Sourcing under overconfident buyer and suppliers

被引:18
作者
Jain, Tarun [1 ]
Hazra, Jishnu [2 ]
Cheng, T. C. E. [3 ]
机构
[1] Indian Inst Management Udaipur, Udaipur 313001, India
[2] Indian Inst Management Bangalore, Bangalore 560076, Karnataka, India
[3] Hong Kong Polytech Univ, PolyU Business Sch, Dept Logist & Maritime Studies, Hong Kong, Hong Kong, Peoples R China
关键词
Overconfidence; Capacity reservation; Bidding; Asymmetric capacity information; REVENUE-SHARING CONTRACTS; BOUNDED RATIONALITY; INFORMATION; CHAIN; AUCTIONS; RISK; DESIGN; IMPACT; MANAGEMENT; SELECTION;
D O I
10.1016/j.ijpe.2018.09.028
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
In supply chains the buyer and its suppliers are often overconfident in situations where they face demand uncertainties. In this paper we study the impact of such overconfidence bias on the buyer's supply-base design strategy. With overconfidence bias, the buyer and suppliers perceive lower demand variability as compared with reality. Characterizing the buyer's optimal reserved capacity and optimal number of suppliers in the supply base, we find a threshold policy for impact of the buyer's overconfidence bias. We also find that the suppliers' overconfidence bias decreases the buyer's reserved capacity and number of suppliers in the supply base.
引用
收藏
页码:93 / 109
页数:17
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