International Journal of Production Economics最新文献

Gray market speculation: Analyzing retailer behavior and manufacturer strategies in the context of strategic consumer behavior

IF 9.8 1区工程技术

International Journal of Production Economics Pub Date : 2025-03-29 DOI: 10.1016/j.ijpe.2025.109607

Zhaobo Chen , Jiahang Wu , Chunying Tian , Zhiyong Liu

{"title":"Gray market speculation: Analyzing retailer behavior and manufacturer strategies in the context of strategic consumer behavior","authors":"Zhaobo Chen , Jiahang Wu , Chunying Tian , Zhiyong Liu","doi":"10.1016/j.ijpe.2025.109607","DOIUrl":"10.1016/j.ijpe.2025.109607","url":null,"abstract":"<div><div>The paper constructs a supply chain model consisting of a manufacturer and an authorized retailer and analyzes the motivation of the authorized retailer to engage (directly or indirectly) in gray market speculation under the premise of two types of consumers in the market: the myopic and the strategic. Furthermore, the model is extended in two aspects: the delayed availability of gray market products and the damage of gray market products on the manufacturer’s reputation. The analysis reveals the following conclusions: (1) The percentage of different types of consumers is the critical factor influencing the authorized retailer’s decision to participate in gray market speculation. When the market has a higher proportion of myopic consumers, the authorized retailer is more inclined to participate in gray market speculation and is willing to participate directly in gray market speculation rather than indirectly through a third party distributor. (2) After considering the time discount of the gray market product, the authorized retailer is more likely to choose speculative behavior. In particular, if consumers have more patience in waiting for gray market products, the likelihood of the existence of the gray market decreases, which is counterintuitive. (3) If gray market products have minimal impact on the manufacturer’s reputation, the manufacturer may encourage the existence of the gray market. Conversely, if the reputation is severely damaged by the presence of the gray market, the manufacturer needs to use a combination of wholesale pricing and regulatory efforts to manage the gray market.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"284 ","pages":"Article 109607"},"PeriodicalIF":9.8,"publicationDate":"2025-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143740048","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Third-party logistics outsourcing: A review of two decades of advancing decision-making approaches with an up-to-date three-layer criteria framework integrating environmental, social, and governance metrics

IF 9.8 1区工程技术

International Journal of Production Economics Pub Date : 2025-03-28 DOI: 10.1016/j.ijpe.2025.109615

Viet Linh Dang , Shuping Wan , Jiequn Guo

{"title":"Third-party logistics outsourcing: A review of two decades of advancing decision-making approaches with an up-to-date three-layer criteria framework integrating environmental, social, and governance metrics","authors":"Viet Linh Dang , Shuping Wan , Jiequn Guo","doi":"10.1016/j.ijpe.2025.109615","DOIUrl":"10.1016/j.ijpe.2025.109615","url":null,"abstract":"<div><div>Selecting third-party logistics (3PL) providers is a crucial strategic decision for organizations seeking to enhance supply chain performance in today's dynamic business environment. This study explores the advancement of decision-making approaches for 3PL outsourcing, analysing 121 research articles published from 2002 to 2024. Through a comprehensive systematic literature review supported by descriptive and keyword co-occurrence analyses, the study identifies three primary methodological approaches: Multi-Criteria Decision Making (MCDM), Mathematical Programming (MP), and Artificial Intelligence (AI), with MCDM emerging as the most preferred approach. These methodologies show promising advancements in addressing traditional limitations, adopting data-driven approaches, integrating hybrid methods, managing uncertainty, and refining criteria development processes. Based on an analysis of 1662 selection criteria from the literature, the study proposes an up-to-date and universally applicable three-layer criteria framework focusing on five key aspects: Business Strength and Prestige, Service Excellence, Cost and Pricing, Technology Capabilities, and Sustainability (measured by Environmental, Social, and Governance metrics). This framework, enhanced by insights from industry experts and top 3PL companies, reflects a shift toward more holistic 3PL evaluation and selection. The study contributes to decision science and management literature while providing valuable insights for supply chain professionals, concluding with suggestions for future research directions.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"284 ","pages":"Article 109615"},"PeriodicalIF":9.8,"publicationDate":"2025-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143740047","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The impact of customers’ MD&A sentiment on the bullwhip effect: A dyadic buyer-supplier perspective

IF 9.8 1区工程技术

International Journal of Production Economics Pub Date : 2025-03-27 DOI: 10.1016/j.ijpe.2025.109614

