Analysis on Cost Control Model for Outsourcing Logistics for Enterprises under Information Asymmetry

Based on principal — agent theory and methods, the problem for the principal how to incite the third-party logistics to do his best to decrease the logistics cost under information asymmetry has been discussed in the paper. Generally, the principal can not learn about the work of the agent for cost reduction due to information asymmetry, it has been presented that the principal may determine a contract base number according to his own requirements and quote by the third Party on logistics, and establish the model of maximizing the principal's expected service utility on condition that constriction of individual rationality and that of incentive compatibility constraint for the third party are satisfied, in which the reward factor and the penalty factor are used as dominant decision-making factor.

• Record URL:
  https://doi.org/10.1061/41039(345)511
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/9780784410394
• Supplemental Notes:
  • © 2009 American Society of Civil Engineers.
• Corporate Authors:

  American Society of Civil Engineers

  1801 Alexander Bell Drive
  Reston, VA  United States  20191-4400
• Authors:
  • Gong, Zhiguo
  • Peng, Qiyuan
• Conference:
  • Second International Conference on Transportation Engineering
  • Location: Chengdu , China
  • Date: 2009-7-25 to 2009-7-27
• Publication Date: 2009-7

Language

• English

Media Info

• Media Type: Web
• Features: Figures; References; Tables;
• Pagination: pp 3106-3111
• Monograph Title: International Conference on Transportation Engineering 2009

Subject/Index Terms

• TRT Terms: Analysis; Contracting out; Cost control; Economic models; Logistics; Third party logistics providers
• Subject Areas: Administration and Management; Economics; Finance; Freight Transportation; Planning and Forecasting; I10: Economics and Administration;

Filing Info

• Accession Number: 01534547
• Record Type: Publication
• ISBN: 9780784410394
• Files: TRIS, ASCE
• Created Date: Nov 12 2013 1:43PM