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Title: Optimal reservation pricing strategy for a fashion supply chain with forecast update and asymmetric cost information
Authors: Yang, D
Xiao, T
Choi, TM 
Cheng, TCE 
Keywords: Asymmetric information
Capacity reservation
Forecast update
Revelation mechanism
Supply chain management
Issue Date: 2015
Publisher: Taylor & Francis
Source: International journal of production research, 2015 How to cite?
Journal: International journal of production research 
Abstract: We address the reservation pricing problem for a two-echelon fashion supply chain in which the downstream manufacturer with private information on its operations cost (low or high type) reserves the capacity for a critical component from the upstream supplier before placing the final order. We consider the case when the demand forecast is partially updated. We find that a novel menu of reservation contracts containing the unit reservation fee with reservation quantity and final order could induce the manufacturer to reveal its operations cost information truthfully. We also show that the supplier should require less capacity reservation and charge a lower unit reservation fee if it has asymmetric information about the manufacturer¡¦s operations cost. Finally, we analyse the effects of forecast update, and our results indicate that: (i) the supplier benefits fr
ISSN: 0020-7543
EISSN: 1366-588X
DOI: 10.1080/00207543.2014.998789
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