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Flexibility, information structure, options, and market power in robust supply chains

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  • Wallace, Stein W.
  • Choi, Tsan-Ming

Abstract

Faced with uncertainty, researchers have explored concepts such as robustness, flexibility, information structure, options, and market power for supply chain management. Despite many influential findings, such as the presence of the bullwhip effect and channel power, the literature in supply chain management is a bit confusing with regard to these concepts, including how they are related to each other. In light of this, we discuss the meaning of the terms in a supply chain management context. We indicate what questions are at stake and some pitfalls to be aware of if the phenomenon we are concerned about is affected by strategic players. This paper is modelling focused.

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  • Wallace, Stein W. & Choi, Tsan-Ming, 2011. "Flexibility, information structure, options, and market power in robust supply chains," International Journal of Production Economics, Elsevier, vol. 134(2), pages 284-288, December.
    • Handle: RePEc:eee:proeco:v:134:y:2011:i:2:p:284-288
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    Cited by:

    1. Mansoornejad, Behrang & Pistikopoulos, Efstratios N. & Stuart, Paul R., 2013. "Scenario-based strategic supply chain design and analysis for the forest biorefinery using an operational supply chain model," International Journal of Production Economics, Elsevier, vol. 144(2), pages 618-634.
    2. Choi, Tsan-Ming & Sethi, Suresh, 2010. "Innovative quick response programs: A review," International Journal of Production Economics, Elsevier, vol. 127(1), pages 1-12, September.
    3. Wang, Juite & Yang, Chung-Yu, 2012. "Flexibility planning for managing R&D projects under risk," International Journal of Production Economics, Elsevier, vol. 135(2), pages 823-831.
    4. Trigeorgis, Lenos & Tsekrekos, Andrianos E., 2018. "Real Options in Operations Research: A Review," European Journal of Operational Research, Elsevier, vol. 270(1), pages 1-24.
    5. Heydari, Jafar & Govindan, Kannan & Ebrahimi Nasab, Hamid Reza & Taleizadeh, Ata Allah, 2020. "Coordination by quantity flexibility contract in a two-echelon supply chain system: Effect of outsourcing decisions," International Journal of Production Economics, Elsevier, vol. 225(C).
    6. Fujimoto, Takahiro & Park, Young Won, 2014. "Balancing supply chain competitiveness and robustness through “virtual dual sourcing”: Lessons from the Great East Japan Earthquake," International Journal of Production Economics, Elsevier, vol. 147(PB), pages 429-436.

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