Title:

Downstream Firm's Equity Holding in Decentralized Assembly Systems

Abstract: We consider a decentralized assembly system in which n upstream firms sell complementary components to a downstream firm facing a stochastic and price-sensitive demand. The downstream firm may make an investment to hold equity in an upstream firm. This not only enables the downstream firm to share the profit of the upstream firm as determined by the equity held, but also provides the needed resource for the upstream firm to improve its production efficiency and consequently benefits in the entire supply chain system. We characterize the equilibrium pricing and production decisions of all members in such a supply chain, under given equity holding strategy of the downstream firm. Furthermore, we derive the optimal equity holding strategy for the downstream firm. We find that the equity holding by the downstream firm helps reduce the retail price and increase production quantity. We consider both the push and the pull systems, to examine the impacts on the profits of the upstream firms by the holding decision of the downstream firm, which provides useful insights on supply chain design in different situations.

报告人：马永开教授

时间：2013年6月9日下午3:00 

地点：学术报告厅

马永开，管理科学与工程专业博士，加拿大温莎大学访问学者。现任电子科技大学经济与管理学院副院长，教授，博士生导师。   擅长投资管理、房地产经济与金融、供应链管理等领域的研究，主持和主研5项国家级科研项目，以及多项省部级科研项目，在《Journal of Banking and Finance》、《International Review of Financial Analysis》、《Journal of Mathematical Finance》、《China Finance Review International》、《International Real Estate Review》、《管理科学学报》、《系统工程理论与实践》等国内外重要学术刊物上发表学术论文50余篇。获四川省科技进步奖一等奖2项、中国高校人文社会科学研究优秀成果奖二等奖1项和四川省哲学社会科学优秀成果奖二等奖2项，2005年入选教育部“新世纪优秀人才支持计划”，2006年获四川省学术与技术带头人称号。