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

2021 ◽  
Vol 2021 ◽  
pp. 1-12
Author(s):  
Xiaohua Chen
Keyword(s):  
Supply Chain ◽  
Information Asymmetry ◽  
Information Sharing ◽  
Service Providers ◽  
Practical Significance ◽  
Mutual Trust ◽  
Incentive Model ◽  
Service Capability ◽  
Important Means ◽  
The Incentive Mechanism

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.

Coordination of elderly healthcare service supply chain with information asymmetry: Designs of option contracts under different demand distribution statuses

2020 ◽  
Vol 54 (5) ◽  
pp. 1291-1307
Author(s):  
Jun Zhao
Keyword(s):  
Supply Chain ◽  
Information Asymmetry ◽  
Information Sharing ◽  
Healthcare Service ◽  
Demand Distribution ◽  
Service Supply Chain ◽  
Option Contract ◽  
Demand Information ◽  
Continuous Demand ◽  
Elderly Healthcare

This paper studies the issue of demand information asymmetry in an elderly healthcare service (EHS) system represented by a two-echelon elderly healthcare service supply chain (EHSSC) comprising an elderly service integrator (ESI) and a service provider (ESP). The goal of the ESI is to decide on how much service capacity is required for placing orders to the ESP, who directly serves the customers. Considering discrete and continuous demand distribution statuses, a centralised model with symmetric demand information and decentralised models with asymmetric demand information are developed to analyse the optimal ordering decisions and discuss the influence of information asymmetry. Furthermore, option contracts are applied to help coordinate the supply chain under asymmetric demand information based on different demand distribution statuses. Optimal option contract menus are designed for the ESP to promote the information sharing. Results show that the option contract can coordinate the EHSSC with asymmetric demand information under both discrete and continuous demand distribution statuses. The exercise price will be higher under lower demand information than that under higher demand information and the transfer payment will be less under lower demand information than that under higher demand information. Moreover, although the ESI has demand information superiority and can make use of opportunistic behaviour to maximise its own profit, the ESP as the leader can design the option contract to incentive the ESI to achieve true information sharing, and even obtain nearly all of the channel profit.

scholarly journals Dynamic Incentive Mechanism of Multitask Cooperation in Logistics Supply Chain

2021 ◽  
Vol 2021 ◽  
pp. 1-10
Author(s):  
Song Wang ◽  
Yang Zhao ◽  
Lanfeng Liu ◽  
Fuhua Huang
Keyword(s):  
Supply Chain ◽  
Incentive Mechanism ◽  
Risk Tolerance ◽  
Incentive Effect ◽  
Logistics Service ◽  
Incentive Model ◽  
Model Research ◽  
The Difference ◽  
The Incentive Mechanism ◽  
Dynamic Cooperation

This paper studies the incentive mechanism of multitask cooperation in logistics service supply chain (LSSC) by building a dynamic incentive model. Research shows the following: (1) the implicit reputation in dynamic cooperation can effectively improve system incentive effectiveness; (2) the difference in the contribution of different logistics cooperation to the performance of the LSSC has a significant impact on the incentive effect; (3) when two kinds of cooperation tasks have complementary relationships, both the LSP’s choice of logistics tasks and the incentives will simultaneously act on the two types of cooperation tasks; and (4) the antirisk degree of LSI and the environment uncertainty will also have a certain impact on the incentive effect of the LSSC. Therefore, the LSI should comprehensively consider the requirements of logistics cooperation and the risk tolerance of LSI to be chosen.

