Coordination Mechanisms for a Three-Echelon Fast-Moving Consumer Goods Supply Chain Considering Supply and Demand Effects

Yi Wang (), Bingkun Dong (), Yefei Yang () and Shaobin Wei ()
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Yi Wang: Inner Mongolia Kunming Cigarette Limited Liability Company
Bingkun Dong: China Tobacco Industry Development Center
Yefei Yang: Beijing Jiaotong University
Shaobin Wei: Inner Mongolia Kunming Cigarette Limited Liability Company

A chapter in LISS 2022, 2023, pp 291-303 from Springer

Abstract: Abstract This paper develops the coordination of supply and demand in the Fast-Moving Consumer Goods (FMCG) supply chain. By establishing a three-echelon supply chain model including a supplier, a distributor, and a retailer, the cost function of each member is analyzed on the basis of supply and demand, and the optimal strategy and Nash equilibrium strategy are calculated. An effective coordination mechanism is designed by comparing the optimal strategy with the Nash equilibrium strategy. Through the compensation mechanism, the supply chain can achieve the optimal scenario.

Keywords: Coordination mechanisms; Supply chain management; Supply and demand effects (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnopch:978-981-99-2625-1_22

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DOI: 10.1007/978-981-99-2625-1_22

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