Decision of Supply Chain Insurance Policyholders—Who should Purchase Business Interruption Insurance for Major Public Emergencies?
We model the secondary supply chain system composed of a supplier and a seller as an example.Based on different policy-holders,this paper discusses the effect of interruption risk transfer and specific impact mechanism of the supplier-insured,seller-insured,and co-insured models,and provides theoretical support for supply chain collaborative management and control of interruption risk and innovation of business interruption insurance mode for major public emergencies.The relevant research conclusions include:Business interruption insurance for major public emergencies can effectively transfer the risk of enterprise interruption,and achieve the goal of value realization and value appreciation through supply chain transmission;The choice of the best policyholder between the manu-facturer and the seller depends on specific circumstances;The business interruption insurance for major public emergencies has a certain complementary and replacement relationship with the interruption penalty contract and the wholesale price contract,and also has a certain smoothing effect between the interruption penalty coefficient and the order quantity.
business interruption insurance for major public emergenciesinterruption penaltycollaborative managementinterruption risk transfer
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