Personality information sharing in supply chain systems for innovative products in the circular economy era

Abstract

This research explores the value of personality information sharing in a two-tier supply chain of innovative products that have a short life cycle and no pollution to the environment. We analyse the behaviour of supply chain participants with one-shot decision theory and present an analysis of wholesale pricing for these products. We introduce the retailer's personality information sharing into our models and show the importance of personality information sharing in the wholesale price contract of the supply chain system. Theoretical analysis gains managerial insights into the strategic selection of the manufacturer when facing retailers with different personalities.

Keywords:

• Personality information sharing
• wholesale price contract
• supply chain system
• one-shot decision theory
• innovative products

Acknowledgments

The authors are grateful to the three anonymous referees for their helpful comments and suggestions. The alphabetical order of the authors indicates an equal contribution to the paper.

Disclosure statement

No potential conflict of interest was reported by the author(s).

Additional information

Funding

This work was supported in part by the National Natural Science Foundation of China [grant numbers 11901380, 11971220, 71421001, 71531002, 71801005], the China Postdoctoral Science Foundation [grant number 2016M601316] and the Natural Science Foundation of Anhui Province [grant number 1808085QG207].

Notes on contributors

Chang Fang

Chang Fang received the B.A. degree in Vehicle Engineering from Harbin Institute of Technology in 2007. Following the completion of his PhD degree in Management Science and Engineering in 2016 at Hefei University of Technology, he joined Anhui Normal University as an associate professor. His research interests include operations management, production planning, and supply chain management.

Xiuyan Ma

Xiuyan Ma received the B.A. degree in Mathematics from Dalian University of Technology in 2009. Following the completion of his PhD degree in business administration in 2015 at Yokohama National University, he joined the Dalian University of Technology as an Assistant Professor. Since 2020, he started working at Zhejiang University of Technology. His research interests include decision science, operations research and management science.

Jin Zhang

Jin Zhang received the B.A. degree in Journalism from the Dalian University of Technology in 2007. He pursues a degree in mathematics and received the M.S. degree in Operational Research and Cybernetics from the Dalian University of Technology, China, in 2010, and the PhD degree in Applied Mathematics from the University of Victoria, Canada, in 2015. After working in Hong Kong Baptist University for 4 years, he joined Southern University of Science and Technology as a tenure-track Assistant Professor in the Department of Mathematics since 2019. His broad research area is comprised of optimisation and variational analysis, as well as their applications in economics, engineering and data science.

Xide Zhu

Xide Zhu is currently an Assistant Professor at the School of Management of Shanghai University. He received his PhD degree in business administration from Yokohama National University. His research interests include decision science, operations research and management science.