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On Contractual Periods in Supplier Development

Title data

Worthmann, Karl ; Braun, Philipp ; Proch, Michael ; Schlüchtermann, Jörg ; Pannek, Jürgen:
On Contractual Periods in Supplier Development.
In: IFAC-PapersOnLine. Vol. 49 (2016) Issue 2 . - pp. 60-65.
ISSN 2405-8963
DOI: https://doi.org/10.1016/j.ifacol.2016.03.011

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Abstract in another language

We consider supplier development within a supply chain consisting of a single manufacturer and a single supplier. Because supplier development usually requires relationship-specific investments, firms need to protect themselves against partner opportunism. Even though contracts are viewed as the primary formal means of safeguarding transactions, they also entail certain risks, e.g., a lack of flexibility, particular in a dynamic and uncertain business environment. Thus, we propose a receding horizon control scheme to mitigate possible contractual hazards while significantly increasing the overall supply chain profit. Our findings are illustrated by a numerical example.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: supply chain management; supplier development; optimal control; predictive control; dynamic systems
Institutions of the University: Faculties
Faculties > Faculty of Mathematics, Physics und Computer Science
Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics
Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics > Chair Mathematics V (Applied Mathematics)
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration V
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration V > Chair Business Administration V - Univ.-Prof. Dr. Jörg Schlüchtermann
Profile Fields
Profile Fields > Advanced Fields
Profile Fields > Advanced Fields > Nonlinear Dynamics
Result of work at the UBT: Yes
DDC Subjects: 300 Social sciences
300 Social sciences > 330 Economics
500 Science > 510 Mathematics
Date Deposited: 23 Jun 2016 09:42
Last Modified: 23 Jun 2016 09:42
URI: https://eref.uni-bayreuth.de/id/eprint/32134

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