Supply Chain Coordination in Case of Asymmetric Information [electronic resource] : Information Sharing and Contracting in a Just-in-Time environment. /
Vogt, Guido.author.
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.
Description based upon print version of record.
Includes bibliographical references.
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.
Production management.
Business.
Management science.
Operations Management.
Business and Management, general.
Lecture notes in economics and mathematical systems