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学术前沿讲座——Strategic Inventories under Supply Chain Competition

发布时间:2019-12-25访问量:209

报告题目

Strategic Inventories under Supply Chain Competition

报告人(单位)

李彦志教授(香港城市大学)

点评人(单位)

李四杰

点评人(单位)

薛巍立

时间地点

12月31日上午10点,经管楼B201

报告内容摘要

  

  

报告内容:

We consider the effects of strategic inventory in the presence of chain-to-chain competition in a two-period model. Established findings suggest that strategic inventory may alleviate double marginalization and improve the efficiency of a decentralized distribution channel. However, none consider the role of strategic inventory under chain-to-chain competition. We build a two-period model consisting of two competing supply chains, each with a down- stream retailer and an exclusive manufacturer. We characterize the firms’ strategies under the concept of Perfect Bayesian Equilibrium. We show that as the competition between two supply chains becomes fiercer, retailers will carry more inventory, which intensifies the supply chain competition. Consequently, this competition intensification effect can overshadow the effect of double marginalization alleviation. We document the possibility that under supply chain competition, manufacturers can strictly prefer the elimination of inventories to strategic inventories. Nevertheless, the prisoner’s dilemma can arise if the competition intensity is intermediate. Despite its appeal among firms of a single supply chain, the role of strategic inventory is altered or even reversed by chain-to-chain competition. Conventional wisdom on strategic inventory should be applied with caution. 

报告人简介:

Yanzhi Li (David) is Professor of Management Sciences and Marketing at College of Business, City        University of Hong Kong. He received his bachelor’s degree in Computer Science from Tsinghua            University and PhD in Industrial Engineering and Engineering Management from Hong Kong University of Science and Technology. His research interests include (1) interface research between Operations and Marketing, such as assortment planning, channel management, and advertising; and 2) Analytics for        marketing, logistics and supply chain. His papers have appeared in journals such as Marketing Science,   M&SOM, POM, EJOR, IEEE Trans, NRL and IIE. Yanzhi has provided consulting services to firms in   Hong Kong and mainland China, and is currently working on data-driven projects spanning marketing,      logistics, retailing, and health care operations.



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