What is it about?
Deciding on contract terms to ensure logistics service is provided on time and in full.
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Why is it important?
Logistics service may suffer from deterioration of quality during peaks. A penalty and reward contract can ensure the logistics service provider reserves enough capacity for peak times.
Perspectives
This article is out of my PhD research where I studied balancing having too much or not enough capacity or stock. This is the typical conundrum in supply chain and we get better at matching supply with demand using advanced analytics.
Dr Emel Aktas
Cranfield University
Read the Original
This page is a summary of: Penalty and reward contracts between a manufacturer and its logistics service provider, Logistics Research, December 2016, Springer Science + Business Media,
DOI: 10.1007/s12159-016-0136-9.
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