Can anticipatory supply chain decision making manage the pandemic's effect? A regime switching game
Ifac Papersonline
; 55(10):1307-1312, 2022.
Article
in English
| Web of Science | ID: covidwho-2131058
ABSTRACT
The COVID-19 pandemic has shown that stock outs of essential items like hand sanitizers, tissue papers and other items of hygiene and daily use have been characteristic of a supply chain, especially immediately following a pandemic wave. Consequently, retailers have to indulge in substantial supplier management efforts to ensure product availability during a pandemic wave. Using a piecewise deterministic differential game, we model a scenario where, while anticipating a pandemic wave, a supplier decides on product availability efforts to ensure product availability under the impending threat of stock outs. A market leader coordinating retailer, on the other hand, decides on the proportion of the costs of the efforts to be shared with the supplier. Copyright (C) 2022 The Authors.
Full text:
Available
Collection:
Databases of international organizations
Database:
Web of Science
Type of study:
Experimental Studies
Language:
English
Journal:
Ifac Papersonline
Year:
2022
Document Type:
Article
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