Title: Profit-Sharing Coordination Contract of Closed-loop Supply Chain under Asymmetric Information
Abstract: Based on the game theory,coordination contract of closed-loop supply chain was studied.The results show when under symmetric product cost information,coordination can be achieved by setting a profit sharing coordination policy.Under asymmetric product cost information,if exogenous parameters satisfy some certain condition,only the above-mentioned coordination policy can achieve the supply chain coordination.Otherwise,retailer can set the profit sharing proportion as the function of announced cost by the manufacturer.This strategy can make the closed-loop supply chain coordinative.
Publication Year: 2011
Publication Date: 2011-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot