Coordination of supply chains with bidirectional option contracts

被引：126

作者：

Zhao, Yingxue ^{[1
]}

Ma, Lijun ^{[2
]}

Xie, Gang ^{[3
]}

Cheng, T. C. E. ^{[4
]}

机构：

[1] Univ Int Business & Econ, Sch Int Trade & Econ, Beijing 100029, Peoples R China

[2] Shenzhen Univ, Coll Management, Dept Management Sci, Shenzhen 518060, Peoples R China

[3] Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100190, Peoples R China

[4] Hong Kong Polytech Univ, Dept Logist & Maritime Studies, Kowloon, Hong Kong, Peoples R China

来源：

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH | 2013年 / 229卷 / 02期

基金：

中国国家自然科学基金;

关键词：

Supply chain management; Bidirectional option contract; Structural property; Channel coordination; CAPACITY RESERVATION CONTRACTS; INTENSIFY RETAIL COMPETITION; RETURNS POLICIES; DEMAND UNCERTAINTY; BUYERS PERSPECTIVE; DECISIONS; GOODS; STRATEGIES; NEWSVENDOR; EXPANSION;

D O I：

10.1016/j.ejor.2013.03.020

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

In this paper we develop a supply contract for a two-echelon manufacturer retailer supply chain with a bidirectional option, which may be exercised as either a call option or a put option. Under the bidirectional option contract, we derive closed-form expressions for the retailer's optimal order strategies, including the initial order strategy and the option purchasing strategy, with a general demand distribution. We also analytically examine the feedback effects of the bidirectional option on the retailer's initial order strategy. In addition, taking a chain-wide perspective, we explore how the bidirectional option contract should be set to attain supply chain coordination. (C) 2013 Elsevier B.V. All rights reserved.

引用

页码：375 / 381

页数：7

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