Economics Literary Analysis Essay

Cornell Notes
Lecture, reading/chapter/novel/article during class, power point, movies (if need to collect info.)
Topic: Payment Schemes for a two-level consignment stock supply chain system
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-1714544450Essential Question:
00Essential Question:

Questions/Main Ideas: Name: _
Date: _28 October 2018___
Notes:
1.Suppy chain coordinating under cost and demand disruptions The supply chain is often disrupted by changes in production costs and market demand.
Firms are required to consistently adjust in response to market disruptions in production costs and demand.
2.Supply chain management and firm’s performance Effective supply chain management has a significant effect on a firm’s performance (Cao, Zhou, & Lu, 2015).
Firms need to constantly revise their initial production plans to respond to market changes in the event of disruptions of production costs and market demands
3. Changes in market demands and supply chain coordination Demand disruptions also affect the performance of the business.
Changes in demand also affect the level of production and sales in a firm.
Effective strategies of responding to demand disruptions improve supply chain performance and enhance business recovery from the disruptions (Cao, Zhou, & Lu, 2015).
4.Changes in costs and supply chain coordination Disruptions of production costs in a firm also affect the business performance as it leads to increased prices which can affect market demand and supplies.
Increased production cost reduces market supplies.

It also reduces demand thus affecting profitability and business growth.
5. Effects of cost disruptions on business performance Disruptions of production costs and market demand are both supply chain disruptions that reduce business performance.
These disruptions require an effective contract such as a revenue-sharing contract model (Cao, Zhou, & Lu, 2015).
The model helps in coordinating the disruptions in the decentralized supply chain.
6. Coordinating disruptions Coordinating disruptions require effective and efficient strategies.
The revenue-sharing model can be used in decentralized supply chain where every independent player wants to maximize their profits.
Improved revenue-sharing can coordinate disruptions in the supply chain that cause changes in revenue share, wholesale prices, and order quantities.
Summary:
The supply chain is prone to various disruptions of production costs and market demand. These disruptions affect the performance of the business and, therefore, require effective strategies to effectively coordinate the supply chain and maintain the improved performance of the business under disruption (Cao, Zhou, & Lu, 2015). An improved revenue-sharing model is an effective strategy that can be used in coordinating a decentralized supply chain where every independent player wants to maximize their profits.
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Cao, E., Zhou, X., & Lu, K, (2015). Coordinating a supply chain under demand and cost disruptions, International Journal of Production Research, Vol. 53, No. 12, 3735–3752.