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Two Stage Procurement Processes With Competitive Suppliers and Uncertain Supplier Quality

Yue Jin, Jennifer K. Ryan, Walter Yund
2014 IEEE transactions on engineering management  
We model this two-stage sourcing process with the goal of obtaining insights into manufacturer's optimal decisions.  ...  We are particularly interested in understanding how the manufacturer can design the process to 1) ensure the firm only sources from qualified suppliers and 2) encourage competition among the suppliers  ...  Two Stage Procurement Processes With Competitive Suppliers and Uncertain Supplier Quality In this paper, we consider the sourcing problem faced by a manufacturer who has made the decision to outsource  ... 
doi:10.1109/tem.2013.2266276 fatcat:7orplvbj4bfbhpmvwjkooeajum

Theories of Liquidity

Dimitri Vayanos
2011 Foundations and Trends in Finance  
Our model also does not cover interactions, except between imperfect competition and asymmetric information.  ...  Imperfect competition: In the perfect-market benchmark, agents are competitive and have no effect on prices.  ... 
doi:10.1561/0500000014 fatcat:4nmi2sd4b5a33dzkvsptityaiy

Information sharing and leakage in the two-echelon supply chain

Jingru Wang, Zhiyuan Zhen, Qiang Yan
2019 Reserche operationelle  
We confirm that the incumbent's information acquisition and sharing decisions depend on whether the information acquisition is observable.  ...  We consider ex post demand information sharing and leakage in a two-echelon supply chain consisting of one supplier and two retailers competing in quantities.  ...  In our model, the incumbent retailer's information acquisition is a decision variable and the acquired information is imperfect.  ... 
doi:10.1051/ro/2019066 fatcat:piwdrc46nnc5hmke24uqlgp6de

Liquidity and Asset Prices: A Unified Framework

Dimitri Vayanos, Jiang Wang
2009 Social Science Research Network  
We examine how liquidity and asset prices are affected by the following market imperfections: asymmetric information, participation costs, transaction costs, leverage constraints, non-competitive behavior  ...  and search.  ...  informed traders trade with competitive risk-neutral market makers and noise traders.  ... 
doi:10.2139/ssrn.1440172 fatcat:hppav5lowrcffpkmk6flywdtq4

Retail competition in electricity markets

Christophe Defeuilley
2009 Energy Policy  
between active and inactive clients ; not a large and rapid diffusion of radical innovations in commercialisation, with the potential for undermining the incumbents' positions.  ...  Neither consumers' decision processes nor this sector's technical paradigm were adequately accounted for, leading to an uncorrect estimation of the expected impact of opening to competition.  ...  Decisions can be made on the basis of truncated or misinterpreted information and on the basis of a selective memory (imperfections in remembering facts).  ... 
doi:10.1016/j.enpol.2008.07.025 fatcat:pyjepgmkejhefn3zbraw5yehqm

The Economic Foundations of Supply Chain Contracting

Harish Krishnan, Ralph A. Winter
2012 Foundations and Trends® in Technology Information and Operations Management  
Section 7 adds imperfect competition downstream.  ...  The price system fails, and the coordination problem arises, whenever some markets are missing. 3 One source of missing markets is asymmetric information.  ... 
doi:10.1561/0200000029 fatcat:up6qw44mcnb33hs3r4tgahhjmu

An Optimal Two-level Supply Chain Model for Small and Medium-sized Enterprises with a rework for New Products and Price-Dependent Demand

Zahra Jafari pour, Seyed Mojtaba Sajadi, Seyyed Mohamad Hajimolana
2020 Scientia Iranica. International Journal of Science and Technology  
Today, the advent of new technologies, globalization of markets, customers' varied needs, and increasingly fierce competition, are making SMEs seek to improve engagement with their suppliers, and cost  ...  In this study, we investigate a two-level inventory model featuring a manufacturer and a buyer in the competitive market with the policy of producing new products.  ...  Introduction 1 Cutting global competition forces manufacturing organizations to develop their internal manners 2 and improve collaborative networks with their suppliers and clients to produce mutual 3  ... 
doi:10.24200/sci.2020.53436.3236 fatcat:brb3y7ocrncbbbxciw6apbrxbu

Interoperability costs in the US automotive supply chain

Smita B. Brunnermeier, Sheila A. Martin
2002 Supply chain management  
Concurrent design and engineering in the supply chain are vital to the growing competitiveness of the US automotive industry.  ...  This paper estimates that imperfect interoperability costs the US automotive industry about $1 billion per year and delays the introduction of new models by at least two months.  ...  The cost component approach builds a cost estimate from information provided by industry and other sources.  ... 
doi:10.1108/13598540210425821 fatcat:wwm6eoqa6bcqtgxip7mv3777dy

