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Procurement management using option contracts: random spot price and the portfolio effect

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  1. Jörnsten, Kurt & Lise Nonås, Sigrid & Sandal, Leif & Ubøe, Jan, 2012. "Transfer of risk in the newsvendor model with discrete demand," Omega, Elsevier, vol. 40(3), pages 404-414.
  2. Tao Lu & Jan C. Fransoo & Chung-Yee Lee, 2017. "Carrier Portfolio Management for Shipping Seasonal Products," Operations Research, INFORMS, vol. 65(5), pages 1250-1266, October.
  3. Feng, Yi & Mu, Yinping & Hu, Benyong & Kumar, Arun, 2014. "Commodity options purchasing and credit financing under capital constraint," International Journal of Production Economics, Elsevier, vol. 153(C), pages 230-237.
  4. Alejandra Gómez-Padilla & Rosa G. González-Ramírez & Fernando Alarcón & Stefan Voß, 2021. "An option contract model for leasing containers in the shipping industry," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 23(2), pages 328-347, June.
  5. Inderfurth, Karl & Kelle, Peter & Kleber, Rainer, 2013. "Dual sourcing using capacity reservation and spot market: Optimal procurement policy and heuristic parameter determination," European Journal of Operational Research, Elsevier, vol. 225(2), pages 298-309.
  6. Zhu, Wanshan & Wu, Zhengping, 2014. "The stochastic ordering of mean-preserving transformations and its applications," European Journal of Operational Research, Elsevier, vol. 239(3), pages 802-809.
  7. Belleh Fontem & Megan Price, 2021. "Joint client selection and contract design for a risk-averse commodity broker in a two-echelon supply chain," Annals of Operations Research, Springer, vol. 307(1), pages 111-138, December.
  8. Shahrbanoo Rezaei & Iman Ghalehkhondabi & Majid Rafiee & Soudabeh Namdar Zanganeh, 2020. "Supplier selection and order allocation in CLSC configuration with various supply strategies under disruption risk," OPSEARCH, Springer;Operational Research Society of India, vol. 57(3), pages 908-934, September.
  9. Jiaxin Huang & Shui Ming Li, 2024. "Adaptive Strategies and Sustainable Innovations of Chinese Contractors in the Belt and Road Initiative: A Social Network and Supply Chain Integration Perspective," Sustainability, MDPI, vol. 16(20), pages 1-22, October.
  10. Biswas, Indranil & Avittathur, Balram, 2019. "Channel coordination using options contract under simultaneous price and inventory competition," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 123(C), pages 45-60.
  11. Berling, Peter, 2021. "A note generalizing “an option mechanism to coordinate a dyadic supply chain bilaterally in a multi-period setting”," Omega, Elsevier, vol. 101(C).
  12. Edward Anderson & Bo Chen & Lusheng Shao, 2017. "Supplier Competition with Option Contracts for Discrete Blocks of Capacity," Operations Research, INFORMS, vol. 65(4), pages 952-967, August.
  13. Xin-Sheng Xu & Felix T. S. Chan, 2019. "Optimal Option Purchasing Decisions for the Risk-Averse Retailer with Shortage Cost," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 36(02), pages 1-25, April.
  14. Lijo John & Anand Gurumurthy, 2022. "Are quantity flexibility contracts with discounts in the presence of spot market procurement relevant for the humanitarian supply chain? An exploration," Annals of Operations Research, Springer, vol. 315(2), pages 1775-1802, August.
  15. Wang, Lingling & Wu, Yong & Hu, Shengqiang, 2021. "Make-to-order supply chain coordination through option contract with random yields and overconfidence," International Journal of Production Economics, Elsevier, vol. 242(C).
  16. Eriksson, Katarina, 2019. "An option mechanism to coordinate a dyadic supply chain bilaterally in a multi-period setting," Omega, Elsevier, vol. 88(C), pages 196-209.
  17. Li, Jianbin & Luo, Xiaomeng & Wang, Qifei & Zhou, Weihua, 2021. "Supply chain coordination through capacity reservation contract and quantity flexibility contract," Omega, Elsevier, vol. 99(C).
  18. Merzifonluoglu, Yasemin, 2015. "Risk averse supply portfolio selection with supply, demand and spot market volatility," Omega, Elsevier, vol. 57(PA), pages 40-53.
  19. Kelei Xue & Yongjian Li & Xueping Zhen & Wen Wang, 2020. "Managing the supply disruption risk: option contract or order commitment contract?," Annals of Operations Research, Springer, vol. 291(1), pages 985-1026, August.
  20. Xu, Jinpeng & Feng, Gengzhong & Jiang, Wei & Wang, Shouyang, 2015. "Optimal procurement of long-term contracts in the presence of imperfect spot market," Omega, Elsevier, vol. 52(C), pages 42-52.
  21. Ankur Goel & Genaro J. Gutierrez, 2011. "Multiechelon Procurement and Distribution Policies for Traded Commodities," Management Science, INFORMS, vol. 57(12), pages 2228-2244, December.
  22. Rainer Kleber & Karl Inderfurth & Peter Kelle, 2014. "Combined sourcing and inventory management using capacity reservation and spot market," FEMM Working Papers 140005, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
  23. Xing, Wei & Liu, Liming & Wang, Shouyang, 2014. "More than a second channel? Supply chain strategies in B2B spot markets," European Journal of Operational Research, Elsevier, vol. 239(3), pages 699-710.
