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A behavioral investigation of supply chain contracts for a newsvendor problem in a developing economy

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dc.creatorCastañeda, Jaime Andrésspa
dc.creatorBrennan M.spa
dc.creatorGoentzel J.spa
dc.date.accessioned2020-05-25T23:55:37Z
dc.date.available2020-05-25T23:55:37Z
dc.date.created2019spa
dc.description.abstractThe business context in developing economies introduces challenges in scaling production that are often distinct from those faced in mature economies. This study focuses on the potential for risk-sharing mechanisms to overcome some of those challenges for agricultural supply chains in Uganda. The study follows a two-stage research approach conducted in collaboration with the United Nations World Food Programme (WFP), which supported adoption of hermetic crop storage products such as silos in the country since 2013. In the first stage, through interviews with six artisanal silo manufacturers we identified three constraints in scaling silo production that were accentuated by the newsvendor dynamics in this market. In the second stage, we considered the potential for risk-sharing contracts to help alleviate some of those constraints and explored behavioral explanations to account for differences. We ran a laboratory experiment using two contracts that our interviews suggest are feasible in this business context: a buyback mechanism that allows manufacturers to share the risks of procuring excess metal sheets and a salvage mechanism that allows them to share the risks of over-producing silos. The results reveal a consistent under-ordering across both contracts. They also show that while buyback participants respond to contract prices as existing theory would predict, salvage participants do not. Our study provides insights regarding the potential, and the limitations, of different risk-sharing mechanisms to increase the supply of products in developing economies. © 2019 Elsevier B.V.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.1016/j.ijpe.2018.12.024
dc.identifier.issn9255273
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/22147
dc.language.isoengspa
dc.publisherElsevier B.V.spa
dc.relation.citationEndPage83
dc.relation.citationStartPage72
dc.relation.citationTitleInternational Journal of Production Economics
dc.relation.citationVolumeVol. 210
dc.relation.ispartofInternational Journal of Production Economics, ISSN:9255273, Vol.210,(2019); pp. 72-83spa
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85060921433&doi=10.1016%2fj.ijpe.2018.12.024&partnerID=40&md5=e8dc4b733b9d1d430527f8b5418b9fc0spa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordFood supplyspa
dc.subject.keywordManufacturespa
dc.subject.keywordRisk managementspa
dc.subject.keywordSupply chainsspa
dc.subject.keywordBehavioral operationsspa
dc.subject.keywordDevelopment operationspa
dc.subject.keywordFood securityspa
dc.subject.keywordNewsvendor problemspa
dc.subject.keywordPost-harvest storagespa
dc.subject.keywordSupply chain contractsspa
dc.subject.keywordFood storagespa
dc.subject.keywordBehavioral operationsspa
dc.subject.keywordDevelopment operationsspa
dc.subject.keywordFood securityspa
dc.subject.keywordNewsvendor problemspa
dc.subject.keywordPost-harvest storagespa
dc.subject.keywordSupply chain contractsspa
dc.titleA behavioral investigation of supply chain contracts for a newsvendor problem in a developing economyspa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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