Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/30978
Title: A co-ordination model combining incentive scheme and co-ordination policy for a single-vendor-multi-buyer supply chain
Authors: Chan, CK 
Lee, YCE
Keywords: Supply chain
Synchronization
Multiple buyers
Price discount
Issue Date: 2012
Publisher: Elsevier
Source: International journal of production economics, 2012, v. 135, no. 1, p. 136-143 How to cite?
Journal: International journal of production economics 
Abstract: Incentive scheme and co-ordination policy are substantial components for the co-ordination of a decentralized supply chain system, but there is little work combining the two components as a single decision model (Li and Wang, 2007). This paper proposes a model which incorporates both incentive and co-ordination issues into a single co-ordination model for a single-vendor multi-buyer supply chain. In the proposed model, the co-ordination is achieved by synchronizing ordering and production cycles while price discount, which is based on the buyers' order intervals, is used as the incentive to motivate buyers to participate in the co-ordination. While the vendor is benefited from the co-ordination by synchronized cycles, the proposed price discount scheme can guarantee that a buyer's total relevant cost of co-ordination will be reduced when compared with independent optimization. More importantly, the proposed price discount scheme does not require any cost information from the buyers.
URI: http://hdl.handle.net/10397/30978
ISSN: 0925-5273
DOI: 10.1016/j.ijpe.2010.05.002
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