Option Pricing with Downward-Sloping Demand Curves: The Case of Supply Chain Options.
Apostolos BurnetasPeter H. RitchkenPublished in: Manag. Sci. (2005)
Keyphrases
- supply chain
- option pricing
- bullwhip effect
- inventory management
- lead time
- inventory control
- capacity planning
- supply chain management
- stock price
- uncertain demand
- operating costs
- planning horizon
- customer demand
- decision analysis
- cost savings
- black scholes model
- inventory policy
- service level
- demand uncertainty
- pricing model
- decision making
- lot sizing
- real option
- multi period
- non stationary
- product life cycle
- pricing mechanism
- stock market
- lost sales
- graphical models
- infinite horizon