IDEAS home Printed from https://ideas.repec.org/a/hin/jnlmpe/4013215.html
   My bibliography  Save this article

Coordination of Time-Varying Price Supply Chain with Risk-Averse Members under Random Order Response Time

Author

Listed:
  • Shuanjun Song
  • Minyan Zhang
  • Sheng Hu

Abstract

A joint contract is proposed to coordinate the time-varying supply chain of risk-averse manufacturers and retailers. The joint contract uses price reduction subsidies and revenue-sharing strategies to enable manufacturers and retailers to share risks and achieve overall coordination of the supply chain. Firstly, a centralized and a decentralized decision-making model of the risk-averse supply chain are established. On this basis, reasons for the supply chain failure to coordinate are analyzed, and a joint contract is designed. Then, the specific form of the joint contract is given. Finally, the coordination effect of the joint contract is quantitatively analyzed through numerical analysis.

Suggested Citation

  • Shuanjun Song & Minyan Zhang & Sheng Hu, 2020. "Coordination of Time-Varying Price Supply Chain with Risk-Averse Members under Random Order Response Time," Mathematical Problems in Engineering, Hindawi, vol. 2020, pages 1-9, February.
    • Handle: RePEc:hin:jnlmpe:4013215
    DOI: 10.1155/2020/4013215
    as

    Download full text from publisher

    File URL: http://downloads.hindawi.com/journals/MPE/2020/4013215.pdf
    Download Restriction: no
    File URL: http://downloads.hindawi.com/journals/MPE/2020/4013215.xml
    Download Restriction: no
    File URL: https://libkey.io/10.1155/2020/4013215?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    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:hin:jnlmpe:4013215. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Mohamed Abdelhakeem (email available below). General contact details of provider: https://www.hindawi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.