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Author: Karl Inderfurth
Publisher:
ISBN:
Category :
Languages : en
Pages : 37
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Author: Karl Inderfurth
Publisher:
ISBN:
Category :
Languages : en
Pages : 37
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Author: Guido Vogt
Publisher: Springer Science & Business Media
ISBN: 3642201326
Category : Business & Economics
Languages : en
Pages : 208
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Book Description
Information sharing is frequently promoted as a mean to improve the supply chain performance. This work shows the results of behavioral experiments, in which the participants share private information in order to influence the contract terms in a Just-in-Time environment. It is shown that the impact of information sharing is ambiguous, and dependent on several factors, such as contract flexibility and complexity or the interacting behavioral types. The experimental results form the basis for a behavioral principal-agent model that gives valuable insights on how the interaction of trust, trustworthiness and the information sharing strategy impacts the supply chain performance.
Author: Guido Vogt
Publisher: Springer
ISBN: 9783642201318
Category : Business & Economics
Languages : en
Pages : 181
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Book Description
Information sharing is frequently promoted as a mean to improve the supply chain performance. This work shows the results of behavioral experiments, in which the participants share private information in order to influence the contract terms in a Just-in-Time environment. It is shown that the impact of information sharing is ambiguous, and dependent on several factors, such as contract flexibility and complexity or the interacting behavioral types. The experimental results form the basis for a behavioral principal-agent model that gives valuable insights on how the interaction of trust, trustworthiness and the information sharing strategy impacts the supply chain performance.
Author: Karl Inderfurth
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Noam Shamir
Publisher:
ISBN:
Category :
Languages : en
Pages :
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This dissertation is comprised of three essays that explore various research questions related to incentives for information sharing in decentralized supply chains. The first essay, in chapter 2, introduces a new motivation for information sharing in decentralized supply chains - as a mechanism to achieve truthful information sharing and reduce signaling costs. In this essay I study a two echelon supply chain with one manufacturer selling a homogenous product to n price setting competing retailers, and each retailer is endowed with private information about the potential market demand. I first examine the incentives of the retailers to share information when the shared information is verifiable, and I demonstrate that the retailers have an incentive to share information with each other but conceal this information from the manufacturer. However, when the retailers share non-verifiable information, I show that by means of pure communication (cheap talk) no information can be exchanged. In order to overcome the problem of sharing non-verifiable information and induce the retailers to share information truthfully as their strategic choice, two signaling games are analyzed. In the first one, information is shared only between the retailers, and in the second, information is shared in a credible manner with the manufacturer as well. The emphasis of this paper is to understand the effect of exposing the manufacturer to the shared information on the ability of the retailers to reach an information sharing equilibrium. I show that under some conditions, when the retailers share non-verifiable information, they prefer to share this information with the manufacturer. As opposed to conventional wisdom, I also demonstrate that the supply chain can be better-off under settings of asymmetric information when the retailers choose to share their private information with the manufacturer. The second essay, in chapter 3, explores the value of observing demand information in a repeated procurement model between a manufacturer and his supplier. In many supply chain relationships that last over multiple periods, information about hidden properties of the supply chain partners can be revealed during the course of the relationship. This essay examines how the availability of such information affects the contracting scheme between a supplier and his manufacturer in a relationship that lasts over two selling seasons. At the beginning of the first selling season the manufacturer observes private information about the demand distribution, whereas the supplier who is less familiar with the market is endowed only with the prior distribution of the market condition. When the supplier cannot observe the demand realization during the first selling period, under many circumstances he offers a contract that induces the manufacturer to reveal the market condition in the first selling season. In contrast with the case in which no information is available to the supplier, the opportunity to observe demand realization during the first selling season can result in the supplier offering the manufacturer a contract that does not induce the manufacturer to reveal his private information during the first selling season and then offer a second period contract which is based on the first selling season demand realization. I show that when the supplier chooses to offer such a contract the manufacturer becomes worse off, and it has an ambiguous effect on the performance of the supply chain. Although sharing demand information with the supplier makes the manufacturer worse off, the manufacturer is always willing to share such information with his supplier. The third essay, in chapter 4, examines the incentives of retailers, looking to establish a cartel, to share information with their mutual manufacturer. Many researchers have emphasized the importance of communication to establish a cartel. Sharing information among the cartel members allows the cartel to coordinate on the optimal pricing scheme and monitor for possible deviations from the cartel strategy. Anti-trust authorities view information sharing practices as a possible signal for collusion, and economists asked whether information sharing between competing firms should be banned. In this essay I demonstrate how, even without direct information sharing between the cartel members, the retailers are able to exchange information about the market condition by sharing information with their mutual manufacturer. When the retailers share information with their manufacturer, the manufacturer uses the shared information to set the wholesale price to match the market condition. The retailers use the posted wholesale price to solve their coordination problem and set the monopoly price. When the manufacturer faces the decision whether to receive information from the retailers he weighs the trade-off between receiving information about the market, which helps him to set the wholesale price, and assisting the retailers to establish a cartel, which limits his sold quantity. When the retailers need to make this decision they weigh the fact that the posted wholesale price can solve their coordination problems against providing the manufacturer with better information. I demonstrate that there are cases in which both the retailers and the manufacturer are better-off sharing information, and that vertical information sharing can facilitate horizontal tacit collusion.
