کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
1032798 | 943263 | 2013 | 11 صفحه PDF | دانلود رایگان |
In this paper we consider the newsvendor model with real options under discrete demand. We consider a mixed contract where the retailer can order a combination of q units subject to the conditions in a classical newsvendor contract and Q real options on the same items. We provide a closed form solution to this mixed contract when the demand is discrete and study some of its properties. In particular we demonstrate that a mixed contract may be superior to a real option contract when a manufacturer has a bound on how much variance she is willing to accept.
► Explicit algorithms for mixed newsvendor contracts when demand is discrete.
► Mixed contracts are superior to real option contracts under variance constraints.
► Under variance constraints the problem can be reduced to a finite number of LP-problems.
Journal: Omega - Volume 41, Issue 5, October 2013, Pages 809–819