Trade credit,as an effective tool for integrating and coordinating material,information,and financial flows in supply chain management,is becoming increasingly widespread.We explore how a manufacturer can design optim...Trade credit,as an effective tool for integrating and coordinating material,information,and financial flows in supply chain management,is becoming increasingly widespread.We explore how a manufacturer can design optimal trade credit contracts when a risk-averse retailer hides its sales cost information(adverse selection)and selling effort level(moral hazard).We develop incentive models for a risk-averse supply chain when adverse selection and moral hazard coexist,which are then compared with the results under single information asymmetry(moral hazard).Moreover,we analyze the effects of private information and risk-aversion coefficient on contract parameters,selling effort level and the profit or utility of the supply chain.The study shows that when the degree of retailer’s risk aversion is within a certain range,reasonable trade credit contracts designed by the manufacturer can effectively induce the retailer to report its real sales cost and encourage it to exert appropriate effort.Furthermore,we find that the optimal trade credit period,optimal transfer payment,and retailer’s optimal sales effort level under dual information asymmetry are less than those under single information asymmetry.Numerical analysis are conducted to demonstrate the effects of the parameters on decisions and profits.展开更多
An optimization model of underground mining method selection was established on the basis of the unascertained measurement theory.Considering the geologic conditions,technology,economy and safety production,ten main f...An optimization model of underground mining method selection was established on the basis of the unascertained measurement theory.Considering the geologic conditions,technology,economy and safety production,ten main factors influencing the selection of mining method were taken into account,and the comprehensive evaluation index system of mining method selection was constructed.The unascertained evaluation indices corresponding to the selected factors for the actual situation were solved both qualitatively and quantitatively.New measurement standards were constructed.Then,the unascertained measurement function of each evaluation index was established.The index weights of the factors were calculated by entropy theory,and credible degree recognition criteria were established according to the unascertained measurement theory.The results of mining method evaluation were obtained using the credible degree criteria,thus the best underground mining method was determined.Furthermore,this model was employed for the comprehensive evaluation and selection of the chosen standard mining methods in Xinli Gold Mine in Sanshandao of China.The results show that the relative superiority degrees of mining methods can be calculated using the unascertained measurement optimization model,so the optimal method can be easily determined.Meanwhile,the proposed method can take into account large amount of uncertain information in mining method selection,which can provide an effective way for selecting the optimal underground mining method.展开更多
基金supported by the Plan Project of Shanghai Philosophy and Social Science(2017BGL014)the National Natural Science Foundation of China(71832001)the Fundamental Research Funds for the Central Universities(2232020B-04,2232018H-07).
文摘Trade credit,as an effective tool for integrating and coordinating material,information,and financial flows in supply chain management,is becoming increasingly widespread.We explore how a manufacturer can design optimal trade credit contracts when a risk-averse retailer hides its sales cost information(adverse selection)and selling effort level(moral hazard).We develop incentive models for a risk-averse supply chain when adverse selection and moral hazard coexist,which are then compared with the results under single information asymmetry(moral hazard).Moreover,we analyze the effects of private information and risk-aversion coefficient on contract parameters,selling effort level and the profit or utility of the supply chain.The study shows that when the degree of retailer’s risk aversion is within a certain range,reasonable trade credit contracts designed by the manufacturer can effectively induce the retailer to report its real sales cost and encourage it to exert appropriate effort.Furthermore,we find that the optimal trade credit period,optimal transfer payment,and retailer’s optimal sales effort level under dual information asymmetry are less than those under single information asymmetry.Numerical analysis are conducted to demonstrate the effects of the parameters on decisions and profits.
基金Project(2007CB209402) supported by the National Basic Research Program of China Project(SKLGDUEK0906) supported by the Research Fund of State Key Laboratory for Geomechanics and Deep Underground Engineering of China
文摘An optimization model of underground mining method selection was established on the basis of the unascertained measurement theory.Considering the geologic conditions,technology,economy and safety production,ten main factors influencing the selection of mining method were taken into account,and the comprehensive evaluation index system of mining method selection was constructed.The unascertained evaluation indices corresponding to the selected factors for the actual situation were solved both qualitatively and quantitatively.New measurement standards were constructed.Then,the unascertained measurement function of each evaluation index was established.The index weights of the factors were calculated by entropy theory,and credible degree recognition criteria were established according to the unascertained measurement theory.The results of mining method evaluation were obtained using the credible degree criteria,thus the best underground mining method was determined.Furthermore,this model was employed for the comprehensive evaluation and selection of the chosen standard mining methods in Xinli Gold Mine in Sanshandao of China.The results show that the relative superiority degrees of mining methods can be calculated using the unascertained measurement optimization model,so the optimal method can be easily determined.Meanwhile,the proposed method can take into account large amount of uncertain information in mining method selection,which can provide an effective way for selecting the optimal underground mining method.
