Procurement contract design under asymmetric information of random yield

DOI10.1142/S0217595923500161MaRDI QIDQ6635993zbMATH OpenFDO

Authors Qingkai Ji, Feng Liu, Jun Zhuang

Publication date 12 November 2024

Published in Asia-Pacific Journal of Operational Research (Search for Journal in Brave)

zbMATH Keywords

asymmetric informationrandom yieldsupply chain contract

Mathematics Subject Classification ID

Stochastic programming (90C15) Transportation, logistics and supply chain management (90B06) Contract theory (moral hazard, adverse selection) (91B41)

Recommendations

• Optimal procurement strategy under supply risk
• Optimal pricing contracts and level of information asymmetry in a supply chain
• Contracting with asymmetric demand information in supply chains
• Two-part tariff contracting with competing unreliable suppliers in a supply chain under asymmetric information
• Achieving optimal performance of supply chain under cost information asymmetry

Cites work

• A carrier-shipper contract under asymmetric information in the ocean transport industry
• Incentive Compatibility and the Bargaining Problem
• Optimal Auction Design
• Supply Disruptions, Asymmetric Information, and a Backup Production Option
• The impacts of channel structure and information on an OEM's procurement strategy
• Two-part tariff contracting with competing unreliable suppliers in a supply chain under asymmetric information

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