The advent of Industry 4.0 has compelled businesses to adopt digital approaches that combine software toenhance production efficiency. In this rapidly evolving market, software development is an ongoing process thatmu...The advent of Industry 4.0 has compelled businesses to adopt digital approaches that combine software toenhance production efficiency. In this rapidly evolving market, software development is an ongoing process thatmust be tailored to meet the dynamic needs of enterprises. However, internal research and development can beprohibitively expensive, driving many enterprises to outsource software development and upgrades to externalservice providers. This paper presents a software upgrade outsourcing model for enterprises and service providersthat accounts for the impact of market fluctuations on software adaptability. To mitigate the risk of adverseselection due to asymmetric information about the service provider’s cost and asymmetric information aboutthe enterprise’s revenues, we propose pay-per-time and revenue-sharing contracts in two distinct informationasymmetry scenarios. These two contracts specify the time and transfer payments for software upgrades. Througha comparative analysis of the optimal solutions under the two contracts and centralized decision-making withfull-information, we examine the characteristics of the solutions under two information asymmetry scenarios andanalyze the incentive effects of the two contracts on the various stakeholders. Overall, our study offers valuableinsights for firms seeking to optimize their outsourcing strategies and maximize their returns on investment insoftware upgrades.展开更多
The double moral hazard of ＂company ＋ farmer＂ and the time preference cost of company and farmer was analyzed. According to static game model, it re-vealed that the reason for low compliance rate of ＂company ＋ fa...The double moral hazard of ＂company ＋ farmer＂ and the time preference cost of company and farmer was analyzed. According to static game model, it re-vealed that the reason for low compliance rate of ＂company ＋ farmer＂ model was the existence of market risk, namely, the fluctuation of market price, and the stable market price in contracts was actualy a kind of interval, instead of a specific value. Furthermore, the effect of default penalty, market transaction cost and time prefer-ence cost on the stability of contract was studied. The results showed that default penalty, market transaction cost and time preference cost had positive influence on the price interval range of a contract.展开更多
Evidences indicate that,due to the limited caching capacity or inaccurate estimation on users’preferences,the requested files may not be fully cached in the network edge.The transmissions of the un-cached files will ...Evidences indicate that,due to the limited caching capacity or inaccurate estimation on users’preferences,the requested files may not be fully cached in the network edge.The transmissions of the un-cached files will also lead to duplicated transmissions on backhaul channels.Buffer-aided relay has been proposed to improve the transmission performance of the un-cached files.Because of the limited buffer capacity and the information asymmetric environment,how to allocate the limited buffer capacity and how to incentivize users in participating buffer-aided relay have become critical issues.In this work,an incentive scheme based on the contract theory is proposed.Specifically,the backlog violation probability,i.e.,the buffer overflow probability,is provided based on the martingale theory.Next,based on the backlog violation probability,the utility functions of the relay node and users are constructed.With the purpose to maximize the utility of the relay node,the optimal contract problem is formulated.Then,the feasibility of the contract is also demonstrated,and the optimal solution can be obtained by the interior point method.Finally,numerical results are presented to demonstrate effectiveness of the proposed contract theory scheme.展开更多
EPC general contract project includes design, procurement, construction and other links. The quota design in the design link is the first procedure of EPC general contract project. It is a major measure of cost contro...EPC general contract project includes design, procurement, construction and other links. The quota design in the design link is the first procedure of EPC general contract project. It is a major measure of cost control in the design stage, and also the key to control investment and determine the success or failure of the whole project, playing a crucial role in the whole project. By analyzing the role of quota design in EPC general contract project and related control means and determining the target value from the quota design, the design is constantly improved and optimized in each stage to avoid investment risks and misunderstandings, and the effectiveness of quota design in the whole EPC general contract project is effectively improved to increase its internal application value and comprehensively improve the level of project investment control and management, thereby consolidating the core competitiveness of EPC general contract project in the whole market competition.展开更多
The article deeply and systematically probed into a series of problems being faced for establishing index futures transaction in China. Drawing on the successful experiences of other relative countries and according t...The article deeply and systematically probed into a series of problems being faced for establishing index futures transaction in China. Drawing on the successful experiences of other relative countries and according to Chinese real conditions, the author chooses Shanghai composite index as subject-matter, and has designed an index futures contract that accord with the situation of China.展开更多
针对出行即服务(Mobility as a Service,MaaS)提供定制化的出行服务以满足游客差异化的交通需求,构建了由传统旅游供应商和MaaS平台组成的双渠道旅游出行服务链,探讨不同主导权下的集中式决策和分散式决策策略及其效益,并开展以供应商...针对出行即服务(Mobility as a Service,MaaS)提供定制化的出行服务以满足游客差异化的交通需求,构建了由传统旅游供应商和MaaS平台组成的双渠道旅游出行服务链,探讨不同主导权下的集中式决策和分散式决策策略及其效益,并开展以供应商为主导的供应链收益共享契约设计和数值分析。研究结果发现:基于MaaS的旅游供应链集中式决策下的效益大于分散式决策,且集中式决策效益是以供应商为主导的分散式决策效益的3/4。在收益共享契约协调下,供应商利润和MaaS平台利润分别为0.68和0.58,均有所提高,旅游供应链整体效益最大,实现旅游供应链完美协调。展开更多
文摘The advent of Industry 4.0 has compelled businesses to adopt digital approaches that combine software toenhance production efficiency. In this rapidly evolving market, software development is an ongoing process thatmust be tailored to meet the dynamic needs of enterprises. However, internal research and development can beprohibitively expensive, driving many enterprises to outsource software development and upgrades to externalservice providers. This paper presents a software upgrade outsourcing model for enterprises and service providersthat accounts for the impact of market fluctuations on software adaptability. To mitigate the risk of adverseselection due to asymmetric information about the service provider’s cost and asymmetric information aboutthe enterprise’s revenues, we propose pay-per-time and revenue-sharing contracts in two distinct informationasymmetry scenarios. These two contracts specify the time and transfer payments for software upgrades. Througha comparative analysis of the optimal solutions under the two contracts and centralized decision-making withfull-information, we examine the characteristics of the solutions under two information asymmetry scenarios andanalyze the incentive effects of the two contracts on the various stakeholders. Overall, our study offers valuableinsights for firms seeking to optimize their outsourcing strategies and maximize their returns on investment insoftware upgrades.
