天津大学ppt课件
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Excess wealth ordering(剩余财富序):
7
建模
3.4 Contract Types and Payoffs We can write the buyer’s expected payoff as The vendor’s expected payoff is given by
RBC: PBC:
4. Benchmark: First-Best Under Complete Information 5. Signaling with Verifiable Inventory
5.1 Resource-Based Contract 5.2 Performance-Based Contract
6. Signaling with Unverifiable Inventory
We seek a perfect Bayesian equilibrium (PBE) that is also renegotiation-proof.
9
建模
4. Benchmark: First-Best Under Complete Information
Given the vendor type τ, the first-best outcome is obtained by solving the optimization problem.
8. Conclusions
2
背景介绍
1. Introduction
RBC
PBC
供货商 维护
可靠性 私有信息
买方 使用Fra Baidu bibliotek
备用库存
产品
3
文献回顾
2. Literature Review PBC for outsourced services asymmetric information in operations management the use of warranties as a signaling mechanism
4
建模
3. Model
3.1 Repair Process and Inventory Policy N: identical copies; B: inventory backorder; s: inventory; The expected backorders in steady state is
8
建模
3.5 Signaling Game We assume that the vendor, who possesses private information about the reliability of a newly developed product, chooses contract terms and proposes them to the buyer. The buyer then accepts the contract terms if his expected payoff exceeds an outside option valued at θ.
Availability is equal to
5
建模
3.2 Cost Structure Each time a product failure occurs, the buyer incurs a fixed cost r ≥ 0. The buyer’s expected cost is equal to The vendor’s expected cost is equal to
6.1 Resource-Based Contract 6.2 Performance-Based Contract
7. Extensions: Efficiency Enhancement Strategies
7.1 Endogenizing Inventory Verifiability 7.2 Pooling Inventory Across Multiple Buyers
10
建模
5. Signaling with Verifiable Inventory
We now consider the setting in which the vendor possesses private information about product reliability. 5.1 Resource-Based Contract
The value of α set by the vendor in her contract may relay information about whether or not the product is reliable.
11
建模
5.1 Resource-Based Contract
In summary, successful signaling by the reliable vendor is possible under RBC when her inventory choice is verifiable, but it comes at a cost since the vendor has to leave positive surplus to the buyer.
1
目录
1. Introduction 2. Literature Review 3. Model
3.1 Repair Process and Inventory Policy 3.2 Cost Structure 3.3 Information Structure 3.4 Contract Types and Payoffs 3.5 Signaling Game
6
建模
3.3 Information Structure We assume that the product offered by the vendor is one of two possible types, L or H, where L denotes low reliability and H denotes high reliability. Hazard rate ordering(危险率序):
7
建模
3.4 Contract Types and Payoffs We can write the buyer’s expected payoff as The vendor’s expected payoff is given by
RBC: PBC:
4. Benchmark: First-Best Under Complete Information 5. Signaling with Verifiable Inventory
5.1 Resource-Based Contract 5.2 Performance-Based Contract
6. Signaling with Unverifiable Inventory
We seek a perfect Bayesian equilibrium (PBE) that is also renegotiation-proof.
9
建模
4. Benchmark: First-Best Under Complete Information
Given the vendor type τ, the first-best outcome is obtained by solving the optimization problem.
8. Conclusions
2
背景介绍
1. Introduction
RBC
PBC
供货商 维护
可靠性 私有信息
买方 使用Fra Baidu bibliotek
备用库存
产品
3
文献回顾
2. Literature Review PBC for outsourced services asymmetric information in operations management the use of warranties as a signaling mechanism
4
建模
3. Model
3.1 Repair Process and Inventory Policy N: identical copies; B: inventory backorder; s: inventory; The expected backorders in steady state is
8
建模
3.5 Signaling Game We assume that the vendor, who possesses private information about the reliability of a newly developed product, chooses contract terms and proposes them to the buyer. The buyer then accepts the contract terms if his expected payoff exceeds an outside option valued at θ.
Availability is equal to
5
建模
3.2 Cost Structure Each time a product failure occurs, the buyer incurs a fixed cost r ≥ 0. The buyer’s expected cost is equal to The vendor’s expected cost is equal to
6.1 Resource-Based Contract 6.2 Performance-Based Contract
7. Extensions: Efficiency Enhancement Strategies
7.1 Endogenizing Inventory Verifiability 7.2 Pooling Inventory Across Multiple Buyers
10
建模
5. Signaling with Verifiable Inventory
We now consider the setting in which the vendor possesses private information about product reliability. 5.1 Resource-Based Contract
The value of α set by the vendor in her contract may relay information about whether or not the product is reliable.
11
建模
5.1 Resource-Based Contract
In summary, successful signaling by the reliable vendor is possible under RBC when her inventory choice is verifiable, but it comes at a cost since the vendor has to leave positive surplus to the buyer.
1
目录
1. Introduction 2. Literature Review 3. Model
3.1 Repair Process and Inventory Policy 3.2 Cost Structure 3.3 Information Structure 3.4 Contract Types and Payoffs 3.5 Signaling Game
6
建模
3.3 Information Structure We assume that the product offered by the vendor is one of two possible types, L or H, where L denotes low reliability and H denotes high reliability. Hazard rate ordering(危险率序):