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

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

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 ch...

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Main Authors: Shuanjun Song, Minyan Zhang, Sheng Hu
Format: Article
Language:English
Published: Hindawi Limited 2020-01-01
Series:Mathematical Problems in Engineering
Online Access:http://dx.doi.org/10.1155/2020/4013215
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spelling doaj-93590abbc3b54349b8d3f6914edb85702020-11-25T01:49:02ZengHindawi LimitedMathematical Problems in Engineering1024-123X1563-51472020-01-01202010.1155/2020/40132154013215Coordination of Time-Varying Price Supply Chain with Risk-Averse Members under Random Order Response TimeShuanjun Song0Minyan Zhang1Sheng Hu2School of Mechanical & Electrical Engineering, Xi’an Polytechnic University, Xi’an 710048, ChinaSchool of Mechanical & Electrical Engineering, Xi’an Polytechnic University, Xi’an 710048, ChinaSchool of Mechanical & Electrical Engineering, Xi’an Polytechnic University, Xi’an 710048, ChinaA 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.http://dx.doi.org/10.1155/2020/4013215
collection DOAJ
language English
format Article
sources DOAJ
author Shuanjun Song
Minyan Zhang
Sheng Hu
spellingShingle Shuanjun Song
Minyan Zhang
Sheng Hu
Coordination of Time-Varying Price Supply Chain with Risk-Averse Members under Random Order Response Time
Mathematical Problems in Engineering
author_facet Shuanjun Song
Minyan Zhang
Sheng Hu
author_sort Shuanjun Song
title Coordination of Time-Varying Price Supply Chain with Risk-Averse Members under Random Order Response Time
title_short Coordination of Time-Varying Price Supply Chain with Risk-Averse Members under Random Order Response Time
title_full Coordination of Time-Varying Price Supply Chain with Risk-Averse Members under Random Order Response Time
title_fullStr Coordination of Time-Varying Price Supply Chain with Risk-Averse Members under Random Order Response Time
title_full_unstemmed Coordination of Time-Varying Price Supply Chain with Risk-Averse Members under Random Order Response Time
title_sort coordination of time-varying price supply chain with risk-averse members under random order response time
publisher Hindawi Limited
series Mathematical Problems in Engineering
issn 1024-123X
1563-5147
publishDate 2020-01-01
description 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.
url http://dx.doi.org/10.1155/2020/4013215
work_keys_str_mv AT shuanjunsong coordinationoftimevaryingpricesupplychainwithriskaversemembersunderrandomorderresponsetime
AT minyanzhang coordinationoftimevaryingpricesupplychainwithriskaversemembersunderrandomorderresponsetime
AT shenghu coordinationoftimevaryingpricesupplychainwithriskaversemembersunderrandomorderresponsetime
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