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Quantifying the efficiency of price-only contracts in push supply chains over demand distributions of known supports
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Du, Donglei, Chen, Bo and Xu, Dachuan (2013) Quantifying the efficiency of price-only contracts in push supply chains over demand distributions of known supports. Omega-International Journal of Management Science, 42 (1). pp. 98-108. doi:10.1016/j.omega.2013.03.004
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WRAP_Chen_Quantifying_efficiency_price_only_contracts.pdf - Accepted Version Download (636Kb) | Preview |
Official URL: http://dx.doi.org/10.1016/j.omega.2013.03.004
Abstract
In this paper, we quantify the efficiency of price-only contracts in supply chains with demand distributions by imposing prior knowledge only on the support, namely, those distributions with support [a, b] for 0 < a <_ b < +1. By characterizing the price of anarchy (PoA) under various push supply chain configurations, we enrich the application scope of the PoA concept in supply chain contracts along with complementary managerial insights. One of our major findings is that our quantitative analysis can identify scenarios where the price-only contract actually maintains its efficiency, namely, when the demand uncertainty, measured by the relative range b/a, is relatively low, entailing the price-only contract to be more attractive in this regard.
| Item Type: | Journal Article | ||||
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| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
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| Divisions: | Faculty of Social Sciences > Warwick Business School > Operational Research & Management Sciences Faculty of Social Sciences > Warwick Business School |
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| Library of Congress Subject Headings (LCSH): | Business logistics, Game theory, Equilibrium (Economics) | ||||
| Journal or Publication Title: | Omega-International Journal of Management Science | ||||
| Publisher: | Pergamon-Elsevier Science Ltd | ||||
| ISSN: | 0305-0483 | ||||
| Official Date: | January 2013 | ||||
| Dates: |
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| Date of first compliant deposit: | 24 December 2015 | ||||
| Volume: | 42 | ||||
| Number: | 1 | ||||
| Page Range: | pp. 98-108 | ||||
| DOI: | 10.1016/j.omega.2013.03.004 | ||||
| Status: | Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Restricted or Subscription Access | ||||
| Funder: | Natural Sciences and Engineering Research Council of Canada (NSERC), Beijing Shi jiao yu wei yuan hui [Beijing Municipal Education Commission] | ||||
| Grant number: | 283106 (NSERC), KM201210005033 (BMEC) |
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