管科系系列讲座第221期预告
时 间：2018年12月11日（周二）10:00
地 点：思源楼524
主持人：陈祥锋教授
主讲嘉宾：Shilu Tong is an Associate Professor at the Chinese University of Hong Kong, Shenzhen.
Title：Dynamic Contract under Quick Response in a Supply Chain
Abstract: We investigate a dynamic contract problem in a supply chain with a manufacturer selling a seasonal product through a retailer over two periods. In period 1, which is before the selling season, neither firm knows the demand information. The manufacturer runs on the regular production mode with low production cost but long lead time. In period 2, which refers to the selling season, only the retailer can update the demand information, so information asymmetry exists in the supply chain. The manufacturer may further produce and supplement the retailer via a second contract. However, only a mode of quick response, which has a shorter production lead time but higher production cost, is viable. We analyze three models based on whether the manufacturer adopts quick response or carries inventory from period 1 to period 2. We show that the adoption of quick response may not always benefit the manufacturer due to the information rent she has to sacrifice. Interestingly, the capability of inventory carryover in addition to quick response hurts the manufacturer.
管理科学系
2018-11-28
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