{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,7,30]],"date-time":"2025-07-30T13:32:24Z","timestamp":1753882344671,"version":"3.41.2"},"reference-count":20,"publisher":"World Scientific Pub Co Pte Ltd","issue":"02","funder":[{"DOI":"10.13039\/501100001809","name":"National Natural Science Foundation of China","doi-asserted-by":"crossref","award":["72061009","71872033"],"award-info":[{"award-number":["72061009","71872033"]}],"id":[{"id":"10.13039\/501100001809","id-type":"DOI","asserted-by":"crossref"}]},{"DOI":"10.13039\/501100004761","name":"Natural Science Foundation of Hainan Province","doi-asserted-by":"crossref","award":["723MS028"],"award-info":[{"award-number":["723MS028"]}],"id":[{"id":"10.13039\/501100004761","id-type":"DOI","asserted-by":"crossref"}]},{"DOI":"10.13039\/501100018617","name":"LiaoNing Revitalization Talents Program","doi-asserted-by":"crossref","award":["XLYC2007061"],"award-info":[{"award-number":["XLYC2007061"]}],"id":[{"id":"10.13039\/501100018617","id-type":"DOI","asserted-by":"crossref"}]},{"name":"Major Programs of the National Social Science Foundation of China","award":["22&ZD159"],"award-info":[{"award-number":["22&ZD159"]}]},{"name":"United States National Science Foundation","award":["1334930"],"award-info":[{"award-number":["1334930"]}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Asia Pac. J. Oper. Res."],"published-print":{"date-parts":[[2024,4]]},"abstract":"<jats:p> Unreliable suppliers may pose a substantial threat to supply chains, especially when they hold private information of their reliability. We consider a dyadic supply chain where the information of supplier reliability (in the form of random production yield) is asymmetric. We propose a new mechanism-design model and derive the buyer\u2019s optimal procurement contract menu offered to suppliers with private information. We prove that the contract menu is as simple as offering two different inflated order amounts and setting the procuring price sufficiently low to let the suppliers earn zero reservation profits. These results are derived analytically under uniform distribution. We test them numerically under beta distribution and find them hold as well. However, the informational rent will become positive when the supplier\u2019s reservation profit is positive. Positive informational rent is also found when we consider another structure of the supplier\u2019s production cost. This paper provides some new insights into supply chain management under asymmetric information of uncertain supply. <\/jats:p>","DOI":"10.1142\/s0217595923500161","type":"journal-article","created":{"date-parts":[[2023,4,20]],"date-time":"2023-04-20T06:29:27Z","timestamp":1681972167000},"source":"Crossref","is-referenced-by-count":1,"title":["Procurement Contract Design Under Asymmetric Information of Random Yield"],"prefix":"10.1142","volume":"41","author":[{"given":"Qingkai","family":"Ji","sequence":"first","affiliation":[{"name":"Management School, Hainan University, 58 Renmin Avenue, Meilan District, Haikou 570228, Hainan, P. R. 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