Contingency management under asymmetric information

Ananth V. Iyer; Vinayak Deshpande; Zhengping Wu

doi:10.1016/j.orl.2004.11.007

Contingency management under asymmetric information

Ananth V. Iyer, Vinayak Deshpande, Zhengping Wu

Research output: Contribution to journal › Article › peer-review

31 Scopus citations

Abstract

We model a monopolist supplier whose supply to multiple buyers is disrupted. The supplier can take costly, speed-dependent actions, to restore supply. Buyers experience private backorder costs that are unknown to the supplier. We analyze the supplier's optimal contract structure and explore the impact of an alternate supplier.

Original language	English (US)
Pages (from-to)	572-580
Number of pages	9
Journal	Operations Research Letters
Volume	33
Issue number	6
DOIs	https://doi.org/10.1016/j.orl.2004.11.007
State	Published - Nov 2005
Externally published	Yes

Keywords

Capacity restoration
Contingency management
Information asymmetry

ASJC Scopus subject areas

Software
Management Science and Operations Research
Industrial and Manufacturing Engineering
Applied Mathematics

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10.1016/j.orl.2004.11.007

Cite this

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title = "Contingency management under asymmetric information",

abstract = "We model a monopolist supplier whose supply to multiple buyers is disrupted. The supplier can take costly, speed-dependent actions, to restore supply. Buyers experience private backorder costs that are unknown to the supplier. We analyze the supplier's optimal contract structure and explore the impact of an alternate supplier.",

keywords = "Capacity restoration, Contingency management, Information asymmetry",

author = "Iyer, {Ananth V.} and Vinayak Deshpande and Zhengping Wu",

note = "Funding Information: This research was supported in part by NSF award #DMI-0071935. ",

year = "2005",

month = nov,

doi = "10.1016/j.orl.2004.11.007",

language = "English (US)",

volume = "33",

pages = "572--580",

journal = "Operations Research Letters",

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TY - JOUR

T1 - Contingency management under asymmetric information

AU - Iyer, Ananth V.

AU - Deshpande, Vinayak

AU - Wu, Zhengping

N1 - Funding Information: This research was supported in part by NSF award #DMI-0071935.

PY - 2005/11

Y1 - 2005/11

N2 - We model a monopolist supplier whose supply to multiple buyers is disrupted. The supplier can take costly, speed-dependent actions, to restore supply. Buyers experience private backorder costs that are unknown to the supplier. We analyze the supplier's optimal contract structure and explore the impact of an alternate supplier.

AB - We model a monopolist supplier whose supply to multiple buyers is disrupted. The supplier can take costly, speed-dependent actions, to restore supply. Buyers experience private backorder costs that are unknown to the supplier. We analyze the supplier's optimal contract structure and explore the impact of an alternate supplier.

KW - Capacity restoration

KW - Contingency management

KW - Information asymmetry

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U2 - 10.1016/j.orl.2004.11.007

DO - 10.1016/j.orl.2004.11.007

M3 - Article

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SP - 572

EP - 580

JO - Operations Research Letters

JF - Operations Research Letters

IS - 6

ER -

Contingency management under asymmetric information

Abstract

Keywords

ASJC Scopus subject areas

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