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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...

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Detalles Bibliográficos
Autores principales: Mukherjee, Arka, Ganguly, Anirban, Kumar, Chitresh, Chowdhury, Priyabrata
Formato: Online Artículo Texto
Lenguaje:English
Publicado: , IFAC (International Federation of Automatic Control) Hosting by Elsevier Ltd. 2022
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.
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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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