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DESCRIPTION:Value of Information in Contract Manufacturing\nMohammad E. Nik
 oofalPhD student in Operations Management\, КкСЯЭј\nDate: Novem
 ber 15\, 2013Time: 12:00 pm - 02:00 pmLocation: Room 310\nAbstract:\nAltho
 ugh the contract manufacturing emerges as a dominant business model in man
 y industries and allows its users to focus on their core competencies\, th
 e recent surveys show that it comes at the cost of increased risk\, reduce
 d visibility\, and loss of control. In this presentation\, we discuss two 
 techniques that provide different sides of the supply chain with the criti
 cal information regarding the extent of supply risk. Namely\, in the first
  one\, it is the upstream party (supplier) who makes a costly diagnostic i
 nvestment in the form of test production\, whereas in the second one\, it 
 is the downstream party (manufacturer) who incurs the diagnostic cost in t
 he form of audit. By comparing the agency costs associated with the optima
 l menu of contracts with and without these diagnostic techniques\, we comp
 letely characterize the value of test production and audit for all the cas
 es from the perspectives of manufacturer\, and supplier as well as total s
 upply chain. First of all\, even though test production (resp.\, audit) in
 creases (resp.\, decreases) the degree of information asymmetry between th
 e supply chain parties\, contrary to intuition and (in some cases) literat
 ure\, we characterize the conditions under which diagnostic technique can 
 be a win-win strategy\, i.e.\, both the manufacturer and supplier can bene
 fit from test production and audit. Second\, the manufacturer is always be
 tter off when she incurs diagnostic cost in the form of audit\; however\, 
 she may worse off when the supplier invests in test production. Finally\, 
 we show that the information acquired through test production and audit en
 ables the manufacturer to customize the contract offerings based on the tr
 ue type of supply risk (faced by the supplier).Т Т Т Т Т Т Т Т Т Т Т Т Т Т Т Т Т Т Т Т Т Т Т Т 
DTSTART:20131115T170000Z
DTEND:20131115T190000Z
LOCATION:Bronfman Building\, CA\, QC\, Montreal\, H3A 1G5\, 1001 rue Sherbr
 ooke Ouest
SUMMARY:Seminar: Mohammad E. Nikoofal\, КкСЯЭј
URL:/desautels/channels/event/seminar-mohammad-e-nikoo
 fal-mcgill-university-231577
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