This paper considers a standard newsvendor problem in a two-echelon supply chain setup. We use an experimental approach to investigate the deviation of decision makers from choosing optimal values in the context of supply chain contracts. Literature suggests that the coordinating contracts, such as revenue sharing or buyback contracts, do not necessarily improve the performance. Approaches to improve the existing revenue sharing and buyback contracts are examined in this paper. A rational supplier, who is likely to commit decision errors, sets the contract parameters to a retailer. These approaches are observed in a laboratory setting where human subjects are used to verify the experimental studies. The results show that the revenue sharing contracts, with appropriate feedback, can reduce the demand-chasing characteristic, generally seen in decision makers. This paper also discusses limitations and provides suggestions to future research.
|Commitee:||Bharati, Pratyush, Chakraborty, Atreya, Golmohammadi, Davood, Quaglieri, Philip|
|School:||University of Massachusetts Boston|
|Department:||Business Administration - MBA, PhD|
|School Location:||United States -- Massachusetts|
|Source:||MAI 51/04M(E), Masters Abstracts International|
|Subjects:||Management, Operations research|
|Keywords:||Buyback, Newsvendor problem, Revenue sharing, Supply chain|
Copyright in each Dissertation and Thesis is retained by the author. All Rights Reserved
The supplemental file or files you are about to download were provided to ProQuest by the author as part of a
dissertation or thesis. The supplemental files are provided "AS IS" without warranty. ProQuest is not responsible for the
content, format or impact on the supplemental file(s) on our system. in some cases, the file type may be unknown or
may be a .exe file. We recommend caution as you open such files.
Copyright of the original materials contained in the supplemental file is retained by the author and your access to the
supplemental files is subject to the ProQuest Terms and Conditions of use.
Depending on the size of the file(s) you are downloading, the system may take some time to download them. Please be