Fairness in Selling to the Newsvendor
SSRN Electronic Journal
2013
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- 1Captures
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Article Description
TThis paper studies the impact of fairness concerns on supply chain performance (SCP) in the two-party newsvendor setting. We extend prior fairness analysis to a wide range of demand distributions, and also allow the degree and definition of fairness to assume a broader range of preferences than those in prior literature. Contrary to prior literature, we find that if the retailer’s ideal allocation to the supplier is not sufficiently large, regardless of demand variability, a fair-minded retailer makes no difference to system efficiency when facing a traditional profit-maximizing supplier. Only when the retailer’s ideal allocation to the supplier is above a threshold can the retailer’s fairness concern improve the system efficiency for sufficiently high demand uncertainty. In order for the retailer’s fairness concern to improve expected profits of both parties compared to the traditional supply chain case (win-win), the demand uncertainty cannot be too low, the retailer is not very averse to disadvantageous inequity, and his ideal allocation to the supplier is within a specific range. If only the supplier is concerned for fairness, the results range from worsening to improving (but not coordinating) the system and a win-win situation is impossible. Finally, when both the supplier and retailer are fair-minded, SCP is improved unless both parties prefer to allocate small portions of system profit to the other. Again, win-win will be achieved only when the demand uncertainty is sufficiently high, the retailer’s ideal allocation is within a certain range, and he is not very averse to disadvantageous inequity.
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