SHERP

Benefit of Supply Chain Coordination

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Authors
Nam, Ickhyun
Issue Date
2003
Publisher
College of Business Administration (경영대학)
Citation
Seoul Journal of Business Volume 9(1):47~66(2003)
Keywords
inventory control; logistics; distribution; lot sizing; lead time
Abstract
In this paper, we deal with a supply chain in which an assembler
orders parts from a supplier. The assembler decides both order size and
lead time for the supplier. In response, the supplier will determine its
production capacity to fulfill the order from the assembler. Compared
with the case where the assembler and the supplier maximize their own
individual profits, the supply chain coordination offers a Pareto efficient
solution and can give more profit to both parties. The implication of this
paper is that the order requested from an assembler to a parts supplier
such as in JIT delivery may damage the overall profit in the chain.
Therefore, the parties involved had better cooperate with each other
rather than emphasizing their own sakes and eventually leading to
lower profits.
ISSN
1226-9816
Language
English
URI
http://hdl.handle.net/10371/1781
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College of Business Administration/Business School (경영대학/대학원)Dept. of Business Administration (경영학과)Seoul Journal of BusinessSeoul Journal of Business Volume 09, Number 1 (2003)
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