Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/26172
Title: Mean-variance analysis of supply chains under wholesale pricing and profit sharing schemes
Authors: Wei, Y
Choi, TM 
Keywords: Mean-variance analysis
Supply chain coordination
Supply chain management
Issue Date: 2010
Publisher: Elsevier
Source: European journal of operational research, 2010, v. 204, no. 2, p. 255-262 How to cite?
Journal: European journal of operational research 
Abstract: In this paper, we explore the use of a wholesale pricing and profit sharing scheme (WPPS) for coordinating supply chains under the mean-variance (MV) decision framework. We first analytically establish the necessary and sufficient conditions for coordinating the centralized supply chain by WPPS. We then show that there exists a unique equilibrium of the Stackelberg game with WPPS in the decentralized case. After that, we discuss the information asymmetric case in which the retailer can be benefited by pretending to be more risk averse. Finally, we propose a new measure for the manufacturer to prevent this cheating from happening. Insights are generated.
URI: http://hdl.handle.net/10397/26172
ISSN: 0377-2217
EISSN: 1872-6860
DOI: 10.1016/j.ejor.2009.10.016
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