Ke Du , Fu Jia , Lujie Chen

{"title":"The impact of customers’ MD&A sentiment on the bullwhip effect: A dyadic buyer-supplier perspective","authors":"Ke Du , Fu Jia , Lujie Chen","doi":"10.1016/j.ijpe.2025.109614","DOIUrl":"10.1016/j.ijpe.2025.109614","url":null,"abstract":"<div><div>Forward-looking disclosure sentiment is a practical reference signaling in examining companies' expectations about market opportunities and prospects. Although obtaining more comprehensive information can alleviate the bullwhip effect (BWE) caused by supply–demand mismatches in supply chains, few studies consider the impact of this sentiment at the supply chain level. Management discussion and analysis (MD&A) sentiment, which reflects companies' expectations of future market conditions and understanding of demand prospects, sets the stage for addressing the gap. Adopting signaling theory, this study provides empirical evidence on the effects of signaling, represented by customers' MD&A sentiment, on BWE in supply chains. We matched 348 Chinese manufacturing listed companies with their top five customers from 2007 to 2022, forming an unbalanced panel dataset of 1269 supplier-customer pairs. Our results show that customers' MD&A sentiment has a U-shaped relationship with BWE, which indicates that customers' expectations of future prospective can influence suppliers' supply-demand matching. Furthermore, signaler characteristics represented by customer managerial myopia, signaling environment represented by customer transparency, receiver characteristics represented by supplier asymmetric cost management, moderate the U-shaped relationship. Our study provides a comprehensive perspective on the effects of customers' MD&A sentiment on BWE from a dyadic buyer–supplier perspective. Moreover, our study also extends the application of signaling theory by considering the effects of the signaler's, signaling environment's, and receiver's characteristics on signaling effectiveness.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"284 ","pages":"Article 109614"},"PeriodicalIF":9.8,"publicationDate":"2025-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143740049","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Scalable deep reinforcement learning in the non-stationary capacitated lot sizing problem

IF 9.8 1区工程技术

International Journal of Production Economics Pub Date : 2025-03-25 DOI: 10.1016/j.ijpe.2025.109601

Lotte van Hezewijk , Nico P. Dellaert , Willem L. van Jaarsveld

引用次数: 0

Investigate the effect of green hydrogen supply chain integration on supply chain resilience: Organization information processing theory perspective

IF 9.8 1区工程技术

International Journal of Production Economics Pub Date : 2025-03-25 DOI: 10.1016/j.ijpe.2025.109613

Surajit Bag , Susmi Routray , Muhammad Sabbir Rahman , Santosh Kumar Shrivastav

{"title":"Investigate the effect of green hydrogen supply chain integration on supply chain resilience: Organization information processing theory perspective","authors":"Surajit Bag , Susmi Routray , Muhammad Sabbir Rahman , Santosh Kumar Shrivastav","doi":"10.1016/j.ijpe.2025.109613","DOIUrl":"10.1016/j.ijpe.2025.109613","url":null,"abstract":"<div><div>Integrating green hydrogen supply chains is crucial in enhancing firms’ resilience in a world characterized by VUCA (volatility, uncertainty, complexity, and ambiguity). Using organization information processing theory, this study explores the impact of green hydrogen supply chain integration and planning on supply chain resilience under the conditional moderating effect of social uncertainties. The proposed conceptual model is tested using data from 600 professionals in the green hydrogen domain, and hypotheses testing is performed using structural equation modeling. The findings indicate that green hydrogen supply chain integration positively influences resilience. The results support the moderated mediation hypothesis, suggesting that the indirect effect of green hydrogen supply chain integration on green hydrogen supply chain resilience through comprehensiveness of planning in green hydrogen operations is moderated by social uncertainties. This study provides significant theoretical and practical implications for academics and practitioners in the green hydrogen domain.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"284 ","pages":"Article 109613"},"PeriodicalIF":9.8,"publicationDate":"2025-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143740046","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Artificial Intelligence capabilities in Digital Servitization: Identifying digital opportunities for different service types

IF 9.8 1区工程技术

International Journal of Production Economics Pub Date : 2025-03-24 DOI: 10.1016/j.ijpe.2025.109604

Néstor Fabián Ayala , Jassen Rodrigues da Silva , Maria Auxiliadora Cannarozzo Tinoco , Nicola Saccani , Alejandro G. Frank

