Cooperative innovation in the medical supply chain based on user feedback

DOI10.1155/2020/7106917MaRDI QIDQ2179142zbMATH OpenOpenAlexFDO

Authors Ran Chen, Guisheng Hou, Yu Wang

Publication date 12 May 2020

Published in Complexity (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1155/2020/7106917

Mathematics Subject Classification ID

Transportation, logistics and supply chain management (90B06) Feedback control (93B52) Stochastic stability in control theory (93E15)

Review text

Summary: Given the importance of users in medical innovation, positive user participation can boost the cooperative innovation process within the medical supply chain. A stochastic differential model based on user feedback is proposed to study the relationship between user feedback and the medical supply chain. The stability and sensitivity of the medical supply chain is analysed through different parameters. The results show that the effect of patient feedback and suggestions from hospitals on the innovation level of medical services and medical products is positive, such that the impact of the innovation level of medical services on users and the effect of patient feedback are positively related to marginal profits and that cooperative innovation is beneficial for medical product and service innovation and the improvement of demand and profits.

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Cites work

• Competitive advertising under uncertainty: a stochastic differential game approach
• Fuzzy stochastic differential systems
• Implications for firms with limited information to take advantage of reference price effect in competitive settings
• Research on supply chain stability driven by consumer's channel preference based on complexity theory
• Risk minimizing portfolios and HJBI equations for stochastic differential games
• The complexity analysis in dual-channel supply chain based on fairness concern and different business objectives
• The influence of information on the stability of a dynamic Bertrand game

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