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We study the coordination of production decisions for multiple products among many manufacturers and many suppliers, each with private information about its own objective and its own production capabilities. Our methodology does not require a probabilistic model of the beliefs of each decision...
Persistent link: https://www.econbiz.de/10014044473
In a 2008 survey of 138 companies, 58% reported that they suffered financial losses within the last year due to a supply disruption. This article emphasizes the challenges and opportunities in supply risk management arising from the decentralized nature of supply chains and highlight how supply...
Persistent link: https://www.econbiz.de/10014045154
Frequently, manufacturers experience supply disruptions due to supplier bankruptcies. Manufacturers can increase supplier reliability by providing suppliers subsidies in excess of suppliers' production costs. We examine the optimal subsidy decisions of manufacturers in four supply chain...
Persistent link: https://www.econbiz.de/10014045155
We show that an easily computed and simply structured policy for making workorder decisions is optimal in the Clark-Scarf inventory model. That is a model of a make-to-stock multistage serial manufacturing process with convex costs of finished goods inventory, a set-up cost for purchasing,...
Persistent link: https://www.econbiz.de/10014045156
Credit provides a means for uninsured households and businesses to manage disaster losses, but access to credit may be tenuous after severe events. Using lender fixed effects models, we examine how natural disasters affect the amount of credit supplied by community lenders in developing and...
Persistent link: https://www.econbiz.de/10012967533
Blockchain is a form of distributed ledger technology (DLT) that has grown in prominence, although its full potential and possible downsides are not yet fully understood, especially with respect to Operations Management (OM). This manuscript contributes to filling in this gap. We identify three...
Persistent link: https://www.econbiz.de/10012912864
We compare a Blockchain-based Supply Chain Finance system with traditional bank-based Supply Chain Finance solutions, using a three-tier supply chain model. Our model features financing frictions due to moral hazard with respect to product quality and dynamic updates of collateral-asset-value...
Persistent link: https://www.econbiz.de/10013226110