{"title":"Artificial Intelligence capabilities in Digital Servitization: Identifying digital opportunities for different service types","authors":"Néstor Fabián Ayala , Jassen Rodrigues da Silva , Maria Auxiliadora Cannarozzo Tinoco , Nicola Saccani , Alejandro G. Frank","doi":"10.1016/j.ijpe.2025.109604","DOIUrl":"10.1016/j.ijpe.2025.109604","url":null,"abstract":"<div><div>The advancement of digital technologies and the pursuit of higher-value solutions have driven companies to expand their portfolios with smart products and digital services, resulting in the innovation known as 'digital servitization.' This concept merges servitization —integrating services with products— and digitization —enhancing operations through digital technologies. While previous research has examined digital servitization and smart technologies, a gap remains in understanding how Artificial Intelligence (AI) specifically supports various types of digital servitization across both back-office and front-office activities. This study addresses this gap by investigating how AI enhances digital servitization through six case studies of companies implementing AI-driven servitized solutions. Adopting a capability theoretical perspective, we analyze the application of AI in both back-office and front-office activities for the delivery of base, intermediate, and advanced services. Our findings reveal that AI's role varies by service type, affecting customer interactions and operational tasks differently. We present a theoretical framework with five propositions that elucidate how AI capabilities enhance digital servitization. This framework gives scholars a refined understanding of AI's roles beyond the generalized black box approach and offers practitioners practical insights on leveraging AI for digital transformation.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"284 ","pages":"Article 109604"},"PeriodicalIF":9.8,"publicationDate":"2025-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143740050","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Easy-to-use estimators for waste, on shelf availability and number of orders in a periodic review inventory system with perishable items

IF 9.8 1区工程技术

International Journal of Production Economics Pub Date : 2025-03-22 DOI: 10.1016/j.ijpe.2025.109608

Karel van Donselaar, Rob Broekmeulen

{"title":"Easy-to-use estimators for waste, on shelf availability and number of orders in a periodic review inventory system with perishable items","authors":"Karel van Donselaar, Rob Broekmeulen","doi":"10.1016/j.ijpe.2025.109608","DOIUrl":"10.1016/j.ijpe.2025.109608","url":null,"abstract":"<div><div>We consider a periodic review inventory system with perishable items having a fixed case pack size and a shelf life between three and nine days. To assist retailers in reducing food waste, we develop easy-to-use estimators for the waste fraction, the on shelf availability and the number of orders. Since the estimators are easy to use, managers can develop their own logic and tools to support assortment, buying and replenishment decisions for perishable items. We assume stochastic discrete demand, consumers buying the oldest items first and a replenishment policy which considers information on the ages of the inventory on the shelf. The estimators can be used for classification, evaluation and optimization purposes. The average relative cost error when using the easy-to-use estimators to determine the optimal safety buffer as well as the optimal case pack size in the base setting is equal to 0.40 % and its standard deviation is equal to 1.19 %. Relaxing the assumptions in the model leads to average relative cost errors which are still less than 1 % except for two scenario's: when demand shows a very strong week pattern and when a large part of customers do not buy the oldest item first. For those scenario's additional research is needed. While the estimators perform well for classification and cost optimization in most scenario's, the estimators may be far off when used as stand-alone estimators. For those situations we suggest to use a more advanced estimator. Hence we also determine the added value from using more advanced estimators.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"284 ","pages":"Article 109608"},"PeriodicalIF":9.8,"publicationDate":"2025-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143705854","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Greenwashing and market value of firms: An empirical study

IF 9.8 1区工程技术

International Journal of Production Economics Pub Date : 2025-03-21 DOI: 10.1016/j.ijpe.2025.109606

Mao Xu , Ying Kei Tse , Ruoqi Geng , Zhenyuan Liu , Andrew Potter

{"title":"Greenwashing and market value of firms: An empirical study","authors":"Mao Xu , Ying Kei Tse , Ruoqi Geng , Zhenyuan Liu , Andrew Potter","doi":"10.1016/j.ijpe.2025.109606","DOIUrl":"10.1016/j.ijpe.2025.109606","url":null,"abstract":"<div><div>In today's business environment, green or sustainable claims are rising as companies strive to strengthen environmental practices in response to climate change and sustainable development challenges. However, with increasing expectations of sustainable performance, companies encounter mounting financial pressure to adopt more efficient sustainable practices, which may lead some to exploit sustainability efforts for their own gain. Many companies make environmentally friendly assertions to conceal or mask their actual activities—a phenomenon known as greenwashing—which fosters public scepticism about the authenticity of their green messaging. This study employs an event study methodology to examine how the stock market values greenwashing news, drawing on 121 global greenwashing news since the 2015 Paris Agreement. Our findings reveal a negative correlation between greenwashing news and stock market reactions. The market reactions to greenwashing news are more negative for firms with greater ESG performance than for weak ESG performance. Additionally, greenwashing news supported by concrete evidence elicits stronger adverse reactions. Companies operating in the manufacturing industry experience more significant market value losses than those in the service sector. The findings also indicate that the Asia-Pacific market demonstrates particularly strong negative responses to greenwashing news compared to other stock markets. This study contributes to the signalling theory and advances the literature on corporate sustainability practices by providing empirical insights in a global context.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"284 ","pages":"Article 109606"},"PeriodicalIF":9.8,"publicationDate":"2025-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143696658","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Optimal security and pricing strategies for AI cloud service providers: Balancing effort and price discounts across public, private, and hybrid AI cloud models

