Next Article in Journal
The Ideal of σ-Nuclear Operators and Its Associated Tensor Norm
Previous Article in Journal
A TODIM-PROMETHEE Ⅱ Based Multi-Criteria Group Decision Making Method for Risk Evaluation of Water Resource Carrying Capacity under Probabilistic Linguistic Z-Number Circumstances
Article

How Does Advanced Technology Solve Unreliability Under Supply Chain Management Using Game Policy?

1
Department of Industrial & Management Engineering, Hanyang University, 55 Hanyangdeahak-ro, Sangnok-gu, Ansan, Gyeonggi-do 15588, Korea
2
Department of Industrial Engineering, Yonsei University, 50 Yonsei-ro, Sinchon-dong, Seodaemun-gu, Seoul 03722, Korea
*
Author to whom correspondence should be addressed.
Mathematics 2020, 8(7), 1191; https://doi.org/10.3390/math8071191
Received: 9 April 2020 / Revised: 14 June 2020 / Accepted: 23 June 2020 / Published: 20 July 2020
Presently, it is essential to increase customer service such that the Supply Chain Management (SCM) can earn more profit in a sustainable manner. In the supply chain, the manufacturer and the retailer are two players who try to maintain the joint profit of the Supply Chain (SC) without only thinking about their own respective profits. However, the retailer may not provide all information to the manufacturer. This research introduces the use of the advanced technology Radio Frequency IDentification (RFID) in a retailer’s shop to obtain exact information about customer demand. A consignment policy is used to increase the manufacturer profit, and a fixed fee is offered to the retailer to generate more profit in coordination with the manufacturer. This study is conducted with and without the effect of RFID to show the benefit of SCM even when the retailer is unreliable. Both models are solved using the classical optimization technique. Numerical findings prove that SCM can benefit from the outcome of this study even for unreliability. Coordination within SCM can be maintained for a long time by using the proposed recommendations of this study. View Full-Text
Keywords: supply chain management; inventory control; distribution free approach; radio frequency identification; consignment stock; game theory supply chain management; inventory control; distribution free approach; radio frequency identification; consignment stock; game theory
Show Figures

Figure 1

MDPI and ACS Style

Sardar, S.K.; Sarkar, B. How Does Advanced Technology Solve Unreliability Under Supply Chain Management Using Game Policy? Mathematics 2020, 8, 1191. https://doi.org/10.3390/math8071191

AMA Style

Sardar SK, Sarkar B. How Does Advanced Technology Solve Unreliability Under Supply Chain Management Using Game Policy? Mathematics. 2020; 8(7):1191. https://doi.org/10.3390/math8071191

Chicago/Turabian Style

Sardar, Suman K., and Biswajit Sarkar. 2020. "How Does Advanced Technology Solve Unreliability Under Supply Chain Management Using Game Policy?" Mathematics 8, no. 7: 1191. https://doi.org/10.3390/math8071191

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop