Designing contracts for a closed-loop supply chain under information asymmetry

Pan Zhang; Yu Xiong; Zhongkai Xiong; Wei Yan

doi:10.1016/j.orl.2014.01.004

Designing contracts for a closed-loop supply chain under information asymmetry

Pan Zhang, Yu Xiong^*, Zhongkai Xiong, Wei Yan

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

63 Citations (Scopus)

Abstract

This paper studies the problem of designing contracts in a closed-loop supply chain when the cost of collection effort is the retailer's private information. We investigate four cases: two contracts (a two-part nonlinear contract and a collection effort requirement contract), each under complete information and asymmetric information. We derive the manufacturer's optimal contracts for all four cases and analyze the impact of information on the equilibrium results of supply chain members.

Original language	English
Pages (from-to)	150-155
Number of pages	6
Journal	Operations Research Letters
Volume	42
Issue number	2
Early online date	4 Feb 2014
DOIs	https://doi.org/10.1016/j.orl.2014.01.004
Publication status	Published - Mar 2014
Externally published	Yes

Keywords

Asymmetric information
Contracting
Remanufacturing
Reverse logistics
Supply chain management

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.orl.2014.01.004

Cite this

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title = "Designing contracts for a closed-loop supply chain under information asymmetry",

abstract = "This paper studies the problem of designing contracts in a closed-loop supply chain when the cost of collection effort is the retailer's private information. We investigate four cases: two contracts (a two-part nonlinear contract and a collection effort requirement contract), each under complete information and asymmetric information. We derive the manufacturer's optimal contracts for all four cases and analyze the impact of information on the equilibrium results of supply chain members.",

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AU - Zhang, Pan

AU - Xiong, Yu

AU - Xiong, Zhongkai

AU - Yan, Wei

PY - 2014/3

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N2 - This paper studies the problem of designing contracts in a closed-loop supply chain when the cost of collection effort is the retailer's private information. We investigate four cases: two contracts (a two-part nonlinear contract and a collection effort requirement contract), each under complete information and asymmetric information. We derive the manufacturer's optimal contracts for all four cases and analyze the impact of information on the equilibrium results of supply chain members.

AB - This paper studies the problem of designing contracts in a closed-loop supply chain when the cost of collection effort is the retailer's private information. We investigate four cases: two contracts (a two-part nonlinear contract and a collection effort requirement contract), each under complete information and asymmetric information. We derive the manufacturer's optimal contracts for all four cases and analyze the impact of information on the equilibrium results of supply chain members.

KW - Asymmetric information

KW - Contracting

KW - Remanufacturing

KW - Reverse logistics

KW - Supply chain management

U2 - 10.1016/j.orl.2014.01.004

DO - 10.1016/j.orl.2014.01.004

M3 - Article

AN - SCOPUS:84894211921

SN - 0167-6377

VL - 42

SP - 150

EP - 155

JO - Operations Research Letters

JF - Operations Research Letters

IS - 2

ER -

Designing contracts for a closed-loop supply chain under information asymmetry

Abstract

Keywords

UN SDGs

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