Forthcoming and Online First Articles

International Journal of Modelling in Operations Management

International Journal of Modelling in Operations Management (IJMOM)

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International Journal of Modelling in Operations Management (3 papers in press)

Regular Issues

  • Effect of regional intelligent logistics policy on market value evidence from Chinese logistics companies   Order a copy of this article
    by Siyu Wang, Jiahe Hou, Yanjie Liang 
    Abstract: The paper studies the stock market reaction of 88 regional intelligent logistics policies (RILPs) for Chinese logistics companies from 2013-2020. First, we find the stock market reaction of RILPs is positive. Second, combined with fundamental analysis theory (FAT), this research discusses the stock market reaction from macro factors, industry factors, and micro factors. For macro factors, when the per capita GDP of province is worse or its information service revenue is better, the market reactions of RILP is more positive. For industry factors, the worse logistics industry added values are, the more positive the reaction of RILPs is. For micro factors, an RILP has a more positive impact on the smaller enterprises. Finally, we compare the market reactions of polices issued by provincial governments (which is RILPs) with those of central-government intelligent logistics policies (CILPs), and the effects of RILPs are more positive.
    Keywords: regional intelligent logistics; provincial policy; stock market.

  • Research on pricing strategy of manufacturer's dual-channel supply chain considering power structure and free-riding behaviour   Order a copy of this article
    by Weihua Liu, Wenfei Wu, Xiaoyu Yan, Xinyun Liu 
    Abstract: This paper systematically studies how the free-riding effect affects the supply chain performance under different power structures. We consider a two-tier supply chain composed of manufacturers and retailers. The supply chain has three structural forms: 1) manufacturer-led; 2) retailer-led; 3) centralised decision-making. By analysing the impact of the free-riding effect on the demand and profit of the dual-channel supply chain under different power structures, this study has obtained many important findings: First, the free-riding effect reduces the price and demand of retail channels and damages the profits of retailers. Increased the price and demand of direct sales channels and increased the profits of manufacturers. Secondly, we find that under decentralised decision-making, the overall profit of the supply chain may be reduced due to the free-riding effect, which will not only cause the retailer's profit to be infringed, but also the overall performance of the supply chain will not be optimal. Therefore, this paper proposes a service incentive contract, which makes the overall profit of the supply chain increase with the increase of the free-riding effect coefficient regardless of whether the manufacturer is the leader or the retailer is the leader.
    Keywords: power structure; free-riding effect; dual-channels; service level incentives.
    DOI: 10.1504/IJMOM.2022.10047061
  • Research on manufacturer's dual-channel pricing strategy based on power structure   Order a copy of this article
    by Weihua Liu, Wenfei Wu, Xiaoyu Yan, Xinyun Liu 
    Abstract: This paper constructs four models: 1) manufacturer-led + discriminatory pricing; 2) manufacturer-led + unified pricing; 3) retailer-led + discriminatory pricing; 4) retailer-led + unified pricing. By constructing the Stackelberg game model under different power structures, we find that when the manufacturer is dominant in the dual-channel supply chain and the retailer's lowest profit margin is in the middle, the manufacturer chooses to discriminate pricing. When the lowest profit margin of retailers is large, manufacturers always choose uniform pricing. When retailers are in a dominant position in the dual-channel supply chain and the highest profit margin of retailers is large, retailers will give priority to the unified pricing strategy; otherwise, retailers will choose the discriminatory pricing strategy.
    Keywords: dual-channel; power structure; pricing strategy.
    DOI: 10.1504/IJMOM.2022.10047062