Logistics management class lectures_267075684-sucky3

Jul 29th, 2015
Studypool Tutor
Price: $20 USD

Tutor description

uploads/services/161584/Logistics management class lectures_267075684-sucky3.pdf

Word Count: 10644
Showing Page: 1/20
European Journal of Operational Research 171 (2006) 516535www.elsevier.com/locate/ejorProduction, Manufacturing and LogisticsA bargaining model with asymmetric informationfor a single suppliersingle buyer problemEric Sucky*Department of Supply Chain Management, School of Business and Economics, Goethe-University Frankfurt,Mertonstr. 17, 60054 Frankfurt, GermanyReceived 7 December 2001; accepted 23 August 2004Available online 30 October 2004AbstractBanerjees joint economic lot size (JELS) model represents one approach to minimizing the joint total relevant costof a buyer and a supplier by using a joint optimal order and production policy. The implementation of a jointly optimalpolicy requires coordination and cooperation. Should the buyer have the market power to implement his own optimalpolicy as that one to be used in the exchange process no incentive exists for him to choose a joint optimal policy. Ajoint policy can therefore only be the result of a bargaining process between the parties involved. The supplier maymake some sort of concession such as a price discount or a side payment in order to inuence the buyers order policy.A critical assumption made throughout in supply chain literature is that the supplier has complete knowledge about thebuyers cost structure. Clearly, this assumption will seldom be fullled in practice. The research presented in this paperprovides a bargaining model with asymmetric information about the buyer

Review from student

Studypool Student
" Thanks for the help. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1830 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors