Retailer's ordering decisions with consumer panic buying under unexpected events
Author
Abstract
Suggested Citation
DOI: 10.1016/j.ijpe.2023.109032
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Xiaoping Xu & Yujing Chen & Ping He & Yugang Yu & Gongbing Bi, 2023. "The selection of marketplace mode and reselling mode with demand disruptions under cap-and-trade regulation," International Journal of Production Research, Taylor & Francis Journals, vol. 61(8), pages 2738-2757, April.
- Liao, Yi & Shen, Wenjing & Hu, Xinxin & Yang, Shilei, 2014. "Optimal responses to stockouts: Lateral transshipment versus emergency order policies," Omega, Elsevier, vol. 49(C), pages 79-92.
- Zhang, Jian & Zhang, Juliang & Hua, Guowei, 2016. "Multi-period inventory games with information update," International Journal of Production Economics, Elsevier, vol. 174(C), pages 119-127.
- Martínez-de-Albéniz, Victor & Belkaid, Abdel, 2021. "Here comes the sun: Fashion goods retailing under weather fluctuations," European Journal of Operational Research, Elsevier, vol. 294(3), pages 820-830.
- Xiao, Tiaojun & Qi, Xiangtong & Yu, Gang, 2007. "Coordination of supply chain after demand disruptions when retailers compete," International Journal of Production Economics, Elsevier, vol. 109(1-2), pages 162-179, September.
- Liu, Weihua & Liu, Yang & Zhu, Donglei & Wang, Yijia & Liang, Zhicheng, 2016. "The influences of demand disruption on logistics service supply chain coordination: A comparison of three coordination modes," International Journal of Production Economics, Elsevier, vol. 179(C), pages 59-76.
- G. Behzadi & M.J. O’Sullivan & T.L. Olsen & A. Zhang, 2018. "Allocation flexibility for agribusiness supply chains under market demand disruption," International Journal of Production Research, Taylor & Francis Journals, vol. 56(10), pages 3524-3546, May.
- Cheaitou, Ali & Cheaytou, Rima, 2019. "A two-stage capacity reservation supply contract with risky supplier and forecast updating," International Journal of Production Economics, Elsevier, vol. 209(C), pages 42-60.
- Avi Herbon & Konstantin Kogan, 2022. "Scarcity and panic buying: the effect of regulation by subsidizing the supply and customer purchases during a crisis," Annals of Operations Research, Springer, vol. 318(1), pages 251-276, November.
- Jie Wu & Zhixin Chen & Xiang Ji, 2020. "Sustainable trade promotion decisions under demand disruption in manufacturer-retailer supply chains," Annals of Operations Research, Springer, vol. 290(1), pages 115-143, July.
- Johansen, Søren Glud, 2019. "Emergency orders in the periodic-review inventory system with fixed ordering costs and stochastic lead times for normal orders," International Journal of Production Economics, Elsevier, vol. 209(C), pages 205-214.
- Agrawal, Narendra & Smith, Stephen A., 2013. "Optimal inventory management for a retail chain with diverse store demands," European Journal of Operational Research, Elsevier, vol. 225(3), pages 393-403.
- Chen, Kebing & Xiao, Tiaojun, 2009. "Demand disruption and coordination of the supply chain with a dominant retailer," European Journal of Operational Research, Elsevier, vol. 197(1), pages 225-234, August.
- Cheaitou, Ali & van Delft, Christian & Jemai, Zied & Dallery, Yves, 2014. "Optimal policy structure characterization for a two-period dual-sourcing inventory control model with forecast updating," International Journal of Production Economics, Elsevier, vol. 157(C), pages 238-249.
- Guilan Yan & Yi He, 2020. "Coordinating pricing and advertising in a two-period fashion supply chain," 4OR, Springer, vol. 18(4), pages 419-438, December.
- Huiqi Guan & Haresh Gurnani & Xin Geng & Yadong Luo, 2019. "Strategic Inventory and Supplier Encroachment," Manufacturing & Service Operations Management, INFORMS, vol. 21(3), pages 536-555, July.
- Fei Gao & Ozgun Caliskan Demirag & Frank Y. Chen, 2012. "Early Sales of Seasonal Products with Weather‐Conditional Rebates," Production and Operations Management, Production and Operations Management Society, vol. 21(4), pages 778-794, July.
- Zheng, Rui & Shou, Biying & Yang, Jun, 2021. "Supply disruption management under consumer panic buying and social learning effects," Omega, Elsevier, vol. 101(C).
- Cheaitou, Ali & van Delft, Christian & Dallery, Yves & Jemai, Zied, 2009. "Two-period production planning and inventory control," International Journal of Production Economics, Elsevier, vol. 118(1), pages 118-130, March.
- Keleş, Büşra & Gómez-Acevedo, Patricia & Shaikh, Nazrul I., 2018. "The impact of systematic changes in weather on the supply and demand of beverages," International Journal of Production Economics, Elsevier, vol. 195(C), pages 186-197.
- T-M Choi & D Li & H Yan, 2003. "Optimal two-stage ordering policy with Bayesian information updating," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 54(8), pages 846-859, August.
- Jiho Yoon & Ram Narasimhan & Myung Kyo Kim, 2018. "Retailer’s sourcing strategy under consumer stockpiling in anticipation of supply disruptions," International Journal of Production Research, Taylor & Francis Journals, vol. 56(10), pages 3615-3635, May.
- Miao, Jie & Liu, Aijun & Wang, Ruiyao & Lu, Hui, 2022. "The influence of information asymmetry on the strategic inventory of deteriorating commodity," Omega, Elsevier, vol. 107(C).
- Qi, Xiangtong & Bard, Jonathan F. & Yu, Gang, 2004. "Supply chain coordination with demand disruptions," Omega, Elsevier, vol. 32(4), pages 301-312, August.
- Christian van Delft & A. Cheaitou y, 2009. "Two-period production planning and inventory control," Post-Print hal-00491696, HAL.
- Alexander Dietrich & Edward S. Knotek & Keith Kuester & Gernot J. Müller & Kristian Ove R. Myrseth & Raphael Schoenle & Michael Weber, 2020. "Consumers and COVID-19: A Real-Time Survey," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2020(08), pages 1-6, April.
- Zhao, Tianyi & Xu, Xiaoping & Chen, Ya & Liang, Liang & Yu, Yugang & Wang, Ke, 2020. "Coordination of a fashion supply chain with demand disruptions," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 134(C).
- Islam, Tahir & Pitafi, Abdul Hameed & Arya, Vikas & Wang, Ying & Akhtar, Naeem & Mubarik, Shujaat & Xiaobei, Liang, 2021. "Panic buying in the COVID-19 pandemic: A multi-country examination," Journal of Retailing and Consumer Services, Elsevier, vol. 59(C).
- Tiaojun Xiao & Jia Luo & Jiao Jin, 2009. "Coordination of a Supply Chain with Demand Stimulation and Random Demand Disruption," International Journal of Information Systems and Supply Chain Management (IJISSCM), IGI Global, vol. 2(1), pages 1-15, January.
- Zhang, Wei-Guo & Fu, Junhui & Li, Hongyi & Xu, Weijun, 2012. "Coordination of supply chain with a revenue-sharing contract under demand disruptions when retailers compete," International Journal of Production Economics, Elsevier, vol. 138(1), pages 68-75.
- Omar, Nor Asiah & Nazri, Muhamad Azrin & Ali, Mohd Helmi & Alam, Syed Shah, 2021. "The panic buying behavior of consumers during the COVID-19 pandemic: Examining the influences of uncertainty, perceptions of severity, perceptions of scarcity, and anxiety," Journal of Retailing and Consumer Services, Elsevier, vol. 62(C).
- Zied Jemai & Ali Cheaitou & Christian van Delft & Yves Dallery, 2014. "Optimal policy structure characterization for a two-period dual-sourcing inventory control model with forecast updating," Post-Print hal-01672389, HAL.
- Herjanto, Halimin & Amin, Muslim & Purington, Elizabeth F., 2021. "Panic buying: The effect of thinking style and situational ambiguity," Journal of Retailing and Consumer Services, Elsevier, vol. 60(C).
- Christian van Delft & Ali Cheaitoua & Yves Dallery & Z. Jemai, 2009. "Two-period production planning and inventory control," Post-Print hal-00471430, HAL.
- Meimei Zheng & Yan Shu & Kan Wu, 2015. "On optimal emergency orders with updated demand forecast and limited supply," International Journal of Production Research, Taylor & Francis Journals, vol. 53(12), pages 3692-3719, June.
- Naeem, Muhammad, 2021. "Do social media platforms develop consumer panic buying during the fear of Covid-19 pandemic," Journal of Retailing and Consumer Services, Elsevier, vol. 58(C).
- Li, Tianyun & Fang, Weiguo & Baykal-Gürsoy, Melike, 2021. "Two-stage inventory management with financing under demand updates," International Journal of Production Economics, Elsevier, vol. 232(C).
- Li, Jin & Yi, Liao & Shi, Victor & Chen, Xiding, 2021. "Supplier encroachment strategy in the presence of retail strategic inventory: Centralization or decentralization?," Omega, Elsevier, vol. 98(C).
- Hau Lee & Seungjin Whang, 2002. "The Impact of the Secondary Market on the Supply Chain," Management Science, INFORMS, vol. 48(6), pages 719-731, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Basu, Bibaswan & Chakraborty, Debarun & Kumar Kar, Arpan, 2024. "How can we improve buyer experiences for the operations of e-grocery platforms? Towards a unified framework for digital service operations," International Journal of Production Economics, Elsevier, vol. 278(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Zhao, Yujie & Zhou, Hong & Leus, Roel, 2022. "Recovery from demand disruption: Two-stage financing strategy for a capital-constrained supply chain under uncertainty," European Journal of Operational Research, Elsevier, vol. 303(2), pages 699-718.
