| Autor: |
S. Yamini, Rahul R. Marathe |
| Jazyk: |
angličtina |
| Rok vydání: |
2018 |
| Předmět: |
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| Zdroj: |
IIMB Management Review, Vol 30, Iss 3, Pp 242-257 (2018) |
| Druh dokumentu: |
article |
| ISSN: |
0970-3896 |
| DOI: |
10.1016/j.iimb.2018.05.003 |
| Popis: |
Planning fallacy is the tendency to underestimate the duration of a task due to the optimistic bias of individuals. We design a mechanism from the principal's perspective (an original equipment manufacturer (OEM)) to mitigate the optimistic bias of agents (a contract manufacturer (CM) and a supplier) in a serial supply chain. The OEM determines the deadline of agents by explicitly factoring the agent's planning fallacy in the model through the cost under-estimation factor. Further, we prove that threshold based incentives are better than lump-sum bonus to motivate the supplier and the CM to mitigate procrastination of task. Keywords: Planning fallacy, Procrastination, Optimistic bias, Behavioural operations |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
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