Coordination of Time-Varying Price Supply Chain with Risk-Averse Members under Random Order Response Time

Abstract EN

A joint contract is proposed to coordinate the time-varying supply chain of risk-averse manufacturers and retailers.

The joint contract uses price reduction subsidies and revenue-sharing strategies to enable manufacturers and retailers to share risks and achieve overall coordination of the supply chain.

Firstly, a centralized and a decentralized decision-making model of the risk-averse supply chain are established.

On this basis, reasons for the supply chain failure to coordinate are analyzed, and a joint contract is designed.

Then, the specific form of the joint contract is given.

Finally, the coordination effect of the joint contract is quantitatively analyzed through numerical analysis.