Pre-purchasing with option contract and coordination in a relief supply chain

Wang, Xihui; Feng, Li; Liang, Liang; Huang, Zhimin; Ashley, Allan

doi:10.1016/j.ijpe.2015.05.031

Cited by 83 publications

(20 citation statements)

References 24 publications

(25 reference statements)

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“…References in the second column represent example papers on each strategy type and how the construct has been operationalized in the humanitarian context. (Ertem et al, 2010); asset transfer mechanism (Bhattacharya et al 2013); dual sourcing (Iakovou et al, 2013); flexible sourcing (Day, 2014); buttressing supply chains (Sodhi and Tang, 2014); adaptive entity capacity (Day, 2014); armslength and transactional (Oloruntoba and Kovács, 2015) Flexible supply contracts Flexible order quantities (Lodree, 2011); framework agreements (Balcik and Ak, 2013); option contract (Wang et al 2015) Flexible transportation Operational mix for fleet (Besiou et al 2014) Information sharing Demand signal visibility (Day et al 2012 (Kunz et al 2015) ; temporary fleet hubs (Stauffer et al 2015); distribution warehouses (Hong et al 2015) We did not identify any papers that provided an overview of or framework for a set of strategies. Papers did not describe any strategy in great depth, nor was there anything related to which strategies handle which types of risk.…”

Section: Humanitarian Supply Chain Strategiesmentioning

confidence: 99%

Humanitarian supply chain strategies – a review of how actors mitigate supply chain risks

Jahre

2017

JHLSCM

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Purpose of this paper This paper links humanitarian logistics (HL) and supply chain risk management (SCRM) to provide an understanding of risk mitigation strategies that humanitarian organizations use, or could use, to improve their logistics preparedness. Design/methodology/approachBased on systematic reviews of strategies in SCRM and supply chain strategies (SCS) in HL literature, a framework is developed and used to review published case studies in HL. FindingsThe study finds that humanitarian actors use a number of the strategies proposed in the framework, particularly those related to strategic stocks, postponement, and collaboration. Strategies related to sourcing and procurement, however, especially those on supplier relationships, seem to be lacking in both research and practice. Research limitationsThe study is based on secondary data and could be further developed through case studies based on primary data. Future studies should explore the generalizability of the findings. Practical implicationsPractitioners can use the framework to identify potential new SCS and how strategies can be combined. Findings can help them to understand the abnormal risks of main concern, how they may impact normal risks, and provide ideas on how to tackle trade-offs between different risks. Societal implicationsThe results can support improvements in humanitarian supply chains, which will provide affected people with rapid, cost-efficient, and better-adapted responses.What is original/value of paper The paper connects SCRM and HL to develop a framework and suggest propositions on how humanitarian actors can mitigate supply chain risks. Questioning the focus on strategic stock it suggests complementary or alternative strategies for improving logistics preparedness.

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Section: Humanitarian Supply Chain Strategiesmentioning

confidence: 99%

Humanitarian supply chain strategies – a review of how actors mitigate supply chain risks

Jahre

2017

JHLSCM

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“…The multinational companies do not merely sell traditional products but consider selling the limited-term licence. The companies make a purchasing contract with the local distributors for goods or services at the particular time to cut inventory cost and loss associated with the uncertainty of demand (Wang et al 2015). From the customers' point of view, purchasing contract is essential to enhance the integration of strategic services, which brings a tendency to create a strategic alliance with the suppliers.…”

Section: Licence Agreementmentioning

confidence: 99%

International Alliance Strategies: A Case Study of the Indonesian Medical Device Industry

Pratono

Ratih

2019

Contributions to Management Science

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This study aims to investigate how the multinational corporations form alliance strategies with local businesses under the dynamic institutional environment in the Indonesian context. We used a qualitative approach with a case study of the medical device industry to examine how the institutional environment affects the choice of the strategic alliance. By collecting the qualitative data, including interviews, observations and archival data, the interpretive approach was adopted to understand social worlds from the point of view of participants. We identified five types of alliance strategies: the wholly owned subsidiary with contractual collaboration, the wholly owned subsidiary with the licence agreement, the international trade with the licence agreement, joint venture and outsourcing. There are also two main issues of the institutional environments that determine the choice of alliance strategic: the restriction for foreign companies to carry out direct selling and the new policy that introduces the electronic procurement system. This study provides evidence of the role of the institutional environment on collaboration strategies between the multinational enterprises from the developed countries and the local distributors from Indonesia. The results extend the concept of international business in the Asian context.

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“…Gupta and Maranas [16] studied the benefits of the flexibility that is offered by emission option contracts in minimizing total emission abatement costs. Wang, et al [17] adopted an option contract to coordinate a relief supply chain consisting of one supplier and one purchaser. Wan and Chen [18] found that option contracts benefit the retailer during inflation when solving the multi-period replenishment problem.…”

Section: Option Contractsmentioning

confidence: 99%

Decision and Performance Analysis of a Price-Setting Manufacturer with Options under a Flexible-Cap Emission Trading Scheme (ETS)

Wang

Yang

2018

Sustainability

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An Emission Trading Scheme (ETS) is widely considered to reduce carbon emissions and achieve sustainability. Unsatisfactory results of European Union Emission trading scheme (EU ETS) make China’s government propose a flexible-cap ETS system to overcome its weakness. This research is the first one introducing the flexible cap to limit the manufacturing carbon footprint. Current research on emission reduction primarily focuses on introducing option contracts to better develop the carbon market, with little consideration of the effectiveness of these contracts on the manufacturer’s optimality facing demand risks. This research fills this research gap by using call option contract to reduce the emission costs for a price-setting manufacturer under the flexible ETS. Newsvendor models are built to investigate the behaviours and performances of manufacturers, with a call option contract when the price-driven demand is uncertain. The joint emission ordering and product pricing problem is solved by three emission ordering policies: the non-option, only option, and mixed emission ordering policy. Analytical and numerical studies have shown that the mixed policy outperforms the others in profitability, and the only option policy provides more flexibility but poor profitability. Furthermore, the mixed ordering policy better protects against price volatility and stringent emission restrictions. Managerial insights help emission-dependent manufacturers to manage their carbon assets for better survival in an increasingly stringent emission market. This paper investigates the effectiveness of the option contract on manufacture optimality in the flexible-cap ETS system, in which the joint emission ordering and production pricing problem under demand uncertainty is solved by the newsvendor model.

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Pre-purchasing with option contract and coordination in a relief supply chain

Cited by 83 publications

References 24 publications

Humanitarian supply chain strategies – a review of how actors mitigate supply chain risks

Humanitarian supply chain strategies – a review of how actors mitigate supply chain risks

International Alliance Strategies: A Case Study of the Indonesian Medical Device Industry

Decision and Performance Analysis of a Price-Setting Manufacturer with Options under a Flexible-Cap Emission Trading Scheme (ETS)

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