INFORMATION FORECAST IN A SUPPLY CHAIN WITH ELECTRONIC MARKET

Pingping Hu, Wei Xing, Ling Jiao

2011

Abstract

This paper considers a supply chain consists with a risk-neutral supplier and a risk-averse manufacturer in the presence of electronic market. We study how superior demand-forecast information for the manufacturer affects the supplier’s profit and strategy. Our study shows that if the profit margin is large for the manufacturer, the supplier will set a higher the wholesale price to a better-forecast manufacturer. We also find that if the correlation coefficient is zero, the forecast accuracy does not affect the supplier’s profit. At last, we numerically study how the forecast accuracy affects the supplier’s profit.

Paper Citation

in Harvard Style

Hu P., Xing W. and Jiao L. (2011). INFORMATION FORECAST IN A SUPPLY CHAIN WITH ELECTRONIC MARKET . In Proceedings of the 13th International Conference on Enterprise Information Systems - Volume 3: DMLSC, (ICEIS 2011) ISBN 978-989-8425-55-3, pages 507-510. DOI: 10.5220/0003580805070510

in Bibtex Style

@conference{dmlsc11,
author={Pingping Hu and Wei Xing and Ling Jiao},
title={INFORMATION FORECAST IN A SUPPLY CHAIN WITH ELECTRONIC MARKET},
booktitle={Proceedings of the 13th International Conference on Enterprise Information Systems - Volume 3: DMLSC, (ICEIS 2011)},
year={2011},
pages={507-510},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0003580805070510},
isbn={978-989-8425-55-3},
}

in EndNote Style

TY - CONF
JO - Proceedings of the 13th International Conference on Enterprise Information Systems - Volume 3: DMLSC, (ICEIS 2011)
TI - INFORMATION FORECAST IN A SUPPLY CHAIN WITH ELECTRONIC MARKET
SN - 978-989-8425-55-3
AU - Hu P.
AU - Xing W.
AU - Jiao L.
PY - 2011
SP - 507
EP - 510
DO - 10.5220/0003580805070510