The role of spot market in a decentralised supply chain under random yield

被引：30

作者：

Ma, Shihua ^{[1
]}

Yin, Zhe ^{[1
]}

Guan, Xu ^{[2
]}

机构：

[1] Huazhong Univ Sci & Technol, Sch Management, Wuhan 430074, Peoples R China

[2] Wuhan Univ, Econ & Management Sch, Wuhan 430072, Peoples R China

来源：

INTERNATIONAL JOURNAL OF PRODUCTION RESEARCH | 2013年 / 51卷 / 21期

基金：

中国国家自然科学基金;

关键词：

manufacturing system; supply chain; random yield; spot market; demand uncertainty; VMI; VENDOR-MANAGED INVENTORY; ASSEMBLY SYSTEMS; COORDINATION; DEMAND; QUANTITIES; CONTRACTS; ORDER;

D O I：

10.1080/00207543.2013.813987

中图分类号：

T [工业技术];

学科分类号：

08 ;

摘要：

We consider a decentralised supply chain with demand uncertainty, wherein a manufacturer sells a single product that consists of two components to the end consumer through an independent distributor. Assume that one component has a random yield, the manufacturer may rely on the spot market to replenish any shortage components after the random yield is realised. We identify the optimal product order, component production and replenishment decisions under two different situations. One is the traditional arrangement that the distributor decides the product procurement quantity and the manufacturer chooses the production quantity. The other is vendor-managed inventory (VMI) arrangement in which the manufacturer is responsible for both the order and the production decisions. The results show that the role of spot market can effectively offset the negative effects from production yield's, market demand's and component spot price's variances. Consequently, the spot market leads to the cooperation between the manufacturer and the distributor, and improves the channel's overall performance, in particular under the VMI arrangement when the wholesale price is sufficiently high.

引用

页码：6410 / 6434

页数：25

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