Supply Chain Coordination in Case of Asymmetric Information [electronic resource] : Information Sharing and Contracting in a Just-in-Time environment. / by Guido Voigt.
By: Voigt, Guido [author.].
Contributor(s): SpringerLink (Online service).
Material type:
BookSeries: Lecture Notes in Economics and Mathematical Systems: 650Publisher: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2011Description: XXVII, 181p. 58 illus. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9783642201325.Subject(s): Economics | Economics/Management Science | Production/Logistics/Supply Chain Management | Economics/Management Science, generalDDC classification: 658.5 Online resources: Click here to access online Introduction -- Supply chain coordination in case of asymmetric information -- On the impact of fixed cost reduction in the strategic lotsizing framework -- The impact of information sharing on the effectiveness of screening contracts: A first laboratory experiment -- The impact of contract complexity, supply chain configuration, and out-of-equilibrium behavior on the effectiveness of information sharing: A second laboratory experiment -- A behavioral model on the effects of information sharing on supply chain performance -- Conclusion and outlook.
Information sharing is frequently promoted as a mean to improve the supply chain performance. This work shows the results of behavioral experiments, in which the participants share private information in order to influence the contract terms in a Just-in-Time environment. It is shown that the impact of information sharing is ambiguous, and dependent on several factors, such as contract flexibility and complexity or the interacting behavioral types. The experimental results form the basis for a behavioral principal-agent model that gives valuable insights on how the interaction of trust, trustworthiness and the information sharing strategy impacts the supply chain performance.
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