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The Supply Hub could be applied to the downstream in the supply chain. The research showed that Supply Hub could integrate supply chain system in the corresponding stages, strengthen information sharing and supply chain coordination. The paper studied a supply chain with multiple manufacturers and multiple retailers dealing with a single product, established models of supply chains with and without...
Under the prospect theory and the principal-agent theory, this paper studies the markdown money contract under asymmetric information when the supply chain is composed of a risk neutral retailer and a loss-averse supplier. It studies the order behaviors of the retailer when the information of retailer's sale cost is symmetric and asymmetric to the supplier respectively. It finds out within the markdown...
Supply chain is an important source of external knowledge and value creation. Similar with the knowledge flow in enterprise, the knowledge flow between enterprises in supply chain is pushed by the mechanism of knowledge market. There exists knowledge market between enterprises in supply chain. In this paper, the knowledge trade model of knowledge market in supply chain is analyzed on the basis of...
In a two-echelon supply chain under consignment contract with revenue sharing, firstly, the manufacturer reports his manufacturing cost to the retailer; secondly, for each item sold, the retailer deducts a percentage from the selling price and remits the balance to the supplier according to the manufacturer's manufacturing cost reported; thirdly, the supplier decides on the retail price and delivery...
The coordination problem of a supply chain with one supplier and one retailer is analyzed under the condition that the cost information of the retailer is asymmetric. A revenue-sharing contract model is established, in the model, the supplier have the decision-making power of wholesale price and revenue sharing ratio, and the retailer have the decision-making power of hiding the information of marginal...
Simulation studies for the operation process of supply chain are helpful to find the factors which the bullwhip effect was caused by, and the measures weaken the bullwhip effect. A simulation model, using control theory and MATLAB, was developed to describe a three-echelon supply chain inventory control system under asymmetric information. In the simulation model, a non-linear controller was used...
Coordination issue is addressed in a supply chain with uncertain demand. The chain consists of one upstream supplier and one downstream retailer, both of whom are risk-averse, and the supplier isn't quite aware of the retailer's risk aversion structure. The supplier's optimal contracts under full information and asymmetric information are derived and compared to investigate the impact of risk aversion...
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