Relational Supply Contracts PDF
By:Michaela Isabel Höhn
Published on 2009-10-03 by Springer Science & Business Media
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.
This Book was ranked at 24 by Google Books for keyword Contracts.
Book ID of Relational Supply Contracts's Books is 9R-LlDTb7c8C, Book which was written byMichaela Isabel Höhnhave ETAG "le8EvDWKFfg"
Book which was published by Springer Science & Business Media since 2009-10-03 have ISBNs, ISBN 13 Code is 9783642027918 and ISBN 10 Code is 3642027911
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Book which have "124 Pages" is Printed at BOOK under CategoryBusiness and Economics
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