关于Prof. Lian Qi《工业工程前沿》讲座的通知

时间:2017-12-22浏览:604设置

Title: Two Period Contracting with Information Asymmetry and Limited Production Capacity 

Invited Speaker:

Prof. Lian Qi, Rutgers University, USA

Organizer:

唐任仲教授

Date:

20171226日(周二)8:00-11:00

Location:

浙江大学玉泉校区教7-404

Abstract:

Limited production capacity is quite common in practice. To fulfill consumers’ demand in a timely manner, firms often start the production before they have accurate demand information. In this paper, we consider a supply chain that consists of one retailer and one manufacturer.  In the first stage, the long duration before the selling season starts, both the retailer and the manufacturer are lack demand information. In the second stage, during the short selling season, the retailer will get more demand information than the manufacturer, which creates the information asymmetry, but the rush orders may not be fulfilled by the manufacturer on time due to the limited production capacity. We study how the manufacturer designs the optimal contracts for different periods, how the information asymmetry in the second period affects the optimal contract, and what is the impact of the limited production capacity.  We also compare the centralized and decentralized controls for this given problem.

Biography:

Dr. Qi is the department chair of supply chain management at Rutgers Business School.  Prior to pursuing his doctoral degree, he was an application consultant for SAP in the field of materials management and production planning. His research interests include Supply Chain Design and Management, especially Supply Chain Design under Stochastic Supply Disruptions, Production and Inventory Planning and Control, Operations Management, and Design and Analysis of Optimization Algorithms.  Dr. Lian Qi was the recipient of Junior Faculty Teaching Award and Junior Faculty Research Award at Rutgers Business School, and Outstanding Faculty Award at University of Missouri – Rolla, where he once worked.


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