TY - JOUR
T1 - Supply chain analysis for standard and customized products with postponement
AU - Zheng, Meimei
AU - Shi, Xiaoqian
AU - Pan, Ershun
AU - Wu, Kan
N1 - Publisher Copyright:
© 2021 Elsevier Ltd
PY - 2022/2
Y1 - 2022/2
N2 - We analyze optimal production and order decisions for standard and customized products in a manufacturer-retailer system, whereby the retailer is offered two order opportunities by the manufacturer. Standard products are produced in make-to-stock fashion, whereas customized products are produced using a postponement strategy. In the decentralized system, the retailer's first order decision is independent of the parameters of customized products. Notably, it is not always profitable for the manufacturer to produce standard products or customized products. We derive the conditions in which the manufacturer is willing to produce both kinds of products or only one kind of product. A cost-sharing contract is designed to coordinate the manufacturer's and retailer's decisions in the supply chain with both standard and customized products. The results show that, with coordination, the contract can render both the manufacturer and retailer to obtain better profits.
AB - We analyze optimal production and order decisions for standard and customized products in a manufacturer-retailer system, whereby the retailer is offered two order opportunities by the manufacturer. Standard products are produced in make-to-stock fashion, whereas customized products are produced using a postponement strategy. In the decentralized system, the retailer's first order decision is independent of the parameters of customized products. Notably, it is not always profitable for the manufacturer to produce standard products or customized products. We derive the conditions in which the manufacturer is willing to produce both kinds of products or only one kind of product. A cost-sharing contract is designed to coordinate the manufacturer's and retailer's decisions in the supply chain with both standard and customized products. The results show that, with coordination, the contract can render both the manufacturer and retailer to obtain better profits.
KW - Postponement
KW - Standard and customized products
KW - Supply chain coordination
KW - Supply chain management
UR - http://www.scopus.com/inward/record.url?scp=85121438323&partnerID=8YFLogxK
U2 - 10.1016/j.cie.2021.107860
DO - 10.1016/j.cie.2021.107860
M3 - 文章
AN - SCOPUS:85121438323
SN - 0360-8352
VL - 164
JO - Computers and Industrial Engineering
JF - Computers and Industrial Engineering
M1 - 107860
ER -