A Holistic Incentive Model of Information Sharing in Supply Chain

2013 ◽  
Vol 457-458 ◽  
pp. 1403-1406
Author(s):  
Hong Wei Wang ◽  
Yu Song Yan ◽  
Long Wei
Keyword(s):  
Supply Chain ◽  
Information Sharing ◽  
Performance Measures ◽  
Production Capacity ◽  
Holistic Model ◽  
Incentive Mechanisms ◽  
Product Flow ◽  
Incentive Model ◽  
Global Companies ◽  
Key Aspects

It is broadly recognized by global companies that information sharing is one of the key aspects of coordination amongst parties in a supply chain. Companies can efficiently manage the product flow and information related to the issues such as production capacity, customer demand and inventory at lower costs through information sharing. Different incentive mechanisms were presented to tackle the complexities in information sharing. However, the relation between different incentive mechanisms and the performance measures of supply chain is not yet developed. The objectives of this paper are to: understand and appreciate various incentive mechanisms available for information sharing in supply chain, propose a holistic model to explore different incentive mechanisms both quantitative and qualitative and their value in supply chain.

scholarly journals Pricing Strategies of Supply Chain with Dual-Channel Retailer and Information Asymmetry

2020 ◽  
Vol 325 ◽  
pp. 06001
Author(s):  
Heyin Hou ◽  
Yali Li
Keyword(s):  
Supply Chain ◽  
Information Asymmetry ◽  
Information Sharing ◽  
Value Of Information ◽  
Pricing Strategies ◽  
Equilibrium Pricing ◽  
Dual Channel ◽  
Share Information

The equilibrium pricing strategies of supply chain with dual-channel retailer and information asymmetry are studied. The results show that information sharing is always beneficial to retailers, and the value of information sharing is always non-negative. But there are conditions under which manufacturers can share information.

Mitigating information asymmetry in inventory pledge financing through the Internet of things and blockchain

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Lixin Liu ◽  
Justin Zuopeng Zhang ◽  
Wu He ◽  
Wenzhuo Li
Keyword(s):  
Supply Chain ◽  
Internet Of Things ◽  
Information Asymmetry ◽  
Commercial Banks ◽  
Business Models ◽  
Service Providers ◽  
The Internet ◽  
Novel Ecosystem ◽  
Content Type ◽  
The Internet Of Things

PurposeRisks resulted from asymmetric information have become crucial barriers for commercial banks to implement supply chain finance (SCF) – mainly the inventory pledge financing (IPF). At the same time, online financial service providers (OFSPs) are emerging as strong competitors in the SCF market. As a result, commercial banks need to update their traditional SCF business models and alleviate their over-dependence on OFSPs.Design/methodology/approachThe authors employ a multi-case-study method to investigate how the Internet of things (IoT) and blockchain technologies can be jointly leveraged to mitigate SCF risks. In-depth interviews were conducted to depict the business models and their novel ecosystem to reinforce traditional banks' ability in SCF services.FindingsFrom the perspective of information asymmetry, the authors categorize IPF risks into three groups based on the principal-agent theory: collateral, warehousing and liquidity risk. The findings suggest that IoT can primarily improve traditional banks' information acquisition ability, and blockchain can facilitate credible information transformation, enabling banks to acquire knowledge from collaterals. Besides, the e-platform in the new architecture increases banks' involvement in the supply chain and builds a fair network to curtail warehousing risks. The employment of smart contracts and collaborative mechanism ensure process and outcome control in mitigating liquidity risks.Originality/valueThe research contributes to the literature by confirming the role of emerging technologies in reducing information asymmetry risks. Besides, the findings provide valuable insights for practitioners to promote effective practices and approaches in IPF.

Research on the Value of Traceable Information Sharing

2014 ◽  
Vol 644-650 ◽  
pp. 5489-5493 ◽  
Author(s):  
Na Zhang ◽  
Shou Wen Ji ◽  
Zhe Yuan
Keyword(s):  
Supply Chain ◽  
Information Sharing ◽  
Pareto Optimality ◽  
Value Of Information ◽  
Evaluation System ◽  
Practical Significance ◽  
Principal Agent ◽  
Agent Model ◽  
Principal Agent Model

This paper first analyzes the problems of traceable information sharing between dairy suppliers and manufacturers, and proposes the theoretical and practical significance of building related evaluation system of information sharing. And then the traceable information in dairy supply chain based on batch management is analyzed and a principal-agent model is developed to assess the value of information sharing between dairy suppliers and manufacturers. Results show that when the information sharing between dairy suppliers and manufacturers reaches a certain degree, the Pareto optimality of the overall supply chain can be achieved.

