Author: Fei Qin
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
A supply chain describes the entire process of providing a product or service from suppliers to customers through various manufacturers, distributors, retailers or other intermediaries. As the goal of supply chain management is to maximize overall supply chain surplus, operations management researchers systematically study inventory management, sourcing strategy and supply-network design from a supply chain perspective. Such an approach can capture the connections and influences of decisions made by individual agents in the supply chain. Understanding the optimal supply chain decisions under various scenarios ultimately helps to design better supply chain strategies to increase overall supply chain profitability. This dissertation proposes three essays using both analytical models and behavioral experiments to explore supply chain strategies in the presence of supply-capacity uncertainty, consumer trade-in services, or human fairness concerns. Specifically, the three essays study the following: 1) The first essay studies how uncertainty in supply capacity affects optimal ordering and pricing decisions, supplier and retailer profits, and incentives to reduce such uncertainty. Surprisingly, if two suppliers sell their identical products indirectly to the market through a retailer, then capacity risk reduction does not necessarily translate into increased profits for the supplier that reduces its risk. 2) The second essay studies the structure of the supply chain facilitating used-product return from, and resale to, end consumers and the impact of structure and key parameters on the effectiveness and efficiency of consumer trade-in programs. We model the typical supply chain structure of the trade-in program and study how the return quality will affect the program efficiency and agent incentives towards individual structures. 3) The third essay is a behavioral study on how private manufacturing cost information may affect channel interactions in the presence of human equity concerns. Under a simple wholesale price-only contract, we show that equity concerns lead pricing decisions to deviate from the standard analytical predictions, which improves channel performance in terms of better supply chain efficiency. As we further explore how fairness perception of agents' affects a supply chain under private production cost information, our results support that preference for equity is robust to bounded rationality, but sensitive to cost information asymmetry.
Supply Chain Strategies in the Presence of Supply Capacity Uncertainty, Consumer Trade-in Services, Or Human Behavioral Biases
Author: Fei Qin
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
A supply chain describes the entire process of providing a product or service from suppliers to customers through various manufacturers, distributors, retailers or other intermediaries. As the goal of supply chain management is to maximize overall supply chain surplus, operations management researchers systematically study inventory management, sourcing strategy and supply-network design from a supply chain perspective. Such an approach can capture the connections and influences of decisions made by individual agents in the supply chain. Understanding the optimal supply chain decisions under various scenarios ultimately helps to design better supply chain strategies to increase overall supply chain profitability. This dissertation proposes three essays using both analytical models and behavioral experiments to explore supply chain strategies in the presence of supply-capacity uncertainty, consumer trade-in services, or human fairness concerns. Specifically, the three essays study the following: 1) The first essay studies how uncertainty in supply capacity affects optimal ordering and pricing decisions, supplier and retailer profits, and incentives to reduce such uncertainty. Surprisingly, if two suppliers sell their identical products indirectly to the market through a retailer, then capacity risk reduction does not necessarily translate into increased profits for the supplier that reduces its risk. 2) The second essay studies the structure of the supply chain facilitating used-product return from, and resale to, end consumers and the impact of structure and key parameters on the effectiveness and efficiency of consumer trade-in programs. We model the typical supply chain structure of the trade-in program and study how the return quality will affect the program efficiency and agent incentives towards individual structures. 3) The third essay is a behavioral study on how private manufacturing cost information may affect channel interactions in the presence of human equity concerns. Under a simple wholesale price-only contract, we show that equity concerns lead pricing decisions to deviate from the standard analytical predictions, which improves channel performance in terms of better supply chain efficiency. As we further explore how fairness perception of agents' affects a supply chain under private production cost information, our results support that preference for equity is robust to bounded rationality, but sensitive to cost information asymmetry.
