity aversion; that is, retailer 2 has an equity belief on his monetary payoff, and he will suffer an emotional disutility if his profit differs from his equity belief (see, e.g., Cui et al 2007, Li 2018). Thus, inequity aversion includes both disadvantageous inequality (i.e., retailer's profit is less than the equality belief) and advantageous inequality (i.e., retailer's profit is higher than the equality belief).…”

Section: The Modelmentioning

confidence: 99%

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Green product design with competition and fairness concerns in the circular economy era

Guan

Shi

et al. 2019

International Journal of Production Research

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In this paper, we consider green product design in a supply chain consisting of one manufacturer and two retailers, where retailer 1 aims at monetary profit maximization, and retailer 2 has fairness concern. We consider two kinds of green products: a marginal-intensive green product (MIGP) and a development-intensive green product (DIGP). For the former, the green investment cost depends on the green level and the production quantity; while for the latter, the green investment cost depends on the green level solely. In each case, we investigate the impact of the retailer's fairness concern by comparing the optimal solutions and supply chain performance with those in the basic models in which all the supply chain members aim at profit maximization. We find that retailer 2 will set a higher retailing price and earn a smaller market share. Such inferiority increases as retailer 2's inequity aversion increases or as the substitutability degree of the products offered by the two retailers increases. We also find that retailer 2's fairness concern will always harm the manufacturer. If an equity outcome is achieved, the supply chain may achieve a better performance; however, if an inequity outcome is attained, the supply chain always performs worse.

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“…Zhou et al [8] explored the effect of retailer fairness concern on optimal decisions and coordination in a low-carbon supply chain consisting of a manufacturer and a retailer with the government's energysaving emission reduction policies and consumer's low-carbon preference. Li [9] showed that manufacturer distributional fairness concern will strengthen double marginal effect and retailer distributional fairness concern weakens double marginal effect; supply chain coordination cannot be achieved by wholesale price contracts in case of manufacturer or retailer with distributional fairness concern. Zheng et al [10] innovatively applied variable-weighted shapely values to coordinate a closed-loop supply chain with a retailer who has distributional fairness concern.…”

Section: Fairness Concern In Supply Chainmentioning

confidence: 99%

The Impact of Consumers’ Peer-Induced Fairness Concerns on Mixed Retail and E-Tail Channels

Zhao

Wang

Shi

2020

Discrete Dynamics in Nature and Society

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With the rapid development of e-commerce, online retailing has become an important part of the market. In order to improve market competitiveness and increase market share, more and more retailers have opened both regular offline channel and online e-tail channel to sell products. Then how to price becomes an urgent problem for upstream manufacturers and dual-channel retailers when there is price competition between regular channel and e-tail channel, especially when consumers have peer-induced fairness concerns. However, linking consumers’ behavioral factors such as fairness concerns to pricing decisions of mixed retail and e-tail channels draws little attention in the literature on supply chain management. This paper incorporates “consumers’ peer-induced fairness concerns” (CPFC) into pricing decisions in a dyadic supply chain, where dual-channel retailer obtains products from manufacturers and then sells products to consumers through both regular channel and e-tail channel. We use game-theoretic models to analyze the equilibrium pricing strategies under the setting with “symmetry consumers’ peer-induced fairness concerns” (SCPFC) and with “asymmetry consumers’ peer-induced fairness concerns” (ACPFC), respectively. Detailed comparisons and numerical analysis are further conducted to examine the impacts of different types of CPFC on equilibrium pricing strategies and profits.

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The optimal multi-period modular design with fairness concerns

Cited by 26 publications

References 31 publications

Sustainability in Supply Chains with Behavioral Concerns

Sustainability in Supply Chains with Behavioral Concerns

Green product design with competition and fairness concerns in the circular economy era

The Impact of Consumers’ Peer-Induced Fairness Concerns on Mixed Retail and E-Tail Channels

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