Supply chain coordination in case of asymmetric information : information sharing and contracting in a just-in-time environment. / Guido Voigt.

Format:

Book

Author/Creator:

Voigt, Guido.

Series:

Lecture notes in economics and mathematical systems ; 650.

Lecture notes in economics and mathematical systems, 0075-8442 ; 650

Language:

English

Subjects (All):

Business logistics.

Psychology, Industrial.

Physical Description:

1 online resource (209 p.)

Edition:

1st ed. 2011.

Place of Publication:

Heidelberg : Springer, 2011.

Language Note:

English

Summary:

Information sharing is frequently promoted as a mean to improve the supply chain performance. This work shows the results of behavioral experiments, in which the participants share private information in order to influence the contract terms in a Just-in-Time environment. It is shown that the impact of information sharing is ambiguous, and dependent on several factors, such as contract flexibility and complexity or the interacting behavioral types. The experimental results form the basis for a behavioral principal-agent model that gives valuable insights on how the interaction of trust, trustworthiness and the information sharing strategy impacts the supply chain performance.

Contents:

Introduction

Supply chain coordination in case of asymmetric information

On the impact of fixed cost reduction in the strategic lotsizing framework

The impact of information sharing on the effectiveness of screening contracts: A first laboratory experiment

The impact of contract complexity, supply chain configuration, and out-of-equilibrium behavior on the effectiveness of information sharing: A second laboratory experiment

A behavioral model on the effects of information sharing on supply chain performance

Conclusion and outlook.

Notes:

Description based upon print version of record.

Includes bibliographical references.

ISBN:

9783642201325

3642201326

OCLC:

748241942