Coordination and competition in two-echelon supply chain using grey revenue-sharing contracts

Hendalianpour, Ayad; Hamzehlou, Mohammad; Feylizadeh, Mohammad Reza; Xie, Naiming; Shakerizadeh, Mohammad Hossein

doi:10.1108/gs-04-2020-0056

Cited by 29 publications

(12 citation statements)

References 42 publications

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“…Aiming at the opening of the carbon emission trading market, Cao et al (2016) determined the optimal range of the revenue-sharing ratio of a two-echelon supply chain composed of an emission-dependent manufacturer and a retailer by considering the revenue-sharing contract and combining the actual situation with the Stackelberg game method. Hendalianpour et al (2020) compared the duopoly supply chain models based on wholesale price contract, revenue-sharing contract, and quantity discount contract using the grey optimization and coordination analysis method. The results show that the performance of revenue-sharing contracts in the supply chain is higher.…”

Section: Literature Reviewmentioning

confidence: 99%

The influence of effort level on profit distribution strategies in IPD projects

Guo

Wang

Xiong

2022

ECAM

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PurposeConstruction projects have become increasingly long, complex and costly with waste and inefficiencies and often fail to achieve the desired results. Integrated project delivery (IPD) is believed to change these problems. A reasonable and fair profit distribution mechanism is a critical factor for ensuring the success of the IPD projects. This study aims to investigate the strategies of all participants in the profit distribution of an IPD project with respect to the factor of the effort level.Design/methodology/approachThis study describes the influence of owners and participants on profit distribution due to their respective efforts in the IPD project alliance. The influence of effort level on profit distribution is discussed based on the Holmstrom-Milgrom model of asymmetric information game theory and principal-agent theory, combined with incentive compatibility (IC) constraints and individual rationality (IR) constraints.FindingsThe results show that the optimal level of effort by each participant optimizes the profit distribution of an IPD project. At the same time, in the revenue incentive contract, the effort level of the participants is positively correlated with the profit distribution, proportional to their contribution coefficient and inversely proportional to the square of the cost of their creative activities in terms of effort. Each party of an IPD project can adopt a series of measures to improve their own effort level and choose the optimal level of effort based on the profit distribution, while satisfying their own utility maximization.Originality/valueThis study introduces the Holmstrom-Milgrom model in the principal-agent theory to explore the influence of the effort level on profit distribution in IPD projects. The quantitative model can contribute to establish a fair and efficient profit distribution scheme for the IPD projects.

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Section: Literature Reviewmentioning

confidence: 99%

The influence of effort level on profit distribution strategies in IPD projects

Guo

Wang

Xiong

2022

ECAM

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“…They assume that one retailer can purchase from two suppliers, and another retailer is an integrated firm. Hendalianpour et al [30] investigate a two-echelon SC model with two manufacturers and two retailers facing grey stochastic demand, and each retailer can purchase products from two manufacturers, which leads to the competition between two retailers. They mainly examine the important role of the contracts to coordinate SC under competitive conditions.…”

Section: Literature Reviewmentioning

confidence: 99%

Supply Chain Contract Preferences Under Two Uncertain Selling Seasons Considering Intertemporal Inventory Capability

et al. 2021

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We propose an intertemporal inventory decision model under demand uncertainty and retail competition. Facing the fact that different firms may have different intertemporal inventory capabilities, the paper introduces two retailers and assumes only one retailer has the ability to carry intertemporal inventories. Two different contracts, i.e., the dynamic wholesale-price contract and the commitment wholesale-price contract are proposed. The optimal decisions are derived under each contract, and all members' preferences regarding the two contracts are investigated. The results show that there exist some situations in which the supply chain members prefer the same contract, and they can reach an agreement on the contract selection. We also find that the intertemporal inventory discriminately affects the supply chain members' expected profits under two different contracts. The retailer's intertemporal inventory capability may be beneficial for all members under the dynamic wholesale-price contract, but it always damages the supplier's expected profit under the commitment wholesale-price contract. INDEX TERMS Intertemporal inventory, retail competition, dynamic contract, commitment contractThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.

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“…An inventory control management strategy for the perishable items was developed by Feng et al [18] assuming the dependency of the demand rate on price, displayed stock, freshness of items simultaneously.On the other hand, Hendalianpour [19] developed an inventory control problem with price dependent demand in game theoretic approach using the double interval grey number for tracing the consumer behavior more accurately.The study of the distribution management of blood products (one kind of perishable items) was mathematically modeled under transshipment and uncertain demand consideration and optimized through heuristic algorithm by Liu et al [20].The potential of different contracts (like wholesale-price, revenue-share, quantity discount etc.) under the competitive structures of two manufactures and two retailers with price sensitive stochastic grey demand was examined by Hendalianpouret al [21].Also, Deyet al [22] considered the discrete set up cost for an integrated inventory model with price dependent demand.…”

Section: Recent Advancement On Inventorymodellingmentioning

confidence: 99%

An estimation of effects of memory and learning experience on the eoq model with price dependent demand

2021

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This current article is focussed on the application of the fuzzy fractional differential equation under Caputo fractional differentiation and Riemann-Liouville integration on the inventory control problem. In this article, an EOQ model with selling price dependent demand is demonstrated by the fuzzy fractional differential equation. In the modelling of the inventory control problem, the ideas of the memory and learning experience are experimented through fractional and fuzzy senses respectively. Considering the selling price to be triangular dense fuzzy lock number, the -cut defuzzification technique is applied to obtain the crisp representation of the total average profit function before optimization. Numerical and graphical comparisons among various particular scenarios are carried out which advocates for the strong motivation of the current article.

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Coordination and competition in two-echelon supply chain using grey revenue-sharing contracts

Cited by 29 publications

References 42 publications

The influence of effort level on profit distribution strategies in IPD projects

The influence of effort level on profit distribution strategies in IPD projects

Supply Chain Contract Preferences Under Two Uncertain Selling Seasons Considering Intertemporal Inventory Capability

An estimation of effects of memory and learning experience on the eoq model with price dependent demand

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