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Towards Dynamic Contract Extension in Supplier Development

Title data

Worthmann, Karl ; Proch, Michael ; Braun, Philipp ; Schlüchtermann, Jörg ; Pannek, Jürgen:
Towards Dynamic Contract Extension in Supplier Development.
In: Logistics Research. Vol. 9 (2016) Issue 1 . - pp. 1-12.
ISSN 1865-0368
DOI: https://doi.org/10.1007/s12159-016-0141-z

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We consider supplier development within a supply chain consisting of a single manufacturer and a single supplier. Because investments in supplier development are usually relationship-specific, safeguard mechanisms against the hazards of partner opportunism have to be installed. Here, formal contracts are considered as the primary measure to safeguard investments. However, formal contracts entail certain risks, e.g., a lack of flexibility, particular in a dynamic and uncertain business environment. We propose a receding horizon control scheme to mitigate possible contractual drawbacks while significantly enhancing the supplier development process and, thus, to increase the overall supply chain profit. Our findings are validated by a numerical case study.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: supply chain management; supplier development; optimal control; receding horizon scheme; 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 Mathematics, Physics und Computer Science > Department of Mathematics > Chair Mathematics V (Applied Mathematics) > Chair Mathematics V (Applied Mathematics) - Univ.-Prof. Dr. Lars Grüne)
Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics > Professorship Applied Mathematics (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: 27 Sep 2016 06:32
Last Modified: 27 Sep 2016 06:32
URI: https://eref.uni-bayreuth.de/id/eprint/34799

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