Bargaining power and market definition: A reflection on two mergers

Simon Roberts, Catherine Corbett, Reena Das Nair
2011 Journal of Economic and Financial Sciences  
sellers, cost structures, and information asymmetries.  ...  To do this we critically compare the approach adopted by the Competition Tribunal in evaluating two mergers: Sasol/Engen and Chlor-Alkali Holdings/Botash.  ...  relative bargaining power with concentrated suppliers and buyers.  ... 
doi:10.4102/jef.v4i4.371 fatcat:6hiprqnsgbax7ke7lpcek3ldi4

How to negotiate with dominant suppliers? A game-theory perspective from the industry

Miguel Mediavilla, Kepa Mendibil, Olga Rivera
2019 Revista CEPADE  
Imperfect information: if the players have the full information about each others' moves (perfect information) or not (imperfect information).  ...  source of complex and difficult decision making challenges (Huang and Keskar 2007; Yigin et al. 2007 ).  ... 
doi:10.37610/dyo.v0i67.542 fatcat:omuw5yopjbbude5foxiu5oojwq

The role ofguanxiin buyer–supplier relationships in Chinese small- and medium-sized enterprises – a resource-based perspective

Wladimir Wiegel, David Bamford
2014 Production planning & control (Print)  
The resource-based view provided a systematic approach for analysing the role of guanxi in terms of its potential to be a source of sustained competitive advantage.  ...  This paper examines the role of guanxi (personal relationships or connections) in buyer-supplier relationships in Chinese small-and medium-sized enterprises (SMEs), through exploratory research that gained  ...  Guanxi connections were also confirmed to be useful in gaining important information about suppliers as they serve as an important and reliable source of information (Luo 1997a; Millington, Eberhardt,  ... 
doi:10.1080/09537287.2014.899405 fatcat:3mfsipgcujhxfirijnn3fwucca

A tale of two outsourcing contracts

Benoit A. Aubert, Michel Patry, Suzanne Rivard
2003 Wirtschaftsinformatik  
Manifestations of opportunism are numerous and can threaten the success of a contractual arrangement. Agency theory gen-  ...  Reputation and signalling were used, as well as continuous threat of competition between the suppliers. Imperfect commitment Lack of credible commitment from the supplier.  ...  Imperfect commitment Imperfect commitment is the limited capacity of both clients and suppliers to commit themselves.  ... 
doi:10.1007/bf03250897 fatcat:zph6xh6xebc7bavx5ofievbxby

Business Models Nature and Benefits

Ramon Casadesus-Masanell, John Heilbron
2015 Social Science Research Network  
This paper considers the nature of the business model and its strategic relevance to negotiations.  ...  We conclude with an exploration of some ways in which firms' business models may impact their negotiation outcomes.  ...  Acknowledgements We thank Charles Baden-Fuller and Vincent Mangematin for the invitation to contribute to this Special Issue and for their feedback on our early drafts.  ... 
doi:10.2139/ssrn.2606692 fatcat:gxcimwjp4zb4vl7i2evtb52ni4

Partnering with Resellers in Business Markets

John A. Weber
2001 Industrial Marketing Management  
Practitioners and academicians alike have developed useful frameworks and prescriptive solutions for enhancing relationships between suppliers and customers.  ...  This lead article sets the stage by identifying prospective foundations for supplier-reseller relationships, by tracing the evolution of supplier-reseller partnerships to date, and by introducing an emerging  ...  Imperfect Substitutability Imperfect substitutability refers to situations such as when a partnership itself is the source of the resource advantage.  ... 
doi:10.1016/s0019-8501(00)00134-6 fatcat:mgn6pn2w75f5llmyjjw7kioemu

Second Sourcing vs. Sole Sourcing with Capacity Investment and Asymmetric Information

Cuihong Li, Laurens G. Debo
2009 Manufacturing & Service Operations Management  
With future private cost information, the incumbent earns rent in the future, and this prospective rent influences the incumbent's decision early in the horizon.  ...  For intermediate capacity cost, the cost of future supplier competition dominates the option value and hence, sole sourcing is preferred.  ...  on both the presentation and contents.  ... 
doi:10.1287/msom.1080.0232 fatcat:kn6cg5bl3vh2fla6reqpqlz3vy
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