Author: Institute for Operations Research and the Management Sciences. National Meeting
Publisher:
ISBN:
Category : Industrial management
Languages : en
Pages : 644
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Author: Turan Paksoy
Publisher: CRC Press
ISBN: 1000245101
Category : Technology & Engineering
Languages : en
Pages : 369
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Book Description
Industrial revolutions have impacted both, manufacturing and service. From the steam engine to digital automated production, the industrial revolutions have conduced significant changes in operations and supply chain management (SCM) processes. Swift changes in manufacturing and service systems have led to phenomenal improvements in productivity. The fast-paced environment brings new challenges and opportunities for the companies that are associated with the adaptation to the new concepts such as Internet of Things (IoT) and Cyber Physical Systems, artificial intelligence (AI), robotics, cyber security, data analytics, block chain and cloud technology. These emerging technologies facilitated and expedited the birth of Logistics 4.0. Industrial Revolution 4.0 initiatives in SCM has attracted stakeholders’ attentions due to it is ability to empower using a set of technologies together that helps to execute more efficient production and distribution systems. This initiative has been called Logistics 4.0 of the fourth Industrial Revolution in SCM due to its high potential. Connecting entities, machines, physical items and enterprise resources to each other by using sensors, devices and the internet along the supply chains are the main attributes of Logistics 4.0. IoT enables customers to make more suitable and valuable decisions due to the data-driven structure of the Industry 4.0 paradigm. Besides that, the system’s ability of gathering and analyzing information about the environment at any given time and adapting itself to the rapid changes add significant value to the SCM processes. In this peer-reviewed book, experts from all over the world, in the field present a conceptual framework for Logistics 4.0 and provide examples for usage of Industry 4.0 tools in SCM. This book is a work that will be beneficial for both practitioners and students and academicians, as it covers the theoretical framework, on the one hand, and includes examples of practice and real world.
Author: Haresh Gurnani
Publisher: Springer Science & Business Media
ISBN: 0857297783
Category : Technology & Engineering
Languages : en
Pages : 339
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Book Description
One of the most critical issues facing supply chain managers in today’s globalized and highly uncertain business environments is how to deal proactively with disruptions that might affect the complicated supply networks characterizing modern enterprises. Supply Chain Disruptions: Theory and Practice of Managing Risk presents a state-of the-art perspective on this particular issue. Supply Chain Disruptions: Theory and Practice of Managing Risk demonstrates that effective management of supply disruptions necessitates both strategic and tactical measures – the former involving optimal design of supply networks; the latter involving inventory, finance and demand management. It shows that managers ought to use all available levers at their disposal throughout the supply network – like sourcing and pricing strategies, providing financial subsidies, encouraging information sharing and incentive alignment between supply chain partners – in order to tackle supply disruptions. The editors combine up-to-date academic research with the latest operational risk management practices used in industry to demonstrate how theoreticians and practitioners can learn from each other. As well as providing a wealth of knowledge for students and professors who are interested in pursuing research or teaching courses in the rapidly growing area of supply chain risk management, Supply Chain Disruptions: Theory and Practice of Managing Risk also acts as a ready reference for practitioners who are interested in understanding the theoretical underpinnings of effective supply disruption management techniques.
Author: Eleftherios Iakovou
Publisher: John Wiley & Sons
ISBN: 1118930754
Category : Technology & Engineering
Languages : en
Pages : 335
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Book Description
An interdisciplinary framework for managing sustainable agrifood supply chains Supply Chain Management for Sustainable Food Networks provides an up-to-date and interdisciplinary framework for designing and operating sustainable supply chains for agri-food products. Focus is given to decision-making procedures and methodologies enabling policy-makers, managers and practitioners to design and manage effectively sustainable agrifood supply chain networks. Authored by high profile researchers with global expertise in designing and operating sustainable supply chains in the agri-food industry, this book: Features the entire hierarchical decision-making process for managing sustainable agrifood supply chains. Covers knowledge-based farming, management of agricultural wastes, sustainability, green supply chain network design, safety, security and traceability, IT in agrifood supply chains, carbon footprint management, quality management, risk management and policy- making. Explores green supply chain management, sustainable knowledge-based farming, corporate social responsibility, environmental management and emerging trends in agri-food retail supply chain operations. Examines sustainable practices that are unique for agriculture as well as practices that already have been implemented in other industrial sectors such as green logistics and Corporate Social Responsibility (CSR). Supply Chain Management for Sustainable Food Networks provides a useful resource for researchers, practitioners, policy-makers, regulators and C-level executives that deal with strategic decision-making. Post-graduate students in the field of agriculture sciences, engineering, operations management, logistics and supply chain management will also benefit from this book.
Author: Deborah Kay Elms
Publisher:
ISBN: 9789287038821
Category : Business & Economics
Languages : en
Pages : 409
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Book Description
A collection of papers by some of the world's leading specialists on global value chains (GVCs). It examines how GVCs have evolved and the challenges they face in a rapidly changing world. The approach is multi-disciplinary, with contributions from economists, political scientists, supply chain management specialists, practitioners and policy-makers. Co-published with the Fung Global Institute and the Temasek
