Managing Supply Chain Risks by Using Incomplete Contract

Hongjin Ju () and Juliang Zhang
Additional contact information
Hongjin Ju: Beijing Jiaotong University
Juliang Zhang: Beijing Jiaotong University

A chapter in LISS 2021, 2022, pp 259-272 from Springer

Abstract: Abstract In the context of unforeseen emergencies, the uncertainty in supply-side capacity can pose serious challenges to companies and their supply chains. In this paper, we design a renegotiation mechanism for incomplete contracts in the context of COVID-19. And we consider the secondary supply chain system, and study the optimal trading decision and the optimal profit of the supply chain with complete and incomplete contracts. Finally, we validated by numerical simulation. The results show that incomplete contracts can maintain the normal operation of the supply chain and increase the profit of the supply chain.

Keywords: Unforeseen emergencies; Incomplete contract; Supply chain coordination; Uncertain capacity (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:lnopch:978-981-16-8656-6_25

Ordering information: This item can be ordered from
http://www.springer.com/9789811686566

DOI: 10.1007/978-981-16-8656-6_25

Access Statistics for this chapter

More chapters in Lecture Notes in Operations Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().