基金Supported by Humanities and Social Sciences of Ministry of Education(12YJC630050)Soft Science Bidding Project of Ministry of Agriculture(20140203)+1 种基金Jiangxi Soft Science Fund(20141BBA10065)Jiangxi’s Jiangxi Provincial Education Department(GJJ13727)~~
文摘The double moral hazard of ＂company ＋ farmer＂ and the time preference cost of company and farmer was analyzed. According to static game model, it re-vealed that the reason for low compliance rate of ＂company ＋ farmer＂ model was the existence of market risk, namely, the fluctuation of market price, and the stable market price in contracts was actualy a kind of interval, instead of a specific value. Furthermore, the effect of default penalty, market transaction cost and time prefer-ence cost on the stability of contract was studied. The results showed that default penalty, market transaction cost and time preference cost had positive influence on the price interval range of a contract.
基金the National Natural Science Foundation of China(No.61702258)the Key Projects of Natural Science Research in Colleges and Universities of Jiangsu Province(No.19KJA410001)the Foundation of Jiangsu Advanced Numerical Control Technology Key Laboratory(No.SYKJ201901).
文摘Evidences indicate that,due to the limited caching capacity or inaccurate estimation on users’preferences,the requested files may not be fully cached in the network edge.The transmissions of the un-cached files will also lead to duplicated transmissions on backhaul channels.Buffer-aided relay has been proposed to improve the transmission performance of the un-cached files.Because of the limited buffer capacity and the information asymmetric environment,how to allocate the limited buffer capacity and how to incentivize users in participating buffer-aided relay have become critical issues.In this work,an incentive scheme based on the contract theory is proposed.Specifically,the backlog violation probability,i.e.,the buffer overflow probability,is provided based on the martingale theory.Next,based on the backlog violation probability,the utility functions of the relay node and users are constructed.With the purpose to maximize the utility of the relay node,the optimal contract problem is formulated.Then,the feasibility of the contract is also demonstrated,and the optimal solution can be obtained by the interior point method.Finally,numerical results are presented to demonstrate effectiveness of the proposed contract theory scheme.
文摘EPC general contract project includes design, procurement, construction and other links. The quota design in the design link is the first procedure of EPC general contract project. It is a major measure of cost control in the design stage, and also the key to control investment and determine the success or failure of the whole project, playing a crucial role in the whole project. By analyzing the role of quota design in EPC general contract project and related control means and determining the target value from the quota design, the design is constantly improved and optimized in each stage to avoid investment risks and misunderstandings, and the effectiveness of quota design in the whole EPC general contract project is effectively improved to increase its internal application value and comprehensively improve the level of project investment control and management, thereby consolidating the core competitiveness of EPC general contract project in the whole market competition.
文摘The article deeply and systematically probed into a series of problems being faced for establishing index futures transaction in China. Drawing on the successful experiences of other relative countries and according to Chinese real conditions, the author chooses Shanghai composite index as subject-matter, and has designed an index futures contract that accord with the situation of China.
文摘针对出行即服务(Mobility as a Service,MaaS)提供定制化的出行服务以满足游客差异化的交通需求,构建了由传统旅游供应商和MaaS平台组成的双渠道旅游出行服务链,探讨不同主导权下的集中式决策和分散式决策策略及其效益,并开展以供应商为主导的供应链收益共享契约设计和数值分析。研究结果发现:基于MaaS的旅游供应链集中式决策下的效益大于分散式决策,且集中式决策效益是以供应商为主导的分散式决策效益的3/4。在收益共享契约协调下,供应商利润和MaaS平台利润分别为0.68和0.58,均有所提高,旅游供应链整体效益最大,实现旅游供应链完美协调。
