利用保险合同协调供应链.pdf

European Journal of Operational Research 205 (2010) 339–345 Contents lists available at ScienceDirect European Journal of Operational Research journal homepage: www.else /locate/ejor Production, Manufacturing and Logistics Supply chain coordination with insurance contract Zhibing Lin a,b,*, Chen Cai b, Baoguang Xu b a School of Management, Fuzhou University, Fuzhou, Fujian 350108, China b Institute of Policy and Management, Chinese Academy of Sciences, Beijing 100190, China a r t i c l e i n f o a b s t r a c t Article history: We propose an insurance contract under which the supplier shares the risk of overstock and understock Received 2 December 2007 with the retailer, improving the efficiency of the supply chain with a newsvendor-type product. We first Accepted 8 January 2010 show that the insurance contract could coordinate the supply chain, and obtain bargaining solution in the Available online 13 January 2010 supply chain model. Then we investigate the effects of agents’ risk aversion on the supply chain model and acquire the Pareto-optimal solution through the mean–variance approach. After that, we compare Keywords: the insurance contract with the revenue sharing contract, focusing particularly on their differences. Supply chain management Finally, extensive numerical studies are conducted, and managerial implications are proposed. Game theory