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

Shuanjun Song, Minyan Zhang and Sheng Hu

Mathematical Problems in Engineering, 2020, vol. 2020, 1-9

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.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnlmpe:4013215

DOI: 10.1155/2020/4013215

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