Relational Supply Contracts is popular PDF and ePub book, written by Michaela Isabel Höhn in 2009-10-03, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Relational Supply Contracts can be Read Online from any device for your convenience.
Relational Supply Contracts Book PDF Summary
Supply relations are often governed by so-called relational contracts. These are informal agreements sustained by the value of future cooperation. Although relational contracts persist in practice, research on these types of contract is only emerging in Operations and Supply Chain Management. This book studies a two-firm supply chain, where repeated transactions via well-established supply contracts and continued quality-improvement efforts are governed by a relational contract. We are able to characterize an optimal relational contract, i.e., to develop policies for supplier and buyer that structure investments in quality and flexibility in a way that no other self-enforcing contract generates higher expected joint surplus. A second goal is to compare the performance of different returns mechanisms in the context of relational contracting (quantity flexibility and buy-back contracts). Industry studies motivate the presented model.
Detail Book of Relational Supply Contracts PDF
- Author : Michaela Isabel Höhn
- Release : 03 October 2009
- Publisher : Springer Science & Business Media
- ISBN : 9783642027918
- Genre : Business & Economics
- Total Page : 134 pages
- Language : English
- PDF File Size : 12,5 Mb
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