Industrial Engineering and Management Systems

  • 제12권2호
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  • Pages.85-94
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  • 2013
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  • 1598-7248(pISSN)
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  • 2234-6473(eISSN)
대한산업공학회 (Korean Institute of Industrial Engineers)
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Supply Chain Contract with Put and Call Option: The Case of Non-Linear Option Premium Price

  • Saithong, Chirakiat (Department of Industrial Engineering, Faculty of Engineering at Si Racha, Kasetsart University Si Racha Campus) ;
  • Luong, Huynh Trung (Department of Industrial and Manufacturing Engineering, School of Engineering and Technology, Asian Institute of Technology)
  • 투고 : 2013.01.31
  • 심사 : 2013.05.30
  • 발행 : 2013.06.30
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초록

This research investigates the supply chain contract between a distributor and a supplier in which the selling period is relatively short in comparison with long production lead time. At the first stage, supplier who is a Stackelberg leader offers the distributor a contract with a set of parameters, and subjected to those parameters, the distributor places the number of initial orders as well as options. In order to purchase the option, the distributor pays non-linear option premium price with respect to the number of purchased options. At the second stage, based on realized demand, the distributor has the right to exercise option as either put or call which is limited up to the number of purchased options. The wholesale price contract is used as a benchmarking contract. This research has confirmed that the supply chain contract with a non-linear option premium price can help to coordinate the supply chain.

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참고문헌

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피인용 문헌

  1. Pricing supply chain option contracts: a bilevel programming approach vol.15, pp.4, 2020, https://doi.org/10.1108/jm2-08-2019-0195