4.6 Article

Contract strategies in competitive supply chains subject to inventory inaccuracy

期刊

ANNALS OF OPERATIONS RESEARCH
卷 309, 期 2, 页码 641-661

出版社

SPRINGER
DOI: 10.1007/s10479-021-03969-6

关键词

Inventory inaccuracy; Equilibrium contracting; Supply chain management; Game theory

资金

  1. National Natural Science Foundation of China [71872064, 72071137, 71671119]
  2. Shanghai Pujiang Program [18PJC025]
  3. Qinglan Program of Jiangsu Province
  4. Fundamental Research Funds for the Central Universities [JKN022023001]

向作者/读者索取更多资源

Using a newsvendor model, this study investigates equilibrium contracting strategies in two competing supply chains and their impact on members. The study reveals that consignment contracts no longer dominate when inventory inaccuracy is considered, with wholesale price contracts becoming equilibrium strategies. Additionally, the threshold point of inventory inaccuracy is found to be related to the channel cost-sharing rate and level of competition between supply chains.
We use a newsvendor model to investigate equilibrium contracting strategies and their impact on the members in two competing supply chains that are subject to inventory inaccuracy. The suppliers are Stackelberg leaders and can choose either a wholesale-price contract or consignment contract. As a result, we analyze three cases: the wholesale price contract case, consignment contract case, and hybrid contract case. We first analytically derive the optimal outcomes of each case and then analyze the equilibrium behaviors of suppliers and retailers under both symmetric and asymmetric settings. Our results show that the consignment contract is no longer the dominant strategy for dominant suppliers when inventory inaccuracy is considered, even though it is considered as the channel-coordinating contract format in the traditional supply chain. Specifically, in the symmetric case, the wholesale price contract is the equilibrium contracting strategy when inventory inaccuracy is below a certain threshold. In the asymmetric case, the hybrid scenario occurs when the high-cost supplier chooses the wholesale price contract, and the low-cost supplier chooses the consignment contract when inventory inaccuracy is less than a certain value. Furthermore, our results demonstrate that the threshold point of inventory inaccuracy is interrelated with the channel cost-sharing rate and level of chain-to-chain competition between supply chains.

作者

我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。

评论

主要评分

4.6
评分不足

次要评分

新颖性
-
重要性
-
科学严谨性
-
评价这篇论文

推荐

暂无数据
暂无数据