The role of business insurance in managing a manufacturer's product quality risk

被引：6
作者：
Chen, Jing [1 ]
Wei, Hang [2 ]
Xie, Lei [2 ]
机构：
[1] Shandong Technol & Business Univ, Sch Business Adm, Yantai 264005, Peoples R China
[2] Shanghai Univ Finance & Econ, Sch Int Business Adm, Shanghai 200433, Peoples R China
来源：
OPERATIONS RESEARCH LETTERS | 2017年 / 45卷 / 06期
基金：
中国国家自然科学基金;
关键词：
Yield uncertainty; Business insurance; Quality risk; Risk aversion; SUPPLY CHAIN; CONTRACTS; MODEL;
D O I：
10.1016/j.orl.2017.10.006
中图分类号：
C93 [管理学]; O22 [运筹学];
学科分类号：
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要：
We consider a risk-averse manufacturer that decides whether to accept an order from a retailer and can purchase a business insurance contract. Once the order is delivered to the retailer, a random part of it would turn out to be defective associated with external failure cost. We find that business insurance can substitute and complement with an operational strategy that shares external failure cost or reduces the probability of product defects occurring. (C) 2017 Elsevier B.V. All rights reserved.
引用
收藏
页码：635 / 641
页数：7
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