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
A supply chain describes the entire process of providing a product or service from suppliers to customers through various manufacturers, distributors, retailers or other intermediaries. As the goal of supply chain management is to maximize overall supply chain surplus, operations management researchers systematically study inventory management, sourcing strategy and supply-network design from a supply chain perspective. Such an approach can capture the connections and influences of decisions made by individual agents in the supply chain. Understanding the optimal supply chain decisions under various scenarios ultimately helps to design better supply chain strategies to increase overall supply chain profitability. This dissertation proposes three essays using both analytical models and behavioral experiments to explore supply chain strategies in the presence of supply-capacity uncertainty, consumer trade-in services, or human fairness concerns. Specifically, the three essays study the following: 1) The first essay studies how uncertainty in supply capacity affects optimal ordering and pricing decisions, supplier and retailer profits, and incentives to reduce such uncertainty. Surprisingly, if two suppliers sell their identical products indirectly to the market through a retailer, then capacity risk reduction does not necessarily translate into increased profits for the supplier that reduces its risk. 2) The second essay studies the structure of the supply chain facilitating used-product return from, and resale to, end consumers and the impact of structure and key parameters on the effectiveness and efficiency of consumer trade-in programs. We model the typical supply chain structure of the trade-in program and study how the return quality will affect the program efficiency and agent incentives towards individual structures. 3) The third essay is a behavioral study on how private manufacturing cost information may affect channel interactions in the presence of human equity concerns. Under a simple wholesale price-only contract, we show that equity concerns lead pricing decisions to deviate from the standard analytical predictions, which improves channel performance in terms of better supply chain efficiency. As we further explore how fairness perception of agents' affects a supply chain under private production cost information, our results support that preference for equity is robust to bounded rationality, but sensitive to cost information asymmetry.
Behavioral Supply Chain Contracting
Author: Michael Becker-Peth
Publisher: Kölner Wissenschaftsverlag
ISBN: 3942720191
Category :
Languages : en
Pages : 146
Book Description
Publisher: Kölner Wissenschaftsverlag
ISBN: 3942720191
Category :
Languages : en
Pages : 146
Book Description
Strategic Supply Chain Management with Multiple Products under Supply and Capacity Uncertainty
Author: Suleyman Demirel
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
From Just in Time, to Just in Case, to Just in Worst-Case
Author: Bomin Jiang
Publisher:
ISBN:
Category : COVID-19 Pandemic, 2020-
Languages : en
Pages :
Book Description
Covid-19 highlighted the weaknesses in the supply chain. Many have argued that a more resilient or robust supply chain is needed. But what does a robust supply chain mean? And how do firms' decisions change when taken that approach? This paper studies a very stylized model of a supply chain, where we study how the decision of a multinational corporation changes in the presence of uncertainty. The two standard theories of supply chain are Just-in-time and Just-in-case. Just-in-time argues in favor of pursuing efficiency, while Just-in-case studies how such decision changes when the firm faces idiosyncratic risk. We find that a robust supply chain is very different specially in the presence of systemic shocks. In this case, firms need to concentrate on the worst-case. This strategy implies a supply chain where the allocation of resources and capabilities does not correspond to the standard theories studied in economics, but follow a heuristic behavioral rule called "probability matching". It has been found in nature and in experimental research that subjects appeal to probability matching when seeking survival. We find that a robust supply chain will reproduce this behavioral outcome. In fact, a multinational optimizing under uncertainty, follows a probability matching which leads to an allocation that is suboptimal from the individual producer point of view, but rules out the possibility of supply disruptions.
Publisher:
ISBN:
Category : COVID-19 Pandemic, 2020-
Languages : en
Pages :
Book Description
Covid-19 highlighted the weaknesses in the supply chain. Many have argued that a more resilient or robust supply chain is needed. But what does a robust supply chain mean? And how do firms' decisions change when taken that approach? This paper studies a very stylized model of a supply chain, where we study how the decision of a multinational corporation changes in the presence of uncertainty. The two standard theories of supply chain are Just-in-time and Just-in-case. Just-in-time argues in favor of pursuing efficiency, while Just-in-case studies how such decision changes when the firm faces idiosyncratic risk. We find that a robust supply chain is very different specially in the presence of systemic shocks. In this case, firms need to concentrate on the worst-case. This strategy implies a supply chain where the allocation of resources and capabilities does not correspond to the standard theories studied in economics, but follow a heuristic behavioral rule called "probability matching". It has been found in nature and in experimental research that subjects appeal to probability matching when seeking survival. We find that a robust supply chain will reproduce this behavioral outcome. In fact, a multinational optimizing under uncertainty, follows a probability matching which leads to an allocation that is suboptimal from the individual producer point of view, but rules out the possibility of supply disruptions.
