scholarly journals Evolutionary Game Dynamics for Financial Risk Decision-Making in Global Supply Chain

Complexity ◽  
2018 ◽  
Vol 2018 ◽  
pp. 1-10 ◽  
Author(s):  
Zhi Li ◽  
Guanghao Jin ◽  
Shen Duan
Keyword(s):  
Supply Chain ◽  
Risk Sharing ◽  
Financial Risk ◽  
Evolutionarily Stable Strategy ◽  
Evolutionary Game ◽  
Global Supply Chain ◽  
Risk Environment ◽  
Theory Analysis ◽  
Supply Chain System ◽  
Cooperation Strategy

This paper focuses on the game evolution process and its influencing factors of financial risk cooperation behavior between suppliers and manufacturers in global supply chain system. Using two-population evolutionary game theory, the performance of supply chain members under financial risk environment is modeled. Further, the proposed financial risk game model is applied to simulation cases of global supply chain. Based on the theory analysis and simulation results, it is shown that the cooperation strategy is the optimal evolutionarily stable strategy (ESS) for all supply chain members, when facing the high financial risk. The financial risk-sharing coefficient can be regarded as an adjuster that affects risk ESS of both suppliers and manufacturers under the low financial risk setting. By reducing the financial risk-sharing ratio of one supply chain player, his intention of adopting cooperation strategy would be enhanced. Finally, it is observed that financial risk sharing approach may lead to the alignment among supply chain members. Therefore, setting up an effective financial risk-sharing mechanism is beneficial to realize sustainable development of global supply chain.

Design for Sustainment

2012 ◽  
pp. 454-474
Author(s):  
Benedict M. Uzochukwu ◽  
Silvanus J. Udoka
Keyword(s):  
Supply Chain ◽  
Cost Effective ◽  
Global Supply Chain ◽  
Supply Chain System ◽  
System Utilization ◽  
Key Players ◽  
Operational Issues ◽  
Development State ◽  
Theoretical Issues ◽  
Tremendous Impact

The purpose of this chapter is to chronicle and analyze existing challenges and theoretical issues in the domain of product, system, and the emerging area of global supply chain sustainment. These challenges encompass the provision of reliable, efficient, cost-effective, and quality services by key players and major stakeholders in product and global supply chain. The authors argue that sustainment concept serves as a vehicle for elevating the rate of product and system utilization. This will have a tremendous impact at reducing the burden of product or system’s operational issues thereby allowing for the leveraging of the enormous potentials of sustainment. Both contemporary as well as classical journal papers and publications are included in this study to trace and describe the development, state of sustainment perspectives, available tools, and methodologies in product and global supply chain system sustainment.

Operation Management of Port Logistics in the Global Supply Chain

2013 ◽  
Vol 706-708 ◽  
pp. 2087-2090
Author(s):  
Chien Chang Chou ◽  
Ji Feng Ding ◽  
Tzu Min Chang ◽  
Chun Pong Wong ◽  
Wen Cheng Lin ◽  
...  
Keyword(s):  
Supply Chain ◽  
Global Supply Chain ◽  
Maritime Transportation ◽  
Operation Management ◽  
Analysis Method ◽  
Supply Chain System ◽  
Chain System ◽  
Threat Analysis ◽  
Port Logistics ◽  
Container Ports

The global supply chain system includes sea, air, and inland transportations. The port logistics plays an important role in the maritime transportation. The aim of this study is to analyze the operation management of the world’s top 20 container ports by using SWOT (Strength, Weakness, Opportunity, and Threat) analysis method. Finally, some conclusions and suggestions are given to the international manufacturers, port managers, and departments of governmental maritime.

scholarly journals Research on Cooperation Strategy of Enterprises’ Quality and Safety in Food Supply Chain

2015 ◽  
Vol 2015 ◽  
pp. 1-15 ◽  
Author(s):  
Jining Wang ◽  
Tingqiang Chen ◽  
Junyong Wang
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Food Safety ◽  
Social Welfare ◽  
Food Supply ◽  
Evolutionary Game ◽  
Quality And Safety ◽  
Food Supply Chain ◽  
The Social ◽  
Cooperation Strategy

In order to prevent and control risk factors which harm the quality and safety of the food supply chain effectively and reduce the probability of food safety incidents, this paper investigated on some problems of the upstream and downstream enterprises of the food supply chain under the three different forms of cooperation based on the neoclassic economics and game theory method. These problems include the effectiveness of the quality and safety efforts, the profits, the effect of the losses that the food safety incidents caused on the quality efforts’ efficacy, and the social welfare comparison. Meanwhile, we constructed evolutionary game model to analyze the macro and micro factors that influenced the cooperation strategy and demonstrated the effect of diversity of decision-making parameters on evolution results based on numerical simulation. By the theoretical and simulation analysis, we found that (1) the quality efforts’ efficacy, the profits, the sensitivity coefficient of the quality efforts efficiency to the losses, and the social welfare without thinking about the externality all met their maximum under the full cooperation situation; (2) strengthening supervision over the source of the food supply chain can reduce the probability of food safety incidents; (3) macro and micro environment will be the important basis for companies’ decision-making on cooperation strategy in the food supply chain.

scholarly journals Risks and Strategies in Constructing Global Supply Chain for Fresh Food E-commerce

2021 ◽  
Vol 8 (8) ◽  
pp. 30-34
Author(s):  
Jingxue Zhang ◽  
Keyword(s):  
Supply Chain ◽  
Technological Progress ◽  
Global Supply Chain ◽  
Global Trade ◽  
Supply Chain System ◽  
Chain System ◽  
Cross Border ◽  
Fresh Food

With the expansion of global trade and technological progress, China’s cross-border E-commerce trade has extended a new subdivision industry–Fresh Food E-commerce. Since its birth, China’s fresh food E-commerce enterprises have developed rapidly and gradually built a diversified global supply chain system, but they are also faced with dangerous risks. This paper introduces the external risks of politics, economy and society and the internal risks represented by supplier risks, logistics risks and operation risks encountered by enterprises in the construction of global supply chain, discusses the sources of the risks, and puts forward corresponding strategies on this basis.

