Advance Selling in a Supply Chain under Uncertain Supply and Demand

2012 ◽  
Author(s):  
Soo-Haeng Cho ◽  
Christopher S. Tang
Keyword(s):  
Supply Chain ◽  
Supply And Demand ◽  
Advance Selling ◽  
Uncertain Supply

Advance Selling in a Supply Chain Under Uncertain Supply and Demand

2013 ◽  
Vol 15 (2) ◽  
pp. 305-319 ◽  
Author(s):  
Soo-Haeng Cho ◽  
Christopher S. Tang
Keyword(s):  
Supply Chain ◽  
Supply And Demand ◽  
Advance Selling ◽  
Uncertain Supply

High world sugar prices: is Asia’s production cycle to blame?

2010 ◽  
pp. 169-173
Author(s):  
Martin Todd
Keyword(s):  
Supply Chain ◽  
Supply And Demand ◽  
Production Cycle ◽  
Low Levels ◽  
High Level ◽  
High World

The current high world sugar prices reflect a major imbalance between global supply and demand, which has reduced stocks to very low levels. Although it remains to be seen whether prices will rise much above current values, it is clear that the supply chain will remain stretched throughout 2010 and this will help to maintain prices at a high level.

scholarly journals The Implementation of CSA Model in Aquaculture Management in Poland

2021 ◽  
Vol 13 (3) ◽  
pp. 1242
Author(s):  
Magdalena Raftowicz ◽  
Magdalena Kalisiak-Mędelska ◽  
Mirosław Struś
Keyword(s):  
Supply Chain ◽  
Supply And Demand ◽  
Profit Maximization ◽  
Source Material ◽  
Agricultural Products ◽  
Alternative Form ◽  
Community Supported Agriculture ◽  
Direct Sales ◽  
Key Stakeholders ◽  
Aquaculture Management

Community Supported Agriculture (CSA) is an alternative form of distributing agricultural products, including fish, consistent with the model of food supply chain shortening. It extends beyond the traditional model of profit maximization and aims at strengthening local interactions with food consumers. The purpose of this article is to assess the feasibility of implementing the CSA model in the Polish carp market, representing the dominant aquaculture product. The research focused on the potential identified on the supply and demand sides of the carp market. The source material was collected through a pilot two-track empirical study conducted in 2019 in the Barycz Valley, where the largest complex of carp breeding ponds is located in Poland, and in Europe. We propose that the following CSA model of direct sales can become a source of specific benefits in the economic, social, and environmental dimensions for the key stakeholders of the supply chain, (i.e., carp producers and consumers). The research results show that in the case of carp production in Poland, CSA may turn out a desirable support for the sale of fish in the future; however, the existing conditions are not yet fully favourable for its development.

Network effect in shared supply chain platform value co-creation behavior in evolutionary game1

2021 ◽  
pp. 1-12
Author(s):  
Zou Xiaohong ◽  
Chen Jinlong ◽  
Gao Shuanping
Keyword(s):  
Boundary Condition ◽  
Supply Chain ◽  
Large Scale ◽  
Simulation Analysis ◽  
Supply And Demand ◽  
Evolutionary Game ◽  
Dynamic Game ◽  
Network Effect ◽  
Chain Model ◽  
The Cost

The shared supply chain model has provided new ideas for solving contradictions between supply and demand for large-scale standardized production by manufacturers and personalized demands of consumers. On the basis of a platform network effect perspective, this study constructs an evolutionary game model of value co-creation behavior for a shared supply chain platform and manufacturers, analyzes their evolutionary stable strategies, and uses numerical simulation analysis to further verify the model. The results revealed that the boundary condition for manufacturers to participate in value co-creation on a shared supply chain platform is that the net production cost of the manufacturers’ participation in the platform value co-creation must be less than that of nonparticipation. In addition, the boundary condition for the shared supply chain platform to actively participate in value co-creation is that the cost of the shared supply chain platform for active participation in value co-creation must be less than that of passive participation. Moreover, value co-creation behavior on the shared supply chain platform is a dynamic game interaction process between players with different benefit perceptions. Finally, the costs and benefits generated by the network effect can affect value co-creation on shared supply chain platforms.

scholarly journals Auction models with resource pooling in modern supply chain management

2019 ◽  
Vol 1 (2) ◽  
pp. 120-134
Author(s):  
Lihua Chen ◽  
Liying Wang ◽  
Yingjie Lan
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Incentive Compatibility ◽  
Supply And Demand ◽  
Vickrey Auction ◽  
Chain Management ◽  
Content Type ◽  
Resource Pooling ◽  
Auction Models ◽  
Auction Model

