Risk-averse supply chain for modular construction projects
نویسندگان
چکیده
منابع مشابه
Coordination of a Supply Chain with Risk-Averse Agents
The extant supply chain management literature has not addressed the issue of coordination in supply chains involving risk-averse agents. We take up this issue and begin with defining a coordinating contract as one that results in a Pareto-optimal solution acceptable to each agent. Our definition generalizes the standard one in the risk-neutral case. We then develop coordinating contracts in thr...
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The construction project is a business full of risk in every process due to its complexity, changes, and involvement from various stakeholders. One of the critical risks in the construction project is in the supply chain. Identifying and assessing the risk with the right tools and methods in that area will inevitably affect the success of the project. Unfortunately, the research for the tools a...
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We investigate how a supply chain, formed by a risk-neutral supplier and a riskaverse retailer, can be coordinated with a supply contract. We demonstrate that the standard wholesale, buy-back or revenue-sharing contracts do not coordinate such a channel. We propose a definition of coordination of the supply chain, and design an easy-to-implement risk-sharing contract that offers the desired dow...
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This paper analyzes risk management contracts used to handle currency risk in a decentralized supply chain that consists of risk-averse divisions in a multinational firm. Particular contracts of interest involve transferring risk to a third party by using risk-transfer contracts such as currency options and re-arranging risk between supply chain members using risk-sharing contracts. Due to dece...
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This article considers a decentralized supply chain in which a single manufacturer is selling a perishable product to a single retailer facing uncertain demand. It differs from traditional supply chain contract models in two ways. First, while traditional supply chain models are based on risk neutrality, this article takes the viewpoint of behavioral principal–agency theory and assumes the manu...
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ژورنال
عنوان ژورنال: Automation in Construction
سال: 2019
ISSN: 0926-5805
DOI: 10.1016/j.autcon.2019.102898