The impacts of dual overconfidence behavior and demand updating on the decisions of port service supply chain: a real case study from China

Liu, Weihua; Shen, Xinran; Wang, Di

doi:10.1007/s10479-018-3095-5

Cited by 15 publications

(7 citation statements)

References 50 publications

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“…Han et al constructed the revenue sharing model of port and shipping service supply chain based on system optimization and studied the revenue sharing decision-making problem of port and shipping service supply chain with government subsidy mechanism [17]. Liu et al constructed a decision model of dual overconfidence behavior and studied the effects of dual overconfidence behavior and demand renewal on supply chain decision-making by using the method of empirical research [18].…”

Section: Service Supply Chainmentioning

confidence: 99%

Research on the Incentive Mechanism of the Pension Service Supply Chain under Asymmetric Information

Xiao-hua

2021

Mathematical Problems in Engineering

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The information asymmetry between the pension service integrator and the pension service providers will affect the efficiency of the whole supply chain, and information sharing can solve this problem to a certain extent. To achieve information sharing, mutual trust is the first condition and mutual trust is also one of the important means of endogenous incentives. In this paper, the trust incentive coefficient is embedded in the principal-agent model. Considering the service capability coefficient, the communication degree coefficient, and the information sharing degree coefficient of the pension service providers, the trust incentive model of the supply chain of the pension service is constructed, the model is solved, and the conclusion is drawn. Finally, the correctness of the conclusion is verified by the numerical simulation using SAS software. The final results show that, under the condition of information asymmetry, the trust incentive coefficient of the pension service integrator to the pension service providers is positively correlated with the effort coefficient, the service capability coefficient, the communication coefficient, and the information sharing degree coefficient of the pension service providers, while it is positively correlated with the effort cost coefficient, the output sharing coefficient, and the risk aversion coefficient of the pension service providers. The variance of number and external environmental variables is negatively correlated. This research has shown that the trust is a means of incentive for pension service providers to share information. This research has a certain practical significance for improving the service efficiency of the pension services supply chain and optimizing the level of pension services.

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Section: Service Supply Chainmentioning

confidence: 99%

Research on the Incentive Mechanism of the Pension Service Supply Chain under Asymmetric Information

Xiao-hua

2021

Mathematical Problems in Engineering

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“…However, one of the major drawbacks of these methods is that the weight ranking and decision rules of the location criteria are assessed according to human perception and experience, which are more or less biased, subjective, and difficult to quantify accurately (Canh and Notteboom, 2016). Another common concern is that the locations derived from the multi-attribute decision making are typically optimal at the macro level only, while from a microeconomic and operational perspective, there is no guarantee they would be able to attract sufficient demand from shippers to stay economically viable (Chang et al, 2015;Liu et al, 2018).…”

Section: Review Of Dry Port Location Studiesmentioning

confidence: 99%

A data-driven optimization of large-scale dry port location using the hybrid approach of data mining and complex network theory

Nguyen

Zhang

Zhou

et al. 2020

Transportation Research Part E: Logistics and Transportation Re

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“…Li et al [15] demonstrated that overconfidence is one of the most consistent, powerful and widespread cognitive biases that influence decision making in the context of random outcomes. Liu et al [16] studied the impact of dual overconfidence behaviour and demand updating on port service supply chain decision making. Xu et al [17] explored the impact of the logistics service provider' overconfidence behaviour on the decision making for a supply chain with demand surge.…”

Section: Introductionmentioning

confidence: 99%

Optimal Decision-making for Green Supply Chain Based on Overconfidence under the Carbon Emission Constraint

Zhao¹

2019

JESA

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In light of the combination of overconfident manufacturerrational retailergreen-preferring consumers, this paper establishes a Stackelberg game model under the carbon emission constraint, obtains the optimal green and emission reduction strategy and optimal pricing strategy in case of decentralized decision-making using the backward induction method, and further analyzes the impacts of the manufacturers' overconfidence and the consumers' green preference on the optimal decision and profit of the supply chain. According to the results of the study, under certain conditions, the low-carbon supply chain will no longer be "lowcarbon" and the carbon tax policy will be ineffective; over-confident manufacturers will reduce the investment in carbon emission reduction while increasing the wholesale price of unit products; rational retailers may expand the market demands for products at the expense of some of its profit margins; the profits of the supply chain system and its members are all negatively correlated with the manufacturer's overconfidence level, but positively correlated with the consumers' green preference level. Finally, the model is proved to be effective through example analysis, showing that it can provide some reference for relevant supply chain enterprises when they are making decisions on emission reduction investment.

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The impacts of dual overconfidence behavior and demand updating on the decisions of port service supply chain: a real case study from China

Cited by 15 publications

References 50 publications

Research on the Incentive Mechanism of the Pension Service Supply Chain under Asymmetric Information

Research on the Incentive Mechanism of the Pension Service Supply Chain under Asymmetric Information

A data-driven optimization of large-scale dry port location using the hybrid approach of data mining and complex network theory

Optimal Decision-making for Green Supply Chain Based on Overconfidence under the Carbon Emission Constraint

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