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On Contractual Periods in Supplier Development

URN to cite this document: urn:nbn:de:bvb:703-epub-2667-5

Title data

Worthmann, Karl ; Braun, Philipp ; Proch, Michael ; Schlüchtermann, Jörg ; Pannek, Jürgen:
On Contractual Periods in Supplier Development.
Bayreuth , 2015 . - 6 S.

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Abstract

We consider supplier development within a supply chain consisting of a single manufacturer and a single supplier. Because supplier development usually requires relationship-specific investments, firms need to protect themselves against partner opportunism. Even though contracts are viewed as the primary formal means of safeguarding transactions, they also entail certain risks, e.g., a lack of flexibility, particular in a dynamic and uncertain business environment. Thus, we propose a receding horizon control scheme to mitigate possible contractual hazards while significantly increasing the overall supply chain profit. Our findings are illustrated by a numerical example.

Further data

Item Type: Preprint, postprint
Keywords: supply chain management; supplier development; optimal control; predictive control; dynamic systems
DDC Subjects: 300 Social sciences
300 Social sciences > 330 Economics
500 Science > 510 Mathematics
Institutions of the University: Faculties
Faculties > Faculty of Mathematics, Physics und Computer Science
Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics
Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics > Chair Mathematics V (Applied Mathematics)
Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics > Chair Mathematics V (Applied Mathematics) > Chair Mathematics V (Applied Mathematics) - Univ.-Prof. Dr. Lars Grüne
Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics > Chair Applied Mathematics
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration V, Production Management and Industrial Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration V, Production Management and Industrial Economics > Chair Business Administration V, Production Management and Industrial Economics - Univ.-Prof. Dr. Jörg Schlüchtermann
Profile Fields
Profile Fields > Advanced Fields
Profile Fields > Advanced Fields > Nonlinear Dynamics
Language: English
Originates at UBT: Yes
URN: urn:nbn:de:bvb:703-epub-2667-5
Date Deposited: 18 Jan 2016 08:50
Last Modified: 28 Mar 2019 14:54
URI: https://epub.uni-bayreuth.de/id/eprint/2667

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