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Optimization and Coordination of Crowdsourcing Supply Chain in Fast Fashion Industry
Joint Authors
Zeng, Xianyi
Li, Jizi
Liu, Chunling
Zhang, Nian
Source
Mathematical Problems in Engineering
Issue
Vol. 2018, Issue 2018 (31 Dec. 2018), pp.1-16, 16 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2018-12-27
Country of Publication
Egypt
No. of Pages
16
Main Subjects
Abstract EN
Due to inadequate designers in fast fashion industry and the development of the Internet, small-and-medium-sized garment makers have gradually turned to external talents to enhance their new product design efficiency via crowdsourcing initiative.
This paper presents a new framework of crowdsourcing supply chain for fast fashion industry.
First, a basic multiperiod order model is established in a crowdsourcing supply chain system, where a garment maker chooses the best one among available solutions submitted by online designers (i.e., crowdsources) in each period, then transforms it into finished product, and sells to consumers through a retailer.
Second, we extend this model by integrating the factors of capital turnover, the retailer’s risk-aversion, and the garment maker’s minimum production quantity.
Moreover, utilizing wholesale price, buyback, and profit-sharing scheme designs a mixed contract for coordinating crowdsourcees, retailer, and garment maker of crowdsourcing supply chain for achieving Pareto optimality.
The models help the garment maker determining the optimal production quantities of crowdsourcing designed products and enable the retailer placing the optimum orders and setting the reasonable risk level.
In addition, we also find that the incentive policy for crowdsourcing designers can be fulfilled by using a profit-sharing scheme with a piecewise function of order quantity instead of a linear function.
American Psychological Association (APA)
Li, Jizi& Liu, Chunling& Zeng, Xianyi& Zhang, Nian. 2018. Optimization and Coordination of Crowdsourcing Supply Chain in Fast Fashion Industry. Mathematical Problems in Engineering،Vol. 2018, no. 2018, pp.1-16.
https://search.emarefa.net/detail/BIM-1209162
Modern Language Association (MLA)
Li, Jizi…[et al.]. Optimization and Coordination of Crowdsourcing Supply Chain in Fast Fashion Industry. Mathematical Problems in Engineering No. 2018 (2018), pp.1-16.
https://search.emarefa.net/detail/BIM-1209162
American Medical Association (AMA)
Li, Jizi& Liu, Chunling& Zeng, Xianyi& Zhang, Nian. Optimization and Coordination of Crowdsourcing Supply Chain in Fast Fashion Industry. Mathematical Problems in Engineering. 2018. Vol. 2018, no. 2018, pp.1-16.
https://search.emarefa.net/detail/BIM-1209162
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1209162