Improving supply chain performance and managing risk under weather-related demand uncertainty / Frank Youhua Chen in Management science, Vol. 56 N° 8 (Août 2010)  

Public ISBD [article]  inManagement science > Vol. 56 N° 8 (Août 2010) . - pp. 1380-1397 Titre : Improving supply chain performance and managing risk under weather-related demand uncertainty Type de document : texte imprimé Auteurs : Frank Youhua Chen, Auteur ; Candace Arai Yano, Auteur Année de publication : 2010 Article en page(s) : pp. 1380-1397 Note générale : Management Langues : Anglais (eng) Mots-clés : Weather-linked rebate Weather risk derivatives Supply chain coordination Index. décimale : 658 Organisation des entreprises. Techniques du commerce Résumé : We consider a manufacturer-retailer supply chain for a seasonal product whose demand is weather sensitive. The retailer orders from the manufacturer (supplier) prior to the selling season and then sells to the market. We examine how a manufacturer can structure a weather-linked rebate to improve his expected profit. The proposed class of rebate contracts offers several advantages over many other contract structures, including no required verification of leftover inventory and/or markdown amounts, and no adverse effect on sales effort by the retailer. We provide a thorough analysis of the manufacturer's and retailer's decisions in this context. We show that the weather-linked rebate can take many different forms, and this flexibility allows the supplier to design contracts that are Pareto improving and/or limit his risk in offering the contract and the retailer's risk in accepting it. For weather rebates with certain characteristics, the manufacturer can fully hedge his risks of offering a weather rebate by paying a risk premium; we show how this can be accomplished. We also show that the basic structural results extend to settings in which the two parties would like to limit their risk. DEWEY : 658 ISSN : 0025-1909 En ligne : http://mansci.journal.informs.org/content/56/8.toc [article] Improving supply chain performance and managing risk under weather-related demand uncertainty [texte imprimé] / Frank Youhua Chen, Auteur ; Candace Arai Yano, Auteur . - 2010 . - pp. 1380-1397. Management Langues : Anglais (eng) in Management science > Vol. 56 N° 8 (Août 2010) . - pp. 1380-1397 Mots-clés : Weather-linked rebate Weather risk derivatives Supply chain coordination Index. décimale : 658 Organisation des entreprises. Techniques du commerce Résumé : We consider a manufacturer-retailer supply chain for a seasonal product whose demand is weather sensitive. The retailer orders from the manufacturer (supplier) prior to the selling season and then sells to the market. We examine how a manufacturer can structure a weather-linked rebate to improve his expected profit. The proposed class of rebate contracts offers several advantages over many other contract structures, including no required verification of leftover inventory and/or markdown amounts, and no adverse effect on sales effort by the retailer. We provide a thorough analysis of the manufacturer's and retailer's decisions in this context. We show that the weather-linked rebate can take many different forms, and this flexibility allows the supplier to design contracts that are Pareto improving and/or limit his risk in offering the contract and the retailer's risk in accepting it. For weather rebates with certain characteristics, the manufacturer can fully hedge his risks of offering a weather rebate by paying a risk premium; we show how this can be accomplished. We also show that the basic structural results extend to settings in which the two parties would like to limit their risk. DEWEY : 658 ISSN : 0025-1909 En ligne : http://mansci.journal.informs.org/content/56/8.toc

Exemplaires

Code-barres	Cote	Support	Localisation	Section	Disponibilité
aucun exemplaire