literature has dealt mainly with only one type of loss. A central research methodology for supply chain management is game theory (and also incentive theory for the scenario of incomplete information). Huh and Janakiraman 24 study periodic-review inventory replenishment problems with auctions and other sales channels and show that the optimality of (s, S) inventory replenishment policies extends well beyond the traditional sales environments studied so far in the inventory literature. Parlaktürk 66 considers a firm that sells two vertically (quality) differentiated products to strategically forward-looking consumers over two periods, setting the prices dynamically in each period.
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Finally, we conclude the paper with the insights obtained from our analysis and future study directions in this field. Hence, the contention that it is supply chains, and not a single company, that compete is a central tenet in the field of supply chain management. They show that firms may offer high availability of goods despite the presence of conspicuous consumption and scarcity strategies are harder to adopt as demand variability increases. A noticeable issue is the utilization of auctioning in the sourcing strategy. Conception and Scope.1. By economic, financial, social, humanitarian or environmental criteria. Copyright 2014 Xiang. Chiang 37 extends the single-period vertical price interaction in a manufacturer-retailer dyad to a multiperiod setting, in which a manufacturer distributes a durable product through an exclusive retailer to an exhaustible population of consumers with heterogeneous reservation prices. Orbaciolu and van der Laan 54 analyze a two-product system with end-product stock containing both manufactured and remanufactured products while the remanufacturable stock may contain products of different quality.
For example, in addressing the issues of supply chain coordination, some papers establish the respective models and verify the findings by real-world cases and some papers conduct behavioral experiments with the goal of exploring the real-world relevance of some theoretical models. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software. Studies on the interplay between exogenous and endogenous factors are also highly relevant. . Other related works include Kiesmüller 44, Tang and Grubbström 45, Aras. Sourcing and Marketing in Supply Chain Sourcing is the first step in a supply chain.
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