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
This is the latest version of this item.
Related URLs
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
Available Versions of this Item
-
On Contractual Periods in Supplier Development. (deposited 23 Jan 2016 22:00)
- On Contractual Periods in Supplier Development. (deposited 23 Jun 2016 09:42) [Currently Displayed]