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Coordination Of A Buyer-Vendor Supply Chain For A Perishable Product Under Symmetric And Asymmetric Information

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  • QIN-HONG ZHANG

    (Sino-US Global Logistics Institute, School of Management, Shanghai Jiao Tong University, Shanghai, 200030, P. R. China)

  • JIAN-WEN LUO

    (School of Management, Shanghai Jiao Tong University, Shanghai, 200052, P. R. China)

Abstract

We consider a two-level supply chain for a perishable product with stock dependent demand, and study the supply chain coordination issues with quantity discount contract under both symmetric and asymmetric information. We design an optimal quantity discount contract for the vendor, and show that the quantity discount contract can coordinate the supply chain under symmetric information. However, the vendor is not able to realize supply chain coordination with only quantity discount contract if the buyer's holding cost is private information since the buyer may keep this information private for bargaining a higher price discount. Nevertheless, quantity discount contract is still beneficial to the vendor as compared to the case without quantity discount. Numerical experiments are conducted to demonstrate the theoretical results.

Suggested Citation

  • Qin-Hong Zhang & Jian-Wen Luo, 2011. "Coordination Of A Buyer-Vendor Supply Chain For A Perishable Product Under Symmetric And Asymmetric Information," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 28(05), pages 673-688.
    • Handle: RePEc:wsi:apjorx:v:28:y:2011:i:05:n:s0217595911003508
    DOI: 10.1142/S0217595911003508
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    Cited by:

    1. Nguyen Thi Nha Trang & Thanh-Thuy Nguyen & Hong V. Pham & Thi Thu Anh Cao & Thu Huong Trinh Thi & Javad Shahreki, 2022. "Impacts of Collaborative Partnership on the Performance of Cold Supply Chains of Agriculture and Foods: Literature Review," Sustainability, MDPI, vol. 14(11), pages 1-28, May.
    2. Kebing Chen & Renxing Xu & Hanwei Fang, 2016. "Information Disclosure Model Under Supply Chain Competition with Asymmetric Demand Disruption," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 33(06), pages 1-35, December.
    3. Abhishek Chakraborty, 2021. "A surcharge pricing policy for supply chain coordination under the just-in-time (JIT) environment in the presence of backordering," OPSEARCH, Springer;Operational Research Society of India, vol. 58(4), pages 1049-1076, December.

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