Supply Chain Coordination in Case of Asymmetric Information: Information Sharing and Contracting in a Just-In-Time Environment

ISBN-13: 9783642201318 / Angielski / Miękka / 2011 / 181 str.

Guido Voigt

Opis

This book uses the result of a behaviorial experimental to form a behavioral principal-agent model that gives valuable insight into the interaction of trust, trustworthiness and information sharing strategy, and how this impacts the supply chain performance.

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Spis treści

Introduction.- Supply chain coordination in case of asymmetric information.- On the impact of fixed cost reduction in the strategic lotsizing framework.- The impact of information sharing on the effectiveness of screening contracts: A first laboratory experiment.- The impact of contract complexity, supply chain configuration, and out-of-equilibrium behavior on the effectiveness of information sharing: A second laboratory experiment.- A behavioral model on the effects of information sharing on supply chain performance.- Conclusion and outlook.

Blurb

Information sharing is frequently promoted as a mean to improve the supply chain performance. This work shows the results of behavioral experiments, in which the participants share private information in order to influence the contract terms in a Just-in-Time environment. It is shown that the impact of information sharing is ambiguous, and dependent on several factors, such as contract flexibility and complexity or the interacting behavioral types. The experimental results form the basis for a behavioral principal-agent model that gives valuable insights on how the interaction of trust, trustworthiness and the information sharing strategy impacts the supply chain performance.