Quality investment and price decision in a risk-averse supply chain

doi:10.1016/j.ejor.2011.04.036

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	Quality investment and price decision in a risk-averse supply chain
	Xie, Gang1 ; Yue, Wuyi 2; Wang, Shouyang1 ; Lai, Kin Keung 3
	2011-10-16
发表期刊	EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
ISSN	0377-2217
卷号	214 期号:2 页码:403-410
摘要	In this paper, we investigate quality investment and price decision of a make-to-order (MTO) supply chain with uncertain demand in international trade. Due to volatility of orders from buyers, the supplier and the manufacturer in the supply chain are subject to financial risk. In contrast to the general assumption that players in a supply chain are risk neutral in quality investment and price decision, we consider the risk-averse behavior of the players in three different supply chain strategies: Vertical Integration (VI), Manufacturer's Stackelberg (MS) and Supplier's Stackelberg (SS). The study shows that both supply chain strategy and risk-averse behavior have significant impacts on quality investment and pricing. Compared to a risk-neutral supply chain, a risk-averse supply chain has lower, same and higher quality of products in VI, MS and SS, respectively. Also, we derive the conditions under which the supply chain strategy is implemented in a decentralized setting. A numerical study is used to illustrate some related issues. (C) 2011 Elsevier B.V. All rights reserved.
关键词	Quality investment Supply chain strategy Preference theory Make-to-order Risk tolerance
DOI	10.1016/j.ejor.2011.04.036
语种	英语
资助项目	National Natural Science Foundation of China[70871107] ; National Natural Science Foundation of China[70731003] ; China Postdoctoral Science Foundation[20060400103] ; Chinese Academy of Sciences[KACX1-YW-0906] ; [21500086]
WOS研究方向	Business & Economics ; Operations Research & Management Science
WOS类目	Management ; Operations Research & Management Science
WOS记录号	WOS:000293313400021
出版者	ELSEVIER SCIENCE BV
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/13062
专题	系统科学研究所
通讯作者	Xie, Gang
作者单位	1.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100190, Peoples R China 2.Konan Univ, Dept Intelligence & Informat, Kobe, Hyogo 6588501, Japan 3.City Univ Hong Kong, Dept Management Sci, Hong Kong, Hong Kong, Peoples R China
推荐引用方式 GB/T 7714	Xie, Gang,Yue, Wuyi,Wang, Shouyang,et al. Quality investment and price decision in a risk-averse supply chain[J]. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH,2011,214(2):403-410.
APA	Xie, Gang,Yue, Wuyi,Wang, Shouyang,&Lai, Kin Keung.(2011).Quality investment and price decision in a risk-averse supply chain.EUROPEAN JOURNAL OF OPERATIONAL RESEARCH,214(2),403-410.
MLA	Xie, Gang,et al."Quality investment and price decision in a risk-averse supply chain".EUROPEAN JOURNAL OF OPERATIONAL RESEARCH 214.2(2011):403-410.