Supply chain operations in the presence of a spot market:: a review with discussion

被引:100
作者
Haksoz, C.
Seshadri, S.
机构
[1] City Univ London, CASS Business Sch, Fac Management, London EC1Y 8TZ, England
[2] NYU, New York, NY USA
关键词
supply chain contracts; stochastic dynamic programming; risk; real options; practice of OR;
D O I
10.1057/palgrave.jors.2602401
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
We survey the recent literature on the use of spot market operations to manage procurement in supply chains. We present results in two categories: work that deals with optimal procurement strategies and work related to the valuation of procurement contracts. As an example of the latter, we provide new results on valuation of a supply contract with abandonment option. Based on our review, we also discuss the scope for doing further work.
引用
收藏
页码:1412 / 1429
页数:18
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