scholarly journals Contract Design for Enhancing Green Food Material Production Effort with Asymmetric Supply Cost Information

2020 ◽  
Vol 12 (5) ◽  
pp. 2119 ◽  
Author(s):  
Xiaoying Li ◽  
Qinghua Zhu
Keyword(s):  
Supply Chain ◽  
Information Asymmetry ◽  
Information Sharing ◽  
Wholesale Price ◽  
Cost Information ◽  
Food Material ◽  
Demand Functions ◽  
Green Food ◽  
Green Performance ◽  
Private Knowledge

In order to improve green performance and achieve sustainability goals, food companies see the need to adopt green supply chain management. However, ensuring a green supply is a tough task since food companies do not always have full information of their suppliers’ efforts in improving their green performance. This information asymmetry issue will lead the food producers to make poor decisions and cause a profit loss. Therefore, to fill this research gap, this study investigates a two-stage supply chain, which consists of one dominated food producer and a food supplier who has private knowledge of its green food material producing (GFMP) cost. To figure out how green performance is the major parameter that influences the decision-making of supply chain members under information asymmetry, this study first expands demand functions for both a food supplier and a producer, considering their influence on the green degree of the food products and associated consumer acceptance. It is found that under certain conditions, information sharing will improve the supplier’s green performance and increase the food producer’s profit. This study then presents the prerequisite of green cost information sharing by the food supplier. Furthermore, a newly designed menu of contracts, which combine the wholesale price contract and cost sharing contract, is proposed for the asymmetric information case to incentivize the food supplier to disclose the green effort information and improve the environmental and economic performance of the food supply chain. Numerical experiments are conducted through a case analysis to illustrate and validate the proposed models.

scholarly journals Study on Task Assignment of Two-stage Multi-service Capability Port Logistics Service Providers

2020 ◽  
Vol 3 (2) ◽  
Author(s):  
Zhaowei Meng ◽  
Xiaoguang Wang
Keyword(s):  
Supply Chain ◽  
Evaluation Method ◽  
Service Providers ◽  
Task Assignment ◽  
Two Stage ◽  
Logistics Service ◽  
Service Supply Chain ◽  
Logistics Service Providers ◽  
Port Logistics ◽  
Service Capability

This paper mainly studies the problem of multi-task assignment of providers in port logistics service supply chain. As a core enterprise, port plays the role of logistics service integrator.With the continuous development of industrial integration, logistics service providers not only provide one kind of logistics service, but also develop into composite suppliers who capable of providing a variety of logistics services . This paper studies the task assignment problem of multi-service capability providers in the port logistics service supply chain. The two-stage logistics service provider task assignment model was built ,which is based on the mixed evaluation method (including MOORA and FMEA) and the multi-objective planning method. Eventually, the effectiveness of the model method was verified by combining with an example.

Information on Risks and Prevention of the Supply Chain in E-Commerce Environment

2012 ◽  
Vol 605-607 ◽  
pp. 493-496
Author(s):  
Peng Ying Xu
Keyword(s):  
Supply Chain ◽  
Information Sharing ◽  
Dead Time ◽  
Practical Significance ◽  
Security Risks ◽  
Enterprise Information ◽  
Efficient Operation ◽  
Information Risk ◽  
Use Of Resources ◽  
Management Issues

E-commerce environment improves the efficiency of information flow in the supply chain, and realizes information sharing of all aspects. Information sharing in each node enterprise makes more rational use of resources, reduces the dead time of all aspects, and advances the operational efficiency of supply chain, which plays an increasingly important role in the orderly operation of the entire supply chain. While network technology and IT facilitate supply chain management, their security risks have brought trouble to the effective operation of the supply chain, which restricts the operation and development of the supply chain. Therefore, the supply chain information risk management issues are paid more attention. In this situation, I study and analyze the information risk of the supply chain in e-commerce environment, also explore the corresponding information risk. This helps provide decision support for enterprise information risk analysis of supply chain and has important practical significance to the accurate and efficient operation of the entire supply chain in e-commerce environment.

Sign in / Sign up

Export Citation Format

Share Document