Supply chain coordination with an option contract under vendor-managed inventory
Supply chain coordination with an option contract under vendor-managed inventory
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DOI:
10.1111/itor.12172
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发表时间:
2016-11
期刊:
影响因子:
--
通讯作者:
Jian-hu Cai;Xiaoqing Hu;Yi Han;Haifang Cheng;Weilai Huang
中科院分区:
文献类型:
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作者:
Jian-hu Cai;Xiaoqing Hu;Yi Han;Haifang Cheng;Weilai Huang
In this paper, we propose an option contract for a two-echelon supply chain operating under vendor-managed inventory (VMI). We find that the supply chain coordination and Pareto improvement can be achieved synchronously. As a comparison, a subsidy contract is introduced to coordinate the supply chain. The paper further considers the influence of a replenishment tactic on the performance of the supply chain. After introducing a replenishment tactic, the supply chain can replenish the products to satisfy unmet demand during the selling season. We further use an option contract to coordinate the supply chain, and a Pareto improvement can be gained. All our findings are numerically illustrated.