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
相关论文
共 49 条
[21]  
GOLOVACHKINA N, 2002, SUPPLIER MANUFACTURE
[22]   Monotone forecasts [J].
Haksöz, C ;
Seshadri, S .
OPERATIONS RESEARCH, 2004, 52 (03) :478-486
[23]  
HAKSOZ C, 2006, SUPPLY CHAIN CONTRAC
[24]  
HENDERSON V, 2005, VALUING OPTION INVES
[25]  
Hull J. C., 2003, Options, Futures, and Other Derivatives
[26]  
JOHNSON LL, 1959, REV ECON STUD, V27, P139
[27]  
Joskow P.L., 1985, J LAW ECON ORGAN, V1, P33, DOI DOI 10.1093/OXFORDJOURNALS.JLEO.A036889
[28]   Perpetual call options with non-tradability [J].
Kadam, A ;
Lakner, P ;
Srinivasan, A .
OPTIMAL CONTROL APPLICATIONS & METHODS, 2005, 26 (03) :107-127
[30]  
KOUVELIS P, 2001, MNGT SCI, V47, P1043