Channel coordination of a risk-averse supply chain: a mean–variance approach

Autor:	Arnab Adhikari, Indranil Biswas, Baidyanath Biswas
Rok vydání:	2020
Předmět:	Revenue sharing contract Risk aversion Buyback contract Supply chain Mean variance approach Channel coordination Microeconomics Strategy Economics Mean variance Profitability index Technological advance Research Article Communication channel
Zdroj:	DECISION
ISSN:	2197-1722 0304-0941
DOI:	10.1007/s40622-020-00267-1
Popis:	In the age of rapid technological advancement and digitization, coordination strategy remains an important issue for the supply chain. Additionally, the uncertainty caused by the disruption often induces the risk aversion in the supply chain members. Motivated by this issue, here we propose a coordination mechanism for a risk-averse supply chain using mean–variance approach. Here, we consider both centralized and decentralized cases and show that our analysis holds good for a central planner as well as for a decentralized supply chain under channel coordinating contracts such as buyback and revenue-sharing schemes. With the help of theoretical and numerical analysis, we exhibit how an individual supply chain agent’s risk aversion behavior can impact the contracts selection mechanism - from the profitability perspective. We extend our analysis to a dyadic setting to a single-supplier multiple-retailer network and confirm that pure strategy Nash equilibrium exists when all the retailers are risk-averse with varying risk attitude.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9e9fc1e6e9ab40ad904bffe0aa418cae https://doi.org/10.1007/s40622-020-00267-1 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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