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Supply chain coordination by single-period and long-term contracts with fuzzy market demand

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3 Author(s)
Junyan Wang ; Department of Logistics Engineering, Tianjin University of Science and Technology, Tianjin 300222, China ; Ruiqing Zhao ; Wansheng Tang

Due to the uncertainty of the market demand in the supply chain, this paper characterized market demand as a fuzzy variable and proposed single-period and long-term contracts to coordinate the two members (supplier and buyer) in the supply chain. Comparison of the effectiveness of the two contracts indicates that a long-term contract is more effective than a single-period contract in improving the profit potential of both the total supply chain and each member in the supply chain. This conclusion is useful to the decision-maker in supply chains with fuzzy market demand.

Published in:

Tsinghua Science and Technology  (Volume:14 ,  Issue: 2 )