报告内容：There has been extensive research on the strategic choice between supply chain centralization and decentralization. However, most research assumes complete centralization or complete decentralization but omits the commonly adopted supply chain structure of partial centralization. With partial centralization, a firm owns a portion but not all, of its partner. To help fill this research gap, in this paper, we make a major contribution by explicitly analyzing partial centralization in a supply chain where a durable-goods manufacturer owns a portion of its downstream retailer. We start with a two-period model and derive analytical equilibrium outcomes of the supply chain and its firms under complete centralization, complete decentralization, and partial centralization. First, our analysis reveals that partial centralization with an appropriate ownership share can moderate the retail quantities in each period and alleviate the time-inconsistency problem in the sales of durable goods. As a result, partial centralization can become the equilibrium structure for a durable-good supply chain. Second, the manufacturer’s optimal ownership share in the retailer decreases in the product durability and decision horizon length, implying that complete decentralization is more likely to be the supply chain structure in equilibrium for higher product durability and longer decision horizon. Third, our extended analyses demonstrate the robustness of the above main qualitative results with backward partial centralization. As supply chain competition intensifies, partial centralization can still be preferred but only with a lower ownership threshold. Finally, partial centralization outperforms conventional supply chain coordination strategies, such as two-part tariffs and transfer pricing which achieve complete centralization but do not fully solve the time-inconsistency problem. 报告人简介：
Dr. Victor Shi holds a Ph.D. in Operations Management from Washington State University, a Master of Engineering from the National University of University, and double Bachelor degrees in Engineering and Business Administration from the University of Science and Technology of China. He is currently a tenured Full Professor and a Ph.D. student supervisor in the Lazaridis School of Business and Economics at the Wilfrid Laurier University. During 2012-2013 he was the Director for Supply Chain Management. He has won multiple teaching awards from Washington State University and Wilfrid Laurier University. In 2017-2018, he has served as the Chair of the Management Science Division, Administrative Sciences Association of Canada. He has also served as special issue editors of several top journals. Dr. Shi’s main research and teaching interests have been in the areas of Management Science, Operations Management, Supply Chain Management and Data Analytics. His research papers have been published or are in press by journals such as IEEE Transactions on Engineering Management, European Journal of Operational Research, International Journal of Production Economics, Journal of Operational Research Society, International Journal of Management Science and IEEE Transactions on Systems, Man, and Cybernetics. His research has been supported by Natural Sciences and Engineering Research Council of Canada (NSERC) and Chartered Accountants of Canada. Two of his research papers won the Honorable Mention Award from Administrative Sciences Association of Canada. He has supervised multiple postdoctoral fellows, Ph.D. students, Master students, and visiting professors. |
