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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.
Bayreuth
,
2016
. - 19 p.
Official URL: 
Abstract in another language
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: |
Preprint, postprint
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| Keywords: |
supply chain management; supplier development; optimal control; receding horizon scheme; dynamic systems
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| 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 > Chair 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, Production Management and Industrial Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration V, Production Management and Industrial Economics > Chair Business Administration V, Production Management and Industrial Economics - 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 Jan 2016 22:00 |
| Last Modified: |
23 Sep 2016 10:29 |
| URI: |
https://eref.uni-bayreuth.de/id/eprint/29915 |
Available Versions of this Item
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Towards Dynamic Contract Extension in Supplier Development. (deposited 23 Jan 2016 22:00)
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