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The paper analyses the problem of coordination in supply networks of multiple retailers and a single supplier, where partners have asymmetric, private information of demand and costs. After stating generic requirements like distributedness, truthfulness, efficiency and budget balance, we use the...
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Recent literature on supply chain coordination offers a wide range of game theoretic and optimization approaches that ensure efficient planning in the supply chain, but assume that the involved parties have complete information about each other. However, in reality, complete information is...
Persistent link: https://www.econbiz.de/10011043200
In this paper, after surveying short-term two-echelon supply channel coordination methods, we present an extended version of the newsvendor model in which the supplier has to fulfil all demand of the customer, even if this calls for an additional setup of production. Given uncertain demand...
Persistent link: https://www.econbiz.de/10011043214
The principal challenge of inventory control in supply chains is that the interacting autonomous enterprises have to plan their production and logistics under information asymmetry, driven by different, often conflicting objectives. In this paper, four different computational approaches are...
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