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We study a coordination contract for a supplier-retailer channel producing and selling a fashionable product exhibiting a stochastic price-dependent demand. The product's selling season is short, and the supply chain faces great demand uncertainty. We consider a scenario where the supplier...
Persistent link: https://www.econbiz.de/10012758212
We explore buyback contracts in a supplier-retailer supply chain where the retailer faces a price-dependent downward-sloping demand curve subject to uncertainty. We formulate the problem as a supplier-led Stackelberg game and derive explicitly the equilibrium contract parameters along with the...
Persistent link: https://www.econbiz.de/10012846522
In the Industry 4.0 era, emerging technologies such as big data analytics and blockchain can improve supply chain operations by updating information to reduce demand uncertainty and improving data quality. We conduct a theoretical exploration of the values provided by such technologies in the...
Persistent link: https://www.econbiz.de/10012837116
Today, emerging technologies such as big data analytics and block-chain can improve supply chain operations by updating information to reduce demand uncertainty and improving data quality. We conduct a theoretical exploration of the values provided by such technologies in the context of a...
Persistent link: https://www.econbiz.de/10012838350
The classical newsvendor problem seeks to minimize the expected inventory cost or maximize the expected profit. But optimizing an expected value alone does not fully capture the stochastic nature of the newsvendor problem. Inspired by the higher-moment analyses explored in finance literature, we...
Persistent link: https://www.econbiz.de/10012838900
The last decade has witnessed a sharp rising trend in environmental awareness and protection in China. Green supply chain management (GSCM) has been regarded as an innovative and effective tool in China for reducing the negative effects that firms have on the environment. However, the extent to...
Persistent link: https://www.econbiz.de/10012906975
The recent outbreak of COVID-19 has posed serious threats and challenges to global supply chain operations. To survive the crisis, it is critical to rethink the proper setting of global supply chains and reform many related operational strategies. In this paper, we combine a careful literature...
Persistent link: https://www.econbiz.de/10013230310