The Value of Information Design in Supply Chain Management

• 成果类型: Article
• 署名作者: Candogan, Ozan; Gurkan, Huseyin
• 署名单位: University of Chicago
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.2023.03004
• 发表日期: 2025
• 关键词: Information design; Supply chain management; newsvendor model; forecast sharing

摘要

This paper studies an information design problem of a retailer in a two-tier supply chain that procures a single type of product from a supplier. The supplier needs to decide on a production quantity by balancing the shortage cost and the excess inventory holding cost with respect to the retailer's demand. The retailer's demand is random, but the retailer receives an informative signal about the demand before the supplier sets the production quantity and places orders after learning the demand realization. The retailer wants to reduce the shortage cost, and to this end, the retailer can disclose information about the retailer's signal to persuade the supplier to increase production levels. For this setup, we characterize the optimal information disclosure policy of the retailer and shed light on settings in which the retailer strictly benefits from carefully designed information disclosure policies relative to a full- or a no-disclosure policy.