کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
6895126 | 1445937 | 2018 | 31 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Supply option contracts with spot market and demand information updating
ترجمه فارسی عنوان
قرارداد عرضه گزینه های قراردادی با بازار دقیق و به روز رسانی اطلاعات تقاضا
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کلمات کلیدی
مدیریت زنجیره تامین، قرارداد زنجیره تامین، قرارداد اختیاری، بازار نقطه به روز رسانی اطلاعات تقاضا،
موضوعات مرتبط
مهندسی و علوم پایه
مهندسی کامپیوتر
علوم کامپیوتر (عمومی)
چکیده انگلیسی
Motivated by the industrial practices, this paper develops a two-stage model to explore the supply option contract in a two-echelon supply chain, taking into account a stochastic spot market and demand information updating of general correlation. We develop a concept called EUOS (expected unit opportunity saving) by which to examine the expected benefit received per unit of the option under different market scenarios. With the concept of EUOS, we develop intuitive analytical results to characterize the optimal strategies for portfolio procurement via the option contract and spot markets, and to design the appropriate option mechanism for supply chain coordination. Furthermore, we reveal that EUOS can be a viable alternative for real option pricing in the supply chain. Detailed comparisons between the mixed market scenario (in which the spot market and the option contract market co-exist) and the scenario with pure spot market or pure option contract market are made, and thereby we analytically examine the effects of supply competition between the spot market and the option contract market. Our paper contributes to the literature by developing intuitive characterizations for the option contract models and generating some new insights with respect to the use of supply option contracts in the supply chain in the presence of a stochastic spot market and demand information updating.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Journal of Operational Research - Volume 266, Issue 3, 1 May 2018, Pages 1062-1071
Journal: European Journal of Operational Research - Volume 266, Issue 3, 1 May 2018, Pages 1062-1071
نویسندگان
Yingxue Zhao, Tsan-Ming Choi, T.C.E. Cheng, Shouyang Wang,