Abstract
Based on disruptive innovation and Stackelberg noncooperative game theory, the paper focuses on supply chain coordination under the combined effects of block chain technology and random demand. Firstly, both a decentralized and a centralized supply chain decision models are built in a single-cycle newsvendor random demand situation. Then, through revenue sharing contract the study designs a brand-new supply chain coordination model which is Del trust, decentralized, and traded anonymously. Furthermore, the numerical comparative analysis on the optimal decision and supply chain coordination are conducted. It is found that the whole supply chain revenue can achieve and even beyond the performance level of the centralized supply chain with effectively expanding sales market and reducing supply chain risk. When the retail price is stable and supply chain is coordinated with revenue sharing mechanism, decentralized supply chain can achieve minimum optimal revenue. Coordination results have effect on short-term revenues of block chain members only. Implications and suggestions for future research in supply chain coordination are provided.
Highlights
Because of the uncertainty of competition and changing of the market, customer demand is becoming more and more random, which must be highly paid attention to and valued as one significant factor by supply chain members [1,2,3,4]
This paper focuses on the supply chain coordination between a single manufacturer and single retailer under single cycle newsvendor random demand model
In order to improve whole profit of supply chain and reduce risks of high cost, low efficiency, poor chorology, and unsafely data storage which resulted by trust mechanism and centralized enterprises, application of Revenue sharing contract, and coordination issues of interests relationship among supply chain members under single cycle newsvendor random demand model, based on consideration of synergy brought by block chain technique and random demand, should be more valuable for scholars to focus on and study in future
Summary
Because of the uncertainty of competition and changing of the market, customer demand is becoming more and more random, which must be highly paid attention to and valued as one significant factor by supply chain members [1,2,3,4]. The existence of these trust mechanism and centralized enterprises may generate a variety of difficulties including higher cost, lower efficiency, poor chronology, unsafe data storage, and lower robustness of supply chain These create new challenges to current supply chain techniques and coordination theory [8,9,10,11]. In order to improve whole profit of supply chain and reduce risks of high cost, low efficiency, poor chorology, and unsafely data storage which resulted by trust mechanism and centralized enterprises, application of Revenue sharing contract, and coordination issues of interests relationship among supply chain members under single cycle newsvendor random demand model, based on consideration of synergy brought by block chain technique and random demand, should be more valuable for scholars to focus on and study in future.
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