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Abstract:
In this paper, we quantify the efficiency of price-only contracts in supply chains with demand distributions by imposing prior knowledge only on the support, namely, those distributions with support [a,b] for 0 < a <= b < + infinity By characterizing the price of anarchy (PoA) under various push supply chain configurations, we enrich the application scope of the PoA concept in supply chain contracts along with complementary managerial insights. One of our major findings is that our quantitative analysis can identify scenarios where the price-only contract actually maintains its efficiency, namely, when the demand uncertainty, measured by the relative range b/a, is relatively low, entailing the price-only contract to be more attractive in this regard. (C) 2013 Elsevier Ltd. All rights reserved.
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Source :
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
ISSN: 0305-0483
Year: 2014
Issue: 1
Volume: 42
Page: 98-108
6 . 9 0 0
JCR@2022
ESI Discipline: ECONOMICS & BUSINESS;
ESI HC Threshold:230
JCR Journal Grade:1
CAS Journal Grade:1
Cited Count:
WoS CC Cited Count: 19
SCOPUS Cited Count: 18
ESI Highly Cited Papers on the List: 0 Unfold All
WanFang Cited Count:
Chinese Cited Count:
30 Days PV: 1
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