×

zbMATH — the first resource for mathematics

The quantity flexibility contract and supplier-customer incentives. (English) Zbl 1231.90065
Summary: Consider a supply chain consisting of two independent agents, a supplier (e.g., a manufacturer) and its customer (e.g., a retailer), the latter in turn serving an uncertain market demand. To reconcile manufacturing/procurement time lags with a need for timely response to the market, such supply chains often must commit resources to production quantities based on forecasted rather than realized demand.
Reviewer: Reviewer (Berlin)

MSC:
90B05 Inventory, storage, reservoirs
91B42 Consumer behavior, demand theory
PDF BibTeX XML Cite
Full Text: DOI