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Coordination of a fresh agricultural product supply chain with option contract under cost and loss disruptions
This paper analyzes the option coordination problem of a fresh agricultural product supply chain under two supply chain structures, when the production cost and the loss rate are disrupted simultaneously. This paper provides the explicit option coordination conditions for the disrupted supply chain...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Public Library of Science
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8189505/ https://www.ncbi.nlm.nih.gov/pubmed/34106997 http://dx.doi.org/10.1371/journal.pone.0252960 |
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author | Wan, Nana Li, Li Wu, Xiaozhi Fan, Jianchang |
author_facet | Wan, Nana Li, Li Wu, Xiaozhi Fan, Jianchang |
author_sort | Wan, Nana |
collection | PubMed |
description | This paper analyzes the option coordination problem of a fresh agricultural product supply chain under two supply chain structures, when the production cost and the loss rate are disrupted simultaneously. This paper provides the explicit option coordination conditions for the disrupted supply chain under two supply chain structures, and then explores the effects of the disruptions and supply chain structure on the option coordination conditions. The results suggest that it is unfavorable to apply the original coordinating contracts without disruptions to coordinate the disrupted supply chain. The coordination of the disrupted supply chain can be achieved with knowledge of the distribution of demand. In two coordinating contracts for the disrupted supply chain, the exercise price is still at the original level without disruptions while the option price deviates from the original level without disruptions. Moreover, the relationships of the coordination conditions in two supply chain structures depend on the value of the profit allocation coefficient. When the profit allocation coefficient exceeds (falls behind) a certain threshold, the option price is set at a higher (lower) value in the supplier-led supply chain structure than in the distributor-led supply chain structure, while the exercise price is set at a lower (higher) value in the supplier-led supply chain structure than in the distributor-led supply chain structure. Finally, the disrupted supply chain with any supply chain structure will perform better in the modified coordinating contracts than in the original coordinating contracts without disruptions. |
format | Online Article Text |
id | pubmed-8189505 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | Public Library of Science |
record_format | MEDLINE/PubMed |
spelling | pubmed-81895052021-06-10 Coordination of a fresh agricultural product supply chain with option contract under cost and loss disruptions Wan, Nana Li, Li Wu, Xiaozhi Fan, Jianchang PLoS One Research Article This paper analyzes the option coordination problem of a fresh agricultural product supply chain under two supply chain structures, when the production cost and the loss rate are disrupted simultaneously. This paper provides the explicit option coordination conditions for the disrupted supply chain under two supply chain structures, and then explores the effects of the disruptions and supply chain structure on the option coordination conditions. The results suggest that it is unfavorable to apply the original coordinating contracts without disruptions to coordinate the disrupted supply chain. The coordination of the disrupted supply chain can be achieved with knowledge of the distribution of demand. In two coordinating contracts for the disrupted supply chain, the exercise price is still at the original level without disruptions while the option price deviates from the original level without disruptions. Moreover, the relationships of the coordination conditions in two supply chain structures depend on the value of the profit allocation coefficient. When the profit allocation coefficient exceeds (falls behind) a certain threshold, the option price is set at a higher (lower) value in the supplier-led supply chain structure than in the distributor-led supply chain structure, while the exercise price is set at a lower (higher) value in the supplier-led supply chain structure than in the distributor-led supply chain structure. Finally, the disrupted supply chain with any supply chain structure will perform better in the modified coordinating contracts than in the original coordinating contracts without disruptions. Public Library of Science 2021-06-09 /pmc/articles/PMC8189505/ /pubmed/34106997 http://dx.doi.org/10.1371/journal.pone.0252960 Text en © 2021 Wan et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. |
spellingShingle | Research Article Wan, Nana Li, Li Wu, Xiaozhi Fan, Jianchang Coordination of a fresh agricultural product supply chain with option contract under cost and loss disruptions |
title | Coordination of a fresh agricultural product supply chain with option contract under cost and loss disruptions |
title_full | Coordination of a fresh agricultural product supply chain with option contract under cost and loss disruptions |
title_fullStr | Coordination of a fresh agricultural product supply chain with option contract under cost and loss disruptions |
title_full_unstemmed | Coordination of a fresh agricultural product supply chain with option contract under cost and loss disruptions |
title_short | Coordination of a fresh agricultural product supply chain with option contract under cost and loss disruptions |
title_sort | coordination of a fresh agricultural product supply chain with option contract under cost and loss disruptions |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8189505/ https://www.ncbi.nlm.nih.gov/pubmed/34106997 http://dx.doi.org/10.1371/journal.pone.0252960 |
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