Title :
The Role of 3PL in Budget-Constrained Supply Chain
Author :
Chen, Xiang-Feng
Author_Institution :
Sch. of Manage., Fudan Univ., Shanghai
Abstract :
The paper examines the impact of the role of 3PL on the performance of a two-level supply chain with a supplier and a budget-constrained retailer. We define two alternative roles of 3PL in a budget-constrained supply chain: Convention and Delegation. In convention model, the 3PL offers a traditional role of logistics providers, while in delegation model the 3PL presents the role of both logistics and financing providers by allying the bank. We show that under a symmetric information, there is no difference for the payoffs of individual firm and the entire supply chain in both convention and Delegation settings, and the competitive financial market can decouple retailer´s operational and financial decisions. However, in an asymmetric information setting, the payoff of individual firm in delegation model is better off than that in conventional model.
Keywords :
financial management; retailing; supply chains; 3PL; budget-constrained retailing; financial market; supply chain; Chaos; Decision making; Economic indicators; Financial management; Game theory; Logistics; Manufacturing; Production; Supply chain management; Supply chains;
Conference_Titel :
Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
Conference_Location :
Dalian
Print_ISBN :
978-1-4244-2107-7
Electronic_ISBN :
978-1-4244-2108-4
DOI :
10.1109/WiCom.2008.1466