Purpose In this paper, the main focus is on supply and demand auction systems with resource pooling in modern supply chain from a theoretical modeling perspective. The supply and demand auction systems in modern supply chains among manufacturers and suppliers serve as information sharing mechanisms. The purpose of this paper is to match the supply and demand such that a modern supply chain can achieve incentive compatibility and economic efficiency. The authors design such a supply and demand auction system that can integrate resources to efficiently match the supply and demand. Design/methodology/approach The authors propose three theoretic models of modern supply chain auctions with resource pooling according to the Vickrey auction principle. They are supply auction model with demand resource pooling, demand auction model with supply resource pooling, and double auction model with demand and supply resource pooling. For the proposed auction models, the authors present three corresponding algorithms to allocate resources in the auction process by linear programming, and study the incentive compatibility and define the Walrasian equilibriums for the proposed auction models. The authors show that the solutions of the proposed algorithms are Walrasian equilibriums. Findings By introducing the auction mechanism, the authors aim to realize the following three functions. First is price mining: auction is an open mechanism with multiple participants. Everyone has his own utility and purchasing ability. So, the final price reflects the market value of the auction. Second is dynamic modern supply chain construction: through auction, firm can find appropriate partner efficiently. Third is resources integration: in business practices, especially in modern supply chain auctions, auctioneers can integrate resources and ally buyers or sellers to gain more efficiency in auctions. Originality/value In the paper, the authors propose three theoretic models and corresponding algorithms of modern supply chain auctions with resource pooling according using the Vickrey auction principle, which achieves three functions: price mining, dynamic modern supply chain construction and resources integrating. Besides, these proposed models are much closer to practical settings and may have potential applications in modern supply chain management.

scholarly journals A Study of the Closed-Loop Supply Chain Coordination on Waste Glass Bottles Recycling

2016 ◽  
Vol 2016 ◽  
pp. 1-9 ◽  
Author(s):  
Wenxue Ran ◽  
Fan Chen ◽  
Qianni Wu ◽  
Sen Liu
Keyword(s):  
Supply Chain ◽  
Closed Loop ◽  
Numerical Study ◽  
Supply And Demand ◽  
Waste Glass ◽  
Manufacturing Cost ◽  
Single Node ◽  
Closed Loop Supply Chain ◽  
Waste Products ◽  
Glass Bottles

The recycling of waste products can sharply save manufacturing cost and improve the economic efficiency and corporate-reputation. It also has a great effect on the environment and resources protection. In the management of the closed-loop supply chain, the recycling of waste products and decision-making on pricing often directly affect the supply and demand of products and the operation efficiency of supply chain. Therefore, first we take waste glass bottles as an example and establish a mathematical model to solve the profit of manufacturers and retailers solely. Then, we analyzed whole supply chain profit under a dual-channel recycling condition which is directly recycled by consumers or by retailers. Finally, we concluded that no matter what product’s price, quality, profit, or operational efficiency of supply chain is, the overall recycling is better than the single node recycling model. Based on the analysis, we developed a new model to coordinate the profit of manufacturers and retailers in the supply chain with revenue-sharing contract. A numerical study shows that this approach is applicable and effective.

Wills Lifestyle in India

2017 ◽  
pp. 1-16
Author(s):  
Sunil Chopra
Keyword(s):  
Supply Chain ◽  
Raw Materials ◽  
Supply And Demand ◽  
Third Parties ◽  
The Past ◽  
Relative Value ◽  
High Level

In 2003, ITC responded to the high level of obsolete inventory by shifting risk from finished products to manufacturing and raw materials. This required that their supply chain be much more flexible and responsive than it was in the past. By 2006, changes in the supply chain that included moving manufacturing in-house improved flexibility and responsiveness. Obsolete inventory was significantly reduced and the company was much better at matching supply and demand. Cost, however, continued to be higher than that at third parties. The company had to decide on the appropriate tradeoff between cost and responsiveness when structuring its supply chain.The case illustrates how Wills has changed its supply chain to become more flexible and responsive. This change, however, has come at a cost. The case requires the students to analyze the tradeoff between cost and responsiveness/flexibility to decide on an appropriate level of flexibility/responsiveness. The case also requires the student to understand the relative value of increased flexibility versus increased responsiveness.

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