In this article, the researchers investigate how a retailer and a supplier make decisions on efforts to ensure product availability and cost-sharing decisions of such efforts while anticipating the advent of a pandemic wave.
Authors
Anirban Ganguly, Professor, Jindal Global Business School, O.P. Jindal Global University, Sonipat, Haryana, India.
Chitresh Kumar, Associate Professor, Jindal Global Business School, O.P. Jindal Global University, Sonipat, Haryana, India.
Arka Mukherjee, Concordia University, Montreal, Quebec, Canada
Priyabrata Chowdhury, RMIT University, Melbourne, Victoria, Australia.
Summary
The COVID-19 pandemic has shown that stock outs of essential items like hand sanitizers, tissue papers and other items of hygiene and daily use have been characteristic of a supply chain, especially immediately following a pandemic wave. Consequently, retailers have to indulge in substantial supplier management efforts to ensure product availability during a pandemic wave.
Using a piecewise deterministic differential game, we model a scenario where, while anticipating a pandemic wave, a supplier decides on product availability efforts to ensure product availability under the impending threat of stock outs. A market leader coordinating retailer, on the other hand, decides on the proportion of the costs of the efforts to be shared with the supplier.
Published in: IFAC-PapersOnLine
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