Cases on Supply Chain and Distribution Management: Issues and Principles
Author: Garg, Miti
Publisher: IGI Global
ISBN: 1466600667
Category : Business & Economics
Languages : en
Pages : 462
Book Description
"This book introduces readers to a wide selection of case studies covering a multitude of supply chains in different economies of the world and examines major issues related to supply chain management"--Provided by publisher.
Publisher: IGI Global
ISBN: 1466600667
Category : Business & Economics
Languages : en
Pages : 462
Book Description
"This book introduces readers to a wide selection of case studies covering a multitude of supply chains in different economies of the world and examines major issues related to supply chain management"--Provided by publisher.
Next Generation Supply Chains
Author: Rosanna Fornasiero
Publisher: Springer Nature
ISBN: 3030635058
Category : Technology & Engineering
Languages : en
Pages : 298
Book Description
This open access book explores supply chains strategies to help companies face challenges such as societal emergency, digitalization, climate changes and scarcity of resources. The book identifies industrial scenarios for the next decade based on the analysis of trends at social, economic, environmental technological and political level, and examines how they may impact on supply chain processes and how to design next generation supply chains to answer these challenges. By mapping enabling technologies for supply chain innovation, the book proposes a roadmap for the full implementation of the supply chain strategies based on the integration of production and logistics processes. Case studies from process industry, discrete manufacturing, distribution and logistics, as well as ICT providers are provided, and policy recommendations are put forward to support companies in this transformative process.
Publisher: Springer Nature
ISBN: 3030635058
Category : Technology & Engineering
Languages : en
Pages : 298
Book Description
This open access book explores supply chains strategies to help companies face challenges such as societal emergency, digitalization, climate changes and scarcity of resources. The book identifies industrial scenarios for the next decade based on the analysis of trends at social, economic, environmental technological and political level, and examines how they may impact on supply chain processes and how to design next generation supply chains to answer these challenges. By mapping enabling technologies for supply chain innovation, the book proposes a roadmap for the full implementation of the supply chain strategies based on the integration of production and logistics processes. Case studies from process industry, discrete manufacturing, distribution and logistics, as well as ICT providers are provided, and policy recommendations are put forward to support companies in this transformative process.
Logistics Management and Strategy
Author: Alan Harrison
Publisher: Pearson UK
ISBN: 1292183721
Category : Business logistics
Languages : en
Pages : 607
Book Description
Publisher: Pearson UK
ISBN: 1292183721
Category : Business logistics
Languages : en
Pages : 607
Book Description
Fundamentals of Supply Chain Management
Author:
Publisher: Bookboon
ISBN: 8776817989
Category :
Languages : en
Pages : 112
Book Description
Publisher: Bookboon
ISBN: 8776817989
Category :
Languages : en
Pages : 112
Book Description
Global Value Chains in a Changing World
Author: Deborah Kay Elms
Publisher:
ISBN: 9789287038821
Category : Business & Economics
Languages : en
Pages : 409
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
Publisher:
ISBN: 9789287038821
Category : Business & Economics
Languages : en
Pages : 409
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
Effect of Supply Chain Uncertainties on Inventory and Fulfillment Decision Making
Author: Somak Paul
Publisher:
ISBN:
Category : Business logistics
Languages : en
Pages : 143
Book Description
We hope, this dissertation would expand our understanding of individual decision-making process under the presence of different dimensions of supply chain uncertainty.
Publisher:
ISBN:
Category : Business logistics
Languages : en
Pages : 143
Book Description
We hope, this dissertation would expand our understanding of individual decision-making process under the presence of different dimensions of supply chain uncertainty.