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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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Official URL: http://dx.doi.org/10.1016/j.omega.2013.03.004

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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
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Faculty of Social Sciences > Warwick Business School > Operational Research & Management Sciences
Faculty of Social Sciences > Warwick Business School
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:
DateEvent
January 2013Published
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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