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Record W4395449871 · doi:10.1016/j.ijpe.2024.109260

Weather rebate sharing contract for enhancing supply chain performance

2024· article· en· W4395449871 on OpenAlexaff
Piyal Sarkar, M.I.M. Wahab, Liping Fang

Bibliographic record

VenueInternational Journal of Production Economics · 2024
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicSupply Chain and Inventory Management
Canadian institutionsToronto Metropolitan University
Fundersnot available
KeywordsCVARSupply chainRevenue sharingRisk aversion (psychology)Pareto principleBusinessProfit (economics)RevenueRisk neutralExpected utility hypothesisMicroeconomicsRisk managementComputer scienceExpected shortfallFinanceEconomicsOperations managementMarketing

Abstract

fetched live from OpenAlex

Weather risk in a supply chain has become a potential issue. We propose a new class of contract, a weather rebate sharing contract, that enhances the supply chain performance under weather risk. To design the contract parameters, the risk aversion of supply chain members is taken into account. The Conditional Value at Risk (CVaR) function is used to measure a firm’s objective under risk. The optimal hedging and ordering decisions are obtained by maximizing the CVaR of the supply chain’s expected profit. The weather rebate sharing contract parameters have been designed so that both parties obtain a Pareto-improving solution. We have investigated the performance of the traditional revenue sharing contract and our designed contract under weather risk by using industry demand data and corresponding temperature data. Irrespective of the risk aversion of the supply chain members, we conclude that our designed contract coordinates effectively under all weather conditions and performs better than a traditional revenue sharing contract. Moreover, our results show that the designed contract coordinates under different weather conditions and provides a better coordination framework than the previously designed contracts under weather risk. We recommend that practitioners use this class of contract for administering the supply chain under weather-related uncertainties.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.814
Threshold uncertainty score0.448

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.002
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.020
GPT teacher head0.239
Teacher spread0.219 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations7
Published2024
Admission routes1
Has abstractyes

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