Flexibility, information structure, options, and market power in robust supply chains

Stein W. Wallace, Tsan Ming Choi

Research output: Journal article publicationJournal articleAcademic researchpeer-review

29 Citations (Scopus)

Abstract

Faced with uncertainty, researchers have explored concepts such as robustness, flexibility, information structure, options, and market power for supply chain management. Despite many influential findings, such as the presence of the bullwhip effect and channel power, the literature in supply chain management is a bit confusing with regard to these concepts, including how they are related to each other. In light of this, we discuss the meaning of the terms in a supply chain management context. We indicate what questions are at stake and some pitfalls to be aware of if the phenomenon we are concerned about is affected by strategic players. This paper is modelling focused.
Original languageEnglish
Pages (from-to)284-288
Number of pages5
JournalInternational Journal of Production Economics
Volume134
Issue number2
DOIs
Publication statusPublished - 1 Dec 2011

Keywords

  • Flexibility
  • Information
  • Market power
  • Options
  • Risk
  • Robustness
  • Stages
  • Supply chain management

ASJC Scopus subject areas

  • Industrial and Manufacturing Engineering
  • Business, Management and Accounting(all)
  • Management Science and Operations Research
  • Economics and Econometrics

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