The H∞ Robust Control of Global Supply Chain System Based on Demand and Time Uncertainty

2013 ◽  
Vol 442 ◽  
pp. 623-627
Author(s):  
Qi Zhang ◽  
Yi Hong Ru
Keyword(s):  
Supply Chain ◽  
Robust Control ◽  
Simulation Analysis ◽  
Uncertain System ◽  
Global Supply Chain ◽  
Supply Chain System ◽  
Chain System ◽  
Long Run ◽  
Set Up ◽  
Cooperation System

The H robust control problem of linear uncertain system is studied in this article. With international business has expanded largely in all areas of the world, some problems have also appeared in the global supply chain system. The causes of these problems are mostly from the demand and time uncertainties, so we set up a dynamic cooperation system model to reflect these uncertainties. In a further way, we propose the H robust control strategy and LMI algorithm to reduce the uncertainty influences. And using of SIMILINK tool to make simulation analysis of the system is shown at the end of this paper. Through the setback control of inventory state to restrain the disturbance of uncertain factors, we can achieve an ideal state of global supply chain system in the long run.

Cooperative Innovation Evolutionary Game Analysis of Industrialized Building Supply Chain

2018 ◽  
Vol 878 ◽  
pp. 213-218 ◽  
Author(s):  
Yan Yan Wang ◽  
Hong Ren ◽  
Fan Rong Ji
Keyword(s):  
Game Theory ◽  
Supply Chain ◽  
Evolutionary Game Theory ◽  
Risk Sharing ◽  
Evolutionary Game ◽  
Spillover Effect ◽  
Industrial Building ◽  
Construction Methods ◽  
Innovation Cost ◽  
Cooperative Innovation

Great changes have taken place in construction methods of industrial building relative to traditional construction. The cooperation between construction contractors, prefabricated parts suppliers and other materials and equipment suppliers in the supply chain of the industrial building can not be ignored. The evolutionary game theory can be used to explain the dynamic trend of the relationship until it is stable. The evolutionary game theory is applied to study the process and method of cooperative innovation between construction contractor and many subcontractors. Based on evolutionary game theory, the paper discusses the process and method of cooperative innovation between the construction contractors and numerous subcontractors. It focuses on the analysis of the influence of cooperative profit distribution, spillover effect, innovation subsidies and cooperation risk sharing for evolutionary stable strategy. The evolutionary game model of cooperation parties is constructed. The key indexes such as profit, risk loss, distribution of excess income and innovation cost are considered comprehensively. The results show that with the increasing of the spillover effect, innovation cooperation, suppliers’ innovation income and excess returns of cooperation innovation, the system will tend to the stability of cooperation. And with the increasing of the contractor's subsidy coefficient, the innovation cost, cooperation innovation risk cost, the system will tend to uncooperative. There exists an optimal distribution coefficient of excess income, which can strengthen the cooperation willingness of both sides. This study provides a guidance for the cooperative innovation of the supply chain participating parties.

Design for Sustainment

2012 ◽  
pp. 236-257
Author(s):  
Benedict M. Uzochukwu ◽  
Silvanus J. Udoka
Keyword(s):  
Supply Chain ◽  
Cost Effective ◽  
Global Supply Chain ◽  
Supply Chain System ◽  
System Utilization ◽  
Key Players ◽  
Operational Issues ◽  
Development State ◽  
Theoretical Issues ◽  
Tremendous Impact

The purpose of this chapter is to chronicle and analyze existing challenges and theoretical issues in the domain of product, system, and the emerging area of global supply chain sustainment. These challenges encompass the provision of reliable, efficient, cost-effective, and quality services by key players and major stakeholders in product and global supply chain. The authors argue that sustainment concept serves as a vehicle for elevating the rate of product and system utilization. This will have a tremendous impact at reducing the burden of product or system’s operational issues thereby allowing for the leveraging of the enormous potentials of sustainment. Both contemporary as well as classical journal papers and publications are included in this study to trace and describe the development, state of sustainment perspectives, available tools, and methodologies in product and global supply chain system sustainment.

scholarly journals Research on the Decision-Making Mechanism of Live Commerce Supply Chain Based on Three-Party Evolutionary Game

2021 ◽  
Author(s):  
Jixiao Wu ◽  
Yinghui Wang
Keyword(s):  
Decision Making ◽  
Social Media ◽  
Supply Chain ◽  
Simulation Model ◽  
Evolutionary Game ◽  
Equilibrium Strategy ◽  
Game Model ◽  
Supply Chain System ◽  
Chain System ◽  
Sales Model

With the diversified development of media forms, livestreaming e-commerce has become a new sales model. Unlike the traditional sales model, this paper constructs a three-party game model composed of manufacturers, social media influencers and consumers based on the livestreaming model. It explores the equilibrium strategy selections of each participant in the supply chain system. In analyzing the evolutionary game stability of each participant, this paper obtains the equilibrium strategy and stability factors by analysis of the income and expenditure matrix. It uses the simulation model to analyze reasons for strategy selections of different game participants in the livestreaming e-commerce model. The results show that the strategies of manufacturers, social media influencers and consumers' selections have different impacts on their decision-making mechanism, and man-ufacturers are more sensitive to consumers' active participation in livestreaming e-commerce.

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