- Patra, T. Devi Prasad & Jha, J.K., 2021. "A two-period newsvendor model for prepositioning with a post-disaster replenishment using Bayesian demand update," Socio-Economic Planning Sciences, Elsevier, vol. 78(C).
- Cao, Kaiying & Guo, Qiang & Xu, Yuqiu, 2023. "Information sharing and carbon reduction strategies with extreme weather in the platform economy," International Journal of Production Economics, Elsevier, vol. 255(C).
- Cheaitou, Ali & Cheaytou, Rima, 2019. "A two-stage capacity reservation supply contract with risky supplier and forecast updating," International Journal of Production Economics, Elsevier, vol. 209(C), pages 42-60.
- Soltanzadeh, Shima & Rafiee, Majid & Weber, Gerhard-Wilhelm, 2024. "Disruption, panic buying, and pricing: A comprehensive game-theoretic exploration," Journal of Retailing and Consumer Services, Elsevier, vol. 78(C).
- Han, Xiaohua & Wu, Haiyan & Yang, Qianxia & Shang, Jennifer, 2016. "Reverse channel selection under remanufacturing risks: Balancing profitability and robustness," International Journal of Production Economics, Elsevier, vol. 182(C), pages 63-72.
- Ji, Xiang & Sun, Jiasen & Wang, Zebin, 2017. "Turn bad into good: Using transshipment-before-buyback for disruptions of stochastic demand," International Journal of Production Economics, Elsevier, vol. 185(C), pages 150-161.
- Dash, Ganesh & Alharthi, Majed & Albarrak, Mansour & Aggarwal, Shalini, 2024. "Saudi millennials’ panic buying behavior during pandemic and post-pandemic: Role of social media addiction and religious values and commitment," Journal of Retailing and Consumer Services, Elsevier, vol. 79(C).
- Xiaofang Liu & Jian Li & Jun Wu & Guoqing Zhang, 2017. "Coordination of supply chain with a dominant retailer under government price regulation by revenue sharing contracts," Annals of Operations Research, Springer, vol. 257(1), pages 587-612, October.
- Meng, Jie & Chen, Kai, 2024. "Rethinking preemptive consumption: Building mechanisms of reciprocity, contextuality, and risk hedging across scenarios," Journal of Retailing and Consumer Services, Elsevier, vol. 78(C).
- Liang, Guitian & Gu, Chaocheng, 2021. "The value of target sales rebate contracts in a supply chain with downstream competition," International Journal of Production Economics, Elsevier, vol. 242(C).
- Fariba Soleimani & Alireza Arshadi Khamseh & Bahman Naderi, 2016. "Optimal decisions in a dual-channel supply chain under simultaneous demand and production cost disruptions," Annals of Operations Research, Springer, vol. 243(1), pages 301-321, August.
- Ashutosh Sarkar & Debadyuti Das & Arindam Debroy, 2024. "Panic Buying, Product Substitution and Channel-Shifting Behaviour During Pandemic," IIM Kozhikode Society & Management Review, , vol. 13(1), pages 25-43, January.
- Sarraf, Shagun & Kushwaha, Amit Kumar & Kar, Arpan Kumar & Dwivedi, Yogesh K. & Giannakis, Mihalis, 2024. "How did online misinformation impact stockouts in the e-commerce supply chain during COVID-19 – A mixed methods study," International Journal of Production Economics, Elsevier, vol. 267(C).
- Liu, Weihua & Liu, Yang & Zhu, Donglei & Wang, Yijia & Liang, Zhicheng, 2016. "The influences of demand disruption on logistics service supply chain coordination: A comparison of three coordination modes," International Journal of Production Economics, Elsevier, vol. 179(C), pages 59-76.
- Cheaitou, Ali & van Delft, Christian & Jemai, Zied & Dallery, Yves, 2014. "Optimal policy structure characterization for a two-period dual-sourcing inventory control model with forecast updating," International Journal of Production Economics, Elsevier, vol. 157(C), pages 238-249.
- Chuan Zhao & Luyao Li & Hongxia Sun & Hongji Yang, 2021. "Multi-Scenario Evolutionary Game of Rumor-Affected Enterprises under Demand Disruption," Sustainability, MDPI, vol. 13(1), pages 1-26, January.
- Patil, Rahul & Avittathur, Balram & Shah, Janat, 2010. "Supply chain strategies based on recourse model for very short life cycle products," International Journal of Production Economics, Elsevier, vol. 128(1), pages 3-10, November.
- Delgado, Felipe & Mora, Julio, 2021. "A matheuristic approach to the air-cargo recovery problem under demand disruption," Journal of Air Transport Management, Elsevier, vol. 90(C).
- Jie Wu & Zhixin Chen & Xiang Ji, 2020. "Sustainable trade promotion decisions under demand disruption in manufacturer-retailer supply chains," Annals of Operations Research, Springer, vol. 290(1), pages 115-143, July.
More about this item
Keywords
Ordering decision; Consumer panic buying; Purchase restriction policy; Supply interruption; Emergency order;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:proeco:v:266:y:2023:i:c:s0925527323002645. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ijpe .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.