Inventory Sharing Under Service Competition

业务 存货理论 竞争对手分析 竞赛(生物学) 永续盘存 服务(商务) 产品(数学) 存货计价 服务质量 质量(理念) 服务水平 博弈论 微观经济学 产业组织 营销 库存控制 经济 财务 哲学 认识论 生物 数学 生态学 几何学
作者
Xiaomeng Guo,Baojun Jiang
出处
期刊:Manufacturing & Service Operations Management [Institute for Operations Research and the Management Sciences]
被引量:6
标识
DOI:10.1287/msom.2020.0584
摘要

Problem description: In many markets with demand uncertainties, competing retailers may share inventories for common products that they offer consumers. This paper examines how competitors’ product sharing affects their inventory and service-quality decisions. The existing literature has mainly focused on inventory sharing among independent retailers who do not compete with each other. Our research aims to fill the gap in this literature by investigating the tradeoffs of inventory sharing between retailers who directly compete for customers based on service quality. Methodology/results: We develop a game-theoretical model in which two retailers selling a common product from the same manufacturer compete for customers by offering differentiated services together with the product. Each retailer faces stochastic demand that increases in its service quality and decreases in the competitor’s service quality. When a retailer runs out of stock of the product, it may replenish its inventory directly from the manufacturer and/or request the competitor’s excess inventory if they have an inventory-sharing agreement. We find that inventory sharing may soften or intensify service competition, depending on the transfer price for the shared inventory. Specifically, when retailers agree to share inventory, their service levels decrease in the transfer price if their preseason inventory levels are exogenous, but are nonmonotone in the transfer price if the retailers endogenously choose inventory levels. Moreover, our analysis reveals that the retailers’ equilibrium inventory levels will increase in the transfer price and can be higher or lower than their levels in the case without inventory sharing. We also find that with exogenous inventory, the retailers prefer to share inventory at the highest nonmoot transfer price, whereas with endogenous inventory, the retailers may prefer not to share inventory, even at the optimal transfer price, when the level of competition and the preorder cost are high. Finally, we show that with service competition, inventory sharing cannot achieve full coordination under any transfer price. Managerial implications: When deciding whether to share inventory with competitors, managers should consider not only the benefits of inventory pooling, but also the strategic effect of sharing on the firms’ inventory choices and service levels. Funding: X. Guo has received research support from the Research Grants Council of Hong Kong [RGC Reference No. 15501820]. Supplemental Material: The online appendix is available at https://doi.org/10.1287/msom.2020.0584 .
最长约 10秒,即可获得该文献文件

科研通智能强力驱动
Strongly Powered by AbleSci AI
更新
PDF的下载单位、IP信息已删除 (2025-6-4)

科研通是完全免费的文献互助平台,具备全网最快的应助速度,最高的求助完成率。 对每一个文献求助,科研通都将尽心尽力,给求助人一个满意的交代。
实时播报
laylor完成签到,获得积分10
刚刚
识途发布了新的文献求助10
2秒前
木仔发布了新的文献求助10
4秒前
4秒前
4秒前
4秒前
4秒前
斯文败类应助科研通管家采纳,获得10
4秒前
5秒前
5秒前
5秒前
5秒前
5秒前
领导范儿应助科研通管家采纳,获得10
5秒前
5秒前
向东东完成签到,获得积分10
5秒前
半城微凉应助科研通管家采纳,获得20
5秒前
顾矜应助科研通管家采纳,获得10
5秒前
科研通AI2S应助科研通管家采纳,获得10
5秒前
5秒前
5秒前
斯文败类应助科研通管家采纳,获得10
5秒前
5秒前
5秒前
Lucas应助科研通管家采纳,获得10
5秒前
慕青应助科研通管家采纳,获得10
5秒前
Alma完成签到,获得积分10
6秒前
7秒前
yk完成签到,获得积分10
7秒前
song发布了新的文献求助10
7秒前
8秒前
量子星尘发布了新的文献求助10
8秒前
xiaofeiyan发布了新的文献求助20
10秒前
可爱的函函应助Rollei采纳,获得10
10秒前
李健的小迷弟应助Rollei采纳,获得10
10秒前
Alma发布了新的文献求助10
10秒前
10秒前
11秒前
HHG00WYy发布了新的文献求助10
11秒前
李健的小迷弟应助木仔采纳,获得10
13秒前
高分求助中
A new approach to the extrapolation of accelerated life test data 1000
ACSM’s Guidelines for Exercise Testing and Prescription, 12th edition 500
Picture Books with Same-sex Parented Families: Unintentional Censorship 500
Nucleophilic substitution in azasydnone-modified dinitroanisoles 500
不知道标题是什么 500
A Preliminary Study on Correlation Between Independent Components of Facial Thermal Images and Subjective Assessment of Chronic Stress 500
Phylogenetic study of the order Polydesmida (Myriapoda: Diplopoda) 360
热门求助领域 (近24小时)
化学 材料科学 医学 生物 工程类 有机化学 生物化学 物理 内科学 纳米技术 计算机科学 化学工程 复合材料 遗传学 基因 物理化学 催化作用 冶金 细胞生物学 免疫学
热门帖子
关注 科研通微信公众号,转发送积分 3971441
求助须知:如何正确求助?哪些是违规求助? 3516161
关于积分的说明 11181180
捐赠科研通 3251322
什么是DOI,文献DOI怎么找? 1795788
邀请新用户注册赠送积分活动 876026
科研通“疑难数据库(出版商)”最低求助积分说明 805228