A new equilibrium strategy of supply and demand for the supply chain of pig cycle

DOI10.1155/2020/2093593MaRDI QIDQ2007325zbMATH OpenOpenAlexFDO

Authors Changxiang Lu, J. Q. Fang, Shaochuan Fu

Publication date 13 October 2020

Published in Mathematical Problems in Engineering (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1155/2020/2093593

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Transportation, logistics and supply chain management (90B06)

Review text

Summary: The pig market had experienced a cycle of price rise and fall, also known as the ``pig cycle. This paper analyzes the fluctuation relationship between pig price, pig supply, and pork demand, constructs a system dynamics model of the pig industry by decomposing the structure of the pig supply chain, and then discusses the causes of ``pig cycle, as well as the supply chain management strategy and industrial policy, to stabilize the pig industry market. Research shows that reducing the cost of pig breeding, countercyclical adjustment, and government macrocontrol can effectively reduce the fluctuation of pig prices. Among them, reducing the pig breeding cost is the most effective long-term strategy to stabilize the pig price.

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Cites work

• Contracts and coordination: supply chains with uncertain demand and supply
• Managing a dual-channel supply chain under price and delivery-time dependent stochastic demand

Cited in

(2)

• A study on the prediction of the Chinese annual supply of live hogs
• Pork price forecasting based on public opinion and policy impact

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