IF 9.8 1区工程技术

International Journal of Production Economics Pub Date : 2025-03-20 DOI: 10.1016/j.ijpe.2025.109605

Xiaotong Guo , Yong He , Joshua Ignatius

{"title":"Optimal security and pricing strategies for AI cloud service providers: Balancing effort and price discounts across public, private, and hybrid AI cloud models","authors":"Xiaotong Guo , Yong He , Joshua Ignatius","doi":"10.1016/j.ijpe.2025.109605","DOIUrl":"10.1016/j.ijpe.2025.109605","url":null,"abstract":"<div><div>In this study, we focus on cloud security and pricing as key factors that influence end users' choices. We develop an analytical model to examine how an artificial intelligence (AI) cloud service provider optimally sets security investments and price discounts, considering users' different views of public, private, and hybrid AI cloud services. Our results show how end users' characteristics and market dynamics affect these strategies and reveal the balance providers must strike between improving user experiences, capturing market share, and maximizing profits. We find that the provider's control over AI cloud security—along with security costs for both the provider and users, as well as users' potential security losses—plays a critical role in shaping effective strategies. In low-security-loss environments, end users gain more from choosing public AI cloud solutions. However, private AI cloud solutions become more favorable if the provider's security cost coefficient falls within certain limits. In the hybrid AI cloud scenario, the model becomes more complex. Under some conditions, security investment and price discounts act as complementary strategies; in others, they substitute for one another. We also analyze how these choices affect market share and profitability, and find that in some cases, security investments can outperform price discounts.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"284 ","pages":"Article 109605"},"PeriodicalIF":9.8,"publicationDate":"2025-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143714325","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Effects of operations executives’ power on shareholder wealth

IF 9.8 1区工程技术

International Journal of Production Economics Pub Date : 2025-03-18 DOI: 10.1016/j.ijpe.2025.109602

Mehdi Nezami , Sara Rezaee Vessal , Ali Shantia

{"title":"Effects of operations executives’ power on shareholder wealth","authors":"Mehdi Nezami , Sara Rezaee Vessal , Ali Shantia","doi":"10.1016/j.ijpe.2025.109602","DOIUrl":"10.1016/j.ijpe.2025.109602","url":null,"abstract":"<div><div>This study investigates the effect of operations executives' power (OEP) within a firm's organizational structure on the firm's shareholder value. In doing so, we employ a multidimensional measure that captures the relative power dynamics within a firm's TMT and is sensitive to shifts in these dynamics, enabling us to more precisely operationalize the power held by operations executives. Further, we link OEP to abnormal stock returns to evaluate the market's perception of operations executives' influence within a firm's TMT, and to idiosyncratic stock returns risk to explore how this influence contributes to the uncertainty in stock returns. In addition, we examine the contingency roles of firm maturity and market turbulence in moderating the OEP–shareholder value relationship. Using a longitudinal dataset of manufacturing firms (SIC 20–39) from 1998 to 2018, our findings reveal that while OEP boosts abnormal stock returns, it negatively impacts idiosyncratic stock returns risk. Additionally, firm maturity reduces the positive (resp., negative) effect of OEP on abnormal stock returns (resp., idiosyncratic stock return risk), whereas market turbulence enhances the positive (resp., negative) effect of OEP on abnormal stock returns (resp., idiosyncratic stock returns risk). These findings contribute to a deeper understanding of the dynamic interplay between operations executives' influence, firm characteristics, and market conditions in driving shareholder value.</div></div>","PeriodicalId":14287,"journal":{"name":"International Journal of Production Economics","volume":"284 ","pages":"Article 109602"},"PeriodicalIF":9.8,"publicationDate":"2025-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143714314","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0