کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
482713 1446146 2009 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Option and forward contracting with asymmetric information: Valuation issues in supply chains
موضوعات مرتبط
مهندسی و علوم پایه مهندسی کامپیوتر علوم کامپیوتر (عمومی)
پیش نمایش صفحه اول مقاله
Option and forward contracting with asymmetric information: Valuation issues in supply chains
چکیده انگلیسی

We investigate the role of forward commitments and option contracts between a seller (supplier) and a buyer (retailer) in the presence of asymmetric information. In our case, both parties face price and demand uncertainty but the retailer, being closer to the market, has additional information about the true demand and price. The supplier, aware of this asymmetry, and acting as a Stackelberg leader, designs a contracting arrangement that best meet his interest. We contrast the role of forward and option contracts in this environment and identify cases where combinations of the two are dominant. Finally, we investigate how alternative contracting arrangements alter the expected value of obtaining information that eliminates asymmetric information.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Journal of Operational Research - Volume 197, Issue 1, 16 August 2009, Pages 134–148
نویسندگان
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