Sentence examples for penalty contract from inspiring English sources

Section 4 describes three contract designs, namely the wholesale price contract, the overproduction risk sharing contract, and the penalty contract and analyzes them with respect to their supply chain coordination potential.

We set up a multiperiod, 2 × 2 experiment in which we analyze the effects of a bonus versus a penalty contract and a fair versus an unfair outcome distribution.

Therefore, three different contracts are applied and analyzed regarding their coordination ability, namely the simple wholesale price contract, a reward contract [overproduction risk-sharing contract, first introduced by He and Zhang (2008)] and a penalty contract (compare Gurnani and Gerchak 2007).

This three-step analysis will first be carried out for the standard wholesale price contract before it is extended to two contracts (overproduction risk sharing contract and penalty contract) which are known to coordinate the supply chain in the case of stochastically proportional production yield.

Second, when the risk of food contamination is low and the firm is embedded in a supply chain where the retailer can impose its own safety system, a well-designed penalty contract will induce a voluntary implementation whatever the mandatory threat.

If a penalty (PEN) contract is applied the supplier will bear a higher risk than under a simple WHP contract since she is punished for under-delivery.

Nor unlike derivatives traders, for example—are they motivated by the prospect of a reward if they succeed in drafting a watertight deal or a penalty if contract costs increase.

Beginning Monday, existing AT&T customers can change to any of the new plans without penalty or contract extension with the online account management tool at www.att.com/wireless.

"Where I come from, nobody calls fine print, hidden fees and surprise penalties 'negotiated contract terms' or 'innovations,' " she said, in a jab at the language lenders have used to describe complex contractual terms.

This can leave sellers with substantial costs, and remains legal in England and Wales since buyer and seller are free to withdraw from an agreement without penalty before contracts are exchanged.

Their ruling described contract penalty clauses as "an ancient, haphazardly constructed edifice which has not weathered well".