Supply Chain Coordination in Case of Asymmetric Information

Guido Voigt
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Guido Voigt: Otto-von-Guericke University Magdeburg

Chapter Chapter 2 in Supply Chain Coordination in Case of Asymmetric Information, 2011, pp 5-44 from Springer

Abstract: Abstract The following chapter elaborates the impact of asymmetric information in a supply chain context and shows that information sharing can enhance supply chain performance if some level of trust and trustworthiness can be established. Section 2.1 gives a brief overview over related research areas while introducing basic definitions, assumptions and concepts. Section 2.2 discusses the impact of asymmetric information in a supply chain context while showing that specific contract structures can be used to align the incentives in the supply chain. Since these contract structures are not efficient, Sect. 2.3 discusses under which circumstances regarding trust and trustworthiness information sharing can lead to supply chain optimal outcomes. Finally, Sect. 2.4 gives a comprehensive review of supply chain models in which contracts are used for coordinating actions in supply chain management.

Keywords: Supply Chain; Asymmetric Information; Safety Stock; Order Size; Economic Order Quantity (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-642-20132-5_2

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DOI: 10.1007/978-3-642-20132-5_2

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