Using put option contracts in supply chains to manage demand and supply uncertainty.
Jiarong LuoXiaolin ZhangChong WangPublished in: Ind. Manag. Data Syst. (2018)
Keyphrases
- supply chain
- demand forecasting
- dual sourcing
- lead time
- inventory management
- bullwhip effect
- capacity planning
- inventory control
- uncertain demand
- supply chain management
- operating costs
- planning horizon
- production capacity
- customer demand
- inventory policy
- safety stock
- market demand
- risk management
- revenue sharing
- decision making
- demand uncertainty
- product life cycle
- distribution network
- multi period
- supplier selection
- inventory models
- single period
- discrete event simulation
- lot sizing
- capacity expansion
- economic order quantity
- electricity markets
- single item
- total cost
- robust optimization
- dynamic pricing
- business processes
- inventory systems
- real option
- stochastic demand