  24. Xu, Xinsheng & Ji, Ping & Sang, Shuming, 2023. "Supply option purchasing decisions via mismatch cost minimization," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 210(C), pages 260-280.
  25. Awi Federgruen & Zhe Liu & Lijian Lu, 2022. "Dual sourcing: Creating and utilizing flexible capacities with a second supply source," Production and Operations Management, Production and Operations Management Society, vol. 31(7), pages 2789-2805, July.
  26. Chen, Xu & Hao, Gang & Li, Ling, 2014. "Channel coordination with a loss-averse retailer and option contracts," International Journal of Production Economics, Elsevier, vol. 150(C), pages 52-57.
  27. Merzifonluoglu, Yasemin, 2017. "Integrated demand and procurement portfolio management with spot market volatility and option contracts," European Journal of Operational Research, Elsevier, vol. 258(1), pages 181-192.
  28. Jiarong Luo & Xu Chen, 2017. "Risk hedging via option contracts in a random yield supply chain," Annals of Operations Research, Springer, vol. 257(1), pages 697-719, October.
  29. Karl Inderfurth & Peter Kelle & Rainer Kleber, 2014. "The Effect of Material Price and Product Demand Correlations on Combined Sourcing and Inventory Management," FEMM Working Papers 140013, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
  30. Xu, Xinsheng & Ji, Ping & Chan, Felix T.S., 2022. "On maximizing a loss-averse buyer’s expected utility in a multi-sourcing problem," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 202(C), pages 388-404.
  31. Han, Bing & Zhang, Ying & Wang, Song & Park, Yongshin, 2023. "The efficient and stable planning for interrupted supply chain with dual‐sourcing strategy: a robust optimization approach considering decision maker's risk attitude," Omega, Elsevier, vol. 115(C).
  32. Tarun Jain & Jishnu Hazra, 2019. "“On-demand” pricing and capacity management in cloud computing," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 18(3), pages 228-246, June.
  33. Jain, Tarun & Hazra, Jishnu, 2017. "Dual sourcing under suppliers' capacity investments," International Journal of Production Economics, Elsevier, vol. 183(PA), pages 103-115.
  34. Güllü, Refik & Erkip, Nesim, 2024. "Risk pooling under demand and price uncertainty," European Journal of Operational Research, Elsevier, vol. 315(1), pages 120-129.
  35. Chen, Xu & Wan, Nana & Wang, Xiaojun, 2017. "Flexibility and coordination in a supply chain with bidirectional option contracts and service requirement," International Journal of Production Economics, Elsevier, vol. 193(C), pages 183-192.
  36. Liu, Zhongyi & Hua, Shengya & Zhai, Xin, 2020. "Supply chain coordination with risk-averse retailer and option contract: Supplier-led vs. Retailer-led," International Journal of Production Economics, Elsevier, vol. 223(C).
  37. Awudu, Iddrisu & Wilson, William & Dahl, Bruce, 2016. "Hedging strategy for ethanol processing with copula distributions," Energy Economics, Elsevier, vol. 57(C), pages 59-65.
  38. Jiarong Luo & Xu Chen & Chong Wang & Gaoxun Zhang, 2021. "Bidirectional options in random yield supply chains with demand and spot price uncertainty," Annals of Operations Research, Springer, vol. 302(1), pages 211-230, July.
  39. Liu, Shuai & Hua, Guowei & Cheng, T.C.E. & Dong, Jingxin, 2021. "Unmanned vehicle distribution capacity sharing with demand surge under option contracts," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 149(C).
  40. Wu, Xiaole & Kouvelis, Panos & Matsuo, Hirofumi & Sano, Hiroki, 2014. "Horizontal coordinating contracts in the semiconductor industry," European Journal of Operational Research, Elsevier, vol. 237(3), pages 887-897.
  41. Han Zhao & Hui Wang & Wei Liu & Shiji Song & Yu Liao, 2021. "Supply Chain Coordination with a Risk-Averse Retailer and the Call Option Contract in the Presence of a Service Requirement," Mathematics, MDPI, vol. 9(7), pages 1-19, April.
  42. Chung‐Yee Lee & Xi Li & Mingzhu Yu, 2015. "The loss‐averse newsvendor problem with supply options," Naval Research Logistics (NRL), John Wiley & Sons, vol. 62(1), pages 46-59, February.
  43. Svoboda, Josef & Minner, Stefan & Yao, Man, 2021. "Typology and literature review on multiple supplier inventory control models," European Journal of Operational Research, Elsevier, vol. 293(1), pages 1-23.
  44. Fu, Qi & Lee, Chung-Yee & Teo, Chung-Piaw, 2012. "Modified critical fractile approach for a class of partial postponement problems," International Journal of Production Economics, Elsevier, vol. 136(1), pages 185-193.
  45. Karl Inderfurth & Peter Kelle & Rainer Kleber, 2011. "Dual Sourcing Using Capacity Reservation and Spot Market: Optimal Procurement Policy and Heuristic Parameter Determination," FEMM Working Papers 110014, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
  46. Amorim, Pedro & Curcio, Eduardo & Almada-Lobo, Bernardo & Barbosa-Póvoa, Ana P.F.D. & Grossmann, Ignacio E., 2016. "Supplier selection in the processed food industry under uncertainty," European Journal of Operational Research, Elsevier, vol. 252(3), pages 801-814.
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