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Can anticipatory supply chain decision making manage the pandemic's effect? A regime switching game
The COVID-19 pandemic has shown that stock outs of essential items like hand sanitizers, tissue papers and other items of hygiene and daily use have been characteristic of a supply chain, especially immediately following a pandemic wave. Consequently, retailers have to indulge in substantial supplie...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
, IFAC (International Federation of Automatic Control) Hosting by Elsevier Ltd.
2022
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9605709/ http://dx.doi.org/10.1016/j.ifacol.2022.09.571 |
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author | Mukherjee, Arka Ganguly, Anirban Kumar, Chitresh Chowdhury, Priyabrata |
author_facet | Mukherjee, Arka Ganguly, Anirban Kumar, Chitresh Chowdhury, Priyabrata |
author_sort | Mukherjee, Arka |
collection | PubMed |
description | The COVID-19 pandemic has shown that stock outs of essential items like hand sanitizers, tissue papers and other items of hygiene and daily use have been characteristic of a supply chain, especially immediately following a pandemic wave. Consequently, retailers have to indulge in substantial supplier management efforts to ensure product availability during a pandemic wave. Using a piecewise deterministic differential game, we model a scenario where, while anticipating a pandemic wave, a supplier decides on product availability efforts to ensure product availability under the impending threat of stock outs. A market leader coordinating retailer, on the other hand, decides on the proportion of the costs of the efforts to be shared with the supplier. |
format | Online Article Text |
id | pubmed-9605709 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | , IFAC (International Federation of Automatic Control) Hosting by Elsevier Ltd. |
record_format | MEDLINE/PubMed |
spelling | pubmed-96057092022-10-27 Can anticipatory supply chain decision making manage the pandemic's effect? A regime switching game Mukherjee, Arka Ganguly, Anirban Kumar, Chitresh Chowdhury, Priyabrata IFAC-PapersOnLine Article The COVID-19 pandemic has shown that stock outs of essential items like hand sanitizers, tissue papers and other items of hygiene and daily use have been characteristic of a supply chain, especially immediately following a pandemic wave. Consequently, retailers have to indulge in substantial supplier management efforts to ensure product availability during a pandemic wave. Using a piecewise deterministic differential game, we model a scenario where, while anticipating a pandemic wave, a supplier decides on product availability efforts to ensure product availability under the impending threat of stock outs. A market leader coordinating retailer, on the other hand, decides on the proportion of the costs of the efforts to be shared with the supplier. , IFAC (International Federation of Automatic Control) Hosting by Elsevier Ltd. 2022 2022-10-26 /pmc/articles/PMC9605709/ http://dx.doi.org/10.1016/j.ifacol.2022.09.571 Text en © 2019, IFAC (International Federation of Automatic Control) Hosting by Elsevier Ltd. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active. |
spellingShingle | Article Mukherjee, Arka Ganguly, Anirban Kumar, Chitresh Chowdhury, Priyabrata Can anticipatory supply chain decision making manage the pandemic's effect? A regime switching game |
title | Can anticipatory supply chain decision making manage the pandemic's effect? A regime switching game |
title_full | Can anticipatory supply chain decision making manage the pandemic's effect? A regime switching game |
title_fullStr | Can anticipatory supply chain decision making manage the pandemic's effect? A regime switching game |
title_full_unstemmed | Can anticipatory supply chain decision making manage the pandemic's effect? A regime switching game |
title_short | Can anticipatory supply chain decision making manage the pandemic's effect? A regime switching game |
title_sort | can anticipatory supply chain decision making manage the pandemic's effect? a regime switching game |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9605709/ http://dx.doi.org/10.1016/j.ifacol.2022.09.571 |
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