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- Publisher Website: 10.1080/0740817X.2011.649383
- Scopus: eid_2-s2.0-84864674023
- WOS: WOS:000307058200001
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Article: An analysis of a supply chain with options contracts and service requirements
Title | An analysis of a supply chain with options contracts and service requirements |
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Authors | |
Keywords | service requirement supply chain coordination Supply chain management finance-operations-marketing interfaces options contracts risk management |
Issue Date | 2012 |
Citation | IIE Transactions (Institute of Industrial Engineers), 2012, v. 44, n. 10, p. 805-819 How to Cite? |
Abstract | This article studies a one-period two-party supply chain with a service requirement. At the beginning of a single retail season, the retailer can obtain goods by either ordering from a firm or by purchasing and exercising call options. The retailers optimal ordering policy and the suppliers optimal production policy are derived in the presence of options contracts and a service requirement. In addition, it is shown that options contracts benefit both the retailer and supplier. Furthermore, it is shown that the retailers optimal expected profit is non-increasing in the service requirement and the suppliers optimal expected profit is non-decreasing in the service requirement, either with or without options contracts. A special class of distribution-free contracts that can coordinate the supply chain with options contracts and the service requirement are derived. Furthermore, as opposed to the case of non-coordinating contracts, it is shown that there is always a Pareto contract. Finally, the retailers and supply chains optimal service level are derived. © 2012 Copyright Taylor and Francis Group, LLC. |
Persistent Identifier | http://hdl.handle.net/10722/296252 |
ISSN | 2018 Impact Factor: 2.884 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Chen, Xu | - |
dc.contributor.author | Shen, Zuo Jun | - |
dc.date.accessioned | 2021-02-11T04:53:10Z | - |
dc.date.available | 2021-02-11T04:53:10Z | - |
dc.date.issued | 2012 | - |
dc.identifier.citation | IIE Transactions (Institute of Industrial Engineers), 2012, v. 44, n. 10, p. 805-819 | - |
dc.identifier.issn | 0740-817X | - |
dc.identifier.uri | http://hdl.handle.net/10722/296252 | - |
dc.description.abstract | This article studies a one-period two-party supply chain with a service requirement. At the beginning of a single retail season, the retailer can obtain goods by either ordering from a firm or by purchasing and exercising call options. The retailers optimal ordering policy and the suppliers optimal production policy are derived in the presence of options contracts and a service requirement. In addition, it is shown that options contracts benefit both the retailer and supplier. Furthermore, it is shown that the retailers optimal expected profit is non-increasing in the service requirement and the suppliers optimal expected profit is non-decreasing in the service requirement, either with or without options contracts. A special class of distribution-free contracts that can coordinate the supply chain with options contracts and the service requirement are derived. Furthermore, as opposed to the case of non-coordinating contracts, it is shown that there is always a Pareto contract. Finally, the retailers and supply chains optimal service level are derived. © 2012 Copyright Taylor and Francis Group, LLC. | - |
dc.language | eng | - |
dc.relation.ispartof | IIE Transactions (Institute of Industrial Engineers) | - |
dc.subject | service requirement | - |
dc.subject | supply chain coordination | - |
dc.subject | Supply chain management | - |
dc.subject | finance-operations-marketing interfaces | - |
dc.subject | options contracts | - |
dc.subject | risk management | - |
dc.title | An analysis of a supply chain with options contracts and service requirements | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1080/0740817X.2011.649383 | - |
dc.identifier.scopus | eid_2-s2.0-84864674023 | - |
dc.identifier.volume | 44 | - |
dc.identifier.issue | 10 | - |
dc.identifier.spage | 805 | - |
dc.identifier.epage | 819 | - |
dc.identifier.eissn | 1545-8830 | - |
dc.identifier.isi | WOS:000307058200001 | - |
dc.identifier.issnl | 0740-817X | - |