Work

Coordination of Time-Varying Price Supply Chain with Risk-Averse Members under Random Order Response Time

Year: 2020

Type: article

Abstract: A joint contract is proposed to coordinate the time-varying supply chain of risk-averse manufacturers and retailers. The joint contract uses price reduction subsidies and revenue-sharing strategies to enable manufacturers and retailers to share risks and achieve overall coordination of the supply chain. Firstly, a centralized and a decentralized decision-making model of the risk-averse supply chain are established. On this basis, reasons for the supply chain failure to coordinate are analyzed, and a joint contract is designed. Then, the specific form of the joint contract is given. Finally, the coordination effect of the joint contract is quantitatively analyzed through numerical analysis.

Source: Mathematical Problems in Engineering

DOI: 10.1155/2020/4013215

Authors: Shuanjun Song, Minyan Zhang, Sheng Hu

Institution: Xi'an Polytechnic University

Language: English

Topic: Supply Chain and Inventory Management

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $2,550

Funders: National Natural Science Foundation of China, Xi'an Polytechnic University