Contract design and the control of quality in a conflictual environment

Article Abstract:

A new quality control approach which recognizes the conflicting interests of a supplier and a producer is developed within a game theory framework. The strategy characterizes both parties as players in a nonzero sum game where the supplier is responsible for delivering quality and the producer may inspect incoming materials. To obtain cooperation between both parties, the influence of the terms of the contract is measured relative to the Nash Equilibrium.

Research, Usage, Quality control, Contracts, Game theory

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Who should control inventory in a supply chain?

Article Abstract:

The accuracy of the new approaches that determine supply chain members' payoffs in carrying inventory responsibility from the downstream to the upstream is examined.

Management dynamics, Services information, Hong Kong, Inventory Control, Management, Services, Logistics, Business logistics, Company business management

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