Commitment decisions with partial information updating

被引:61
作者
Ferguson, ME [1 ]
DeCroix, GA
Zipkin, PH
机构
[1] Georgia Inst Technol, Atlanta, GA 30332 USA
[2] Duke Univ, Durham, NC 27708 USA
关键词
order timing; forecast updating; decentralized control; power;
D O I
10.1002/nav.20119
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
In this paper, we extend the results of Ferguson M. Naval Research Logistics 50, 2003, 917-936. on an end-product manufacturer's choice of when to commit to an order quantity from its parts supplier. During the supplier's lead-time, information arrives about end-product demand. This information reduces some of the forecast uncertainty. While the supplier must choose its production quantity of parts based on the original forecast, the manufacturer can wait to place its order from the supplier after observing the information update. We find that a manufacturer is sometimes better off with a contract requiring an early commitment to its order quantity, before the supplier commits resources. On the other hand, the supplier sometimes prefers a delayed commitment. The preferences depend upon the amount of demand uncertainty resolved by the information as well as which member of the supply chain sets the exchange price. We also show conditions where demand information updating is detrimental to both the manufacturer and the supplier. (C) 2005 Wiley Periodicals, Inc.
引用
收藏
页码:780 / 795
页数:16
相关论文
共 20 条
[1]  
BROWN A, 1998, OPTIMAL PAY DELAY CA
[2]   Contracting to assure supply: How to share demand forecasts in a supply chain [J].
Cachon, GP ;
Lariviere, MA .
MANAGEMENT SCIENCE, 2001, 47 (05) :629-646
[3]   The allocation of inventory risk in a supply chain: Push, pull, and advance-purchase discount contracts [J].
Cachon, GP .
MANAGEMENT SCIENCE, 2004, 50 (02) :222-238
[4]  
Deng S., 2002, ROLE 2 PURCHASE OPPO
[5]  
Deng S., 2002, COMBINING SPOT PURCH
[6]   Efficient supply contracts for fashion goods with forecast updating and two production modes [J].
Donohue, KL .
MANAGEMENT SCIENCE, 2000, 46 (11) :1397-1411
[7]  
ERKOC M, 2002, MANAGING HIGH TECH C
[8]   When to commit in a serial supply chain with forecast updating [J].
Ferguson, ME .
NAVAL RESEARCH LOGISTICS, 2003, 50 (08) :917-936
[9]   Reducing the cost of demand uncertainty through accurate response to early sales [J].
Fisher, M ;
Raman, A .
OPERATIONS RESEARCH, 1996, 44 (01) :87-99
[10]  
GOLOVACHKINA N, 2002, SUPPLIER MANUFACTURE