Lecture Notes in Economics and Mathematical Systems
              Volume              6502011
Supply Chain Coordination in Case of Asymmetric InformationInformation Sharing and Contracting in a Just-in-Time environment.Authors:

• Guido Voigt
• …show all 1hide
  

ISBN: 978-3-642-20131-8 (Print) 978-3-642-20132-5  (Online)

Information Sharing and Contracting in a Just-in-Time environment.

Series: Lecture Notes in Economics and Mathematical Systems, Vol. 650

Vogt, Guido

2011, XXVII, 181 p. 58 illus.

About this book

• Managerial insights on the impact of information sharing and contract complexity
•                                         The interaction between trust, trustworthiness and information sharing strategies
•                                         Setup cost reduction in case of asymmetric information in a Just-in-Time environment on the supply chain performance
  

Information sharing is frequently promoted as a mean to improve the supply chain performance. This work shows the results of behavioral experiments, in which the participants share private information in order to influence the contract terms in a Just-in-Time environment. It is shown that the impact of information sharing is ambiguous, and dependent on several factors, such as contract flexibility and complexity or the interacting behavioral types. The experimental results form the basis for a behavioral principal-agent model that gives valuable insights on how the interaction of trust, trustworthiness and the information sharing strategy impacts the supply chain performance.

Table of contents Introduction.- Supply chain coordination in case of asymmetric information.- On the impact of fixed cost reduction in the strategic lotsizing framework.- The impact of information sharing on the effectiveness of screening contracts: A first laboratory experiment.- The impact of contract complexity, supply chain configuration, and out-of-equilibrium behavior on the effectiveness of information sharing: A second laboratory experiment.- A behavioral model on the effects of information sharing on supply chain performance.- Conclusion and outlook.