Supply chain coordination under asymmetric information and partial vertical integration

نویسندگان

چکیده

Abstract Supply chain contracting is known to suffer from inefficiency in the presence of asymmetric information. Full vertical integration would eliminate informational but can be strategically undesirable. Yet today’s supply partnerships exhibit a certain degree partial via equity ties between firms. Such governance forms received limited attention research. Management literature suggests that may help firms ease problems by aligning their incentives, and thus improve total surplus. We address this proposition studying model partially integrated which buyer holds an stake supplier. adopt operational perspective investigate within joint economic lot size framework. demonstrate classical setting, fact sufficient for eliminating achieving coordination. However, contrary what one expect, tighter harm performance defeat explain underlying mechanism it analytically numerically. Our results characterize sensitivity stress importance planning strategic decision making.

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ژورنال

عنوان ژورنال: Annals of Operations Research

سال: 2022

ISSN: ['1572-9338', '0254-5330']

DOI: https://doi.org/10.1007/s10479-022-04705-4