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With respect to different risk preference of an agent in a supply chain,linear-contract models are designed according to the principal-agent theory.The study shows that the risk preference of an agent directly correlates with the incentive compensation coefficient of principal,order quantity of principal and production capability level of the agent.The principal should offer an appropriate incentive contract according to the risk preference of the agent,or choose an agent holding a different risk preference to establish the supply chain.
With respect to different risk preference of an agent in a supply chain, linear-contract models are designed according to the principal-agent theory. The study shows that the risk preference of an agent directly correlates with the incentive compensation coefficient of principal, order quantity of principal and production capability level of the agent.The principal should offer an appropriate incentive contract according to the risk preference of the agent, or choose an agent holding a different risk preference to establish the supply chain.