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- W2374157064 abstract "This paper develops three-stage production and ordering models to discuss supply chain coordination mechanisms with options under demand information updating.At the first stage,the retailer makes decisions on fixed order and option quantities,and then at the second stage,which begins with demand information updating,the retailer respectively makes adjustments to them.In the third stage, the demand will be realized;if there is shortage,it will be satisfied first through exercising option contract, and second by invoking an urgent order.The option contracts consist of two option prices,an exercise price,and a wholesale price under the urgent order.Both of the latter two can be expressed as binary implicit functions of the two option prices.We simulate the three-stage production and ordering mode with option contracts,and find that and both the system profit and the two members' profit have got Pareto improvement,and the option prices and the proportionality factor between them play an important role on decisions of ordering quantities and the allocation of the extra system profit.Moreover,both a smaller first-stage option price and a higher second-stage option price will bring motive for the manufacturer to speculate;to posses some negation power is the just rational choice of the retailer." @default.
- W2374157064 created "2016-06-24" @default.
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- W2374157064 date "2013-01-01" @default.
- W2374157064 modified "2023-09-25" @default.
- W2374157064 title "Three-stage supply chain coordination mechanisms with options under demand forecast information updating" @default.
- W2374157064 hasPublicationYear "2013" @default.
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