Supply contract with options

被引:65
作者
Gomez-Padilla, A. [1 ]
Mishina, T. [2 ]
机构
[1] Univ Guadalajara, Dept Ind Engn, Guadalajara 44430, Jalisco, Mexico
[2] Akita Prefectural Univ, Dept Management Sci & Engn, Akita, Japan
关键词
Options; Contracts; Supply chain; Performance;
D O I
10.1016/j.ijpe.2009.06.006
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
The purpose of this paper is to analyze the impact of an option contract for two companies of a supply chain: retailer and supplier. With an option contract the retailer orders a quantity of units and has the right to modify his order if necessary. A model to calculate the performance of an option contract in terms of contract value for the two companies engaged is presented. The two considered cases are multiple suppliers and one retailer, and one supplier and one retailer. The performance improvement obtained using this kind of contract is compared by simulation. (C) 2009 Elsevier B.V. All rights reserved.
引用
收藏
页码:312 / 318
页数:7
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