首页|Smart contract-enabled consortium blockchains for the control of supply chain information distortion

Smart contract-enabled consortium blockchains for the control of supply chain information distortion

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Conflicts between supply chain members emerge because individual strategic actions may not be jointly optimal.Efforts to forecast consumer demand represent a source of conflict.The coordination of forecasts requires a powerful incentive alignment approach.This work proposes a smart contract equipped consortium blockchain system that creates an incentive structure that makes coordination with respect to forecasts economically appealing.Distortions of demand information due to uncoordinated forecasting are captured by a bullwhip measure that factors both forecast error and variance.Cooperation under the system is shown to help minimize this bullwhip measure,thus generating new outcomes for the participants that allow for a higher reward.Under a fixed payout structure,the system achieves credibility of continued cooperation,thus promoting an optimally coordinated equilibrium between the retailer and supplier.Blockchain technology represents a novel information system and consensus formation mechanism that can intermediate the behavior of a supply chain network.

Game theoryBullwhipInformation systemsSupply chain coordinationDemand forecastingBlockchain applications

Corban Allenbrand

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Department of Analytics,Operations Management and Information,the University of Kansas,Lawrence,KS,66049,United States

2023

区块链研究(英文)

区块链研究(英文)

EI
ISSN:
年,卷(期):2023.4(3)
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