Simple Contracts to Coordinate the Capacity Procurement Model with Asymmetric Demand Information

doi:10.1007/s11424-021-0031-6

	Simple Contracts to Coordinate the Capacity Procurement Model with Asymmetric Demand Information
	Li, Linqiu 1,2; Liu, Ke 1,2
刊名	JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY
	2021-06-28
页码	19
关键词	Asymmetric information capacity investment mechanism design supply chain management
ISSN号	1009-6124
DOI	10.1007/s11424-021-0031-6
英文摘要	This paper studies the important problem of how to coordinate the capacity procurement model with asymmetric demand information. Under the model, the supplier has to secure necessary capacity before receiving a firm order from the manufacturer who possesses private demand information for her product. Optimal supply chain performance requires the manufacturer to share her forecast truthfully and the supplier to build enough capacity. In the literature, some elaborate contracts are designed to solve the problem. However, the authors prove that two simple conventional contracts (linear capacity reservation contract and payback agreement) can coordinate the supply chain and guarantee credible information sharing. Besides, the authors propose a new mechanism in which punishment is imposed in the payment function to bind the parties. To avoid punishment, the firms will choose the best decision for the entire supply chain. The contracts in this paper are all simple and easy to implement. The authors believe this work provides some insights to design coordination contracts in theory or in practice.
资助项目	National Natural Science Foundation of China[72071198]
WOS研究方向	Mathematics
语种	英语
出版者	SPRINGER HEIDELBERG
WOS记录号	WOS:000667621300010
内容类型	期刊论文
源URL	[http://ir.amss.ac.cn/handle/2S8OKBNM/58878]
专题	中国科学院数学与系统科学研究院
通讯作者	Li, Linqiu
作者单位	1.Univ Chinese Acad Sci, Beijing 100190, Peoples R China 2.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100190, Peoples R China
推荐引用方式 GB/T 7714	Li, Linqiu,Liu, Ke. Simple Contracts to Coordinate the Capacity Procurement Model with Asymmetric Demand Information[J]. JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY,2021:19.
APA	Li, Linqiu,&Liu, Ke.(2021).Simple Contracts to Coordinate the Capacity Procurement Model with Asymmetric Demand Information.JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY,19.
MLA	Li, Linqiu,et al."Simple Contracts to Coordinate the Capacity Procurement Model with Asymmetric Demand Information".JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY (2021):19.