设计供应合同:现在购买、储备和观望

Jen-Yi Chen, M. Dada, Qiaohai Hu
{"title":"设计供应合同:现在购买、储备和观望","authors":"Jen-Yi Chen, M. Dada, Qiaohai Hu","doi":"10.1080/0740817X.2015.1110649","DOIUrl":null,"url":null,"abstract":"ABSTRACT We consider three types of purchase contracts a manufacturer could offer in order to maximize its profit when supplying a retailer that uses responsive pricing to sell in an uncertain market: buy-now before the selling season starts, reserve stock for possible future purchase, and wait-and-see the market before making purchases. The existing literature has shown that adding a recourse purchase—i.e., the wait-and-see alternative—is always beneficial for the retailer who faces an uncertain demand. We find that this is not necessarily the case for the manufacturer who supplies the retailer, as its optimal contract mix depends on the market uncertainty as well as its production characteristics. The manufacturer should offer only the buy-now alternative if its recourse production is much more costly than advance production. As the recourse production cost decreases, the manufacturer should add a second contract to the portfolio: initially the reserve contract and then the wait-and-see contract. However, when the recourse production is cheaper than advance production, the manufacturer should drop the buy-now contract from the mix. As such, it is only in a small region, which shrinks with decreasing uncertainty in demand, that the manufacturer finds it optimal to offer all three purchasing alternatives.","PeriodicalId":13379,"journal":{"name":"IIE Transactions","volume":"48 1","pages":"881 - 900"},"PeriodicalIF":0.0000,"publicationDate":"2016-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/0740817X.2015.1110649","citationCount":"5","resultStr":"{\"title\":\"Designing supply contracts: buy-now, reserve, and wait-and-see\",\"authors\":\"Jen-Yi Chen, M. Dada, Qiaohai Hu\",\"doi\":\"10.1080/0740817X.2015.1110649\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"ABSTRACT We consider three types of purchase contracts a manufacturer could offer in order to maximize its profit when supplying a retailer that uses responsive pricing to sell in an uncertain market: buy-now before the selling season starts, reserve stock for possible future purchase, and wait-and-see the market before making purchases. The existing literature has shown that adding a recourse purchase—i.e., the wait-and-see alternative—is always beneficial for the retailer who faces an uncertain demand. We find that this is not necessarily the case for the manufacturer who supplies the retailer, as its optimal contract mix depends on the market uncertainty as well as its production characteristics. The manufacturer should offer only the buy-now alternative if its recourse production is much more costly than advance production. As the recourse production cost decreases, the manufacturer should add a second contract to the portfolio: initially the reserve contract and then the wait-and-see contract. However, when the recourse production is cheaper than advance production, the manufacturer should drop the buy-now contract from the mix. As such, it is only in a small region, which shrinks with decreasing uncertainty in demand, that the manufacturer finds it optimal to offer all three purchasing alternatives.\",\"PeriodicalId\":13379,\"journal\":{\"name\":\"IIE Transactions\",\"volume\":\"48 1\",\"pages\":\"881 - 900\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2016-03-16\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://sci-hub-pdf.com/10.1080/0740817X.2015.1110649\",\"citationCount\":\"5\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"IIE Transactions\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1080/0740817X.2015.1110649\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"IIE Transactions","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/0740817X.2015.1110649","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 5

摘要

在一个不确定的市场中,当一个零售商使用响应式定价进行销售时,为了使制造商的利润最大化,我们考虑了三种类型的采购合同:在销售季节开始之前立即购买,为可能的未来购买储备库存,以及在购买之前观望市场。现有文献表明,增加追索权购买-即。对于面临不确定需求的零售商来说,观望总是有利的。我们发现,对于向零售商供货的制造商来说,情况并非如此,因为其最优合同组合取决于市场不确定性及其生产特性。如果追索权生产比预先生产成本高得多,制造商应该只提供立即购买的选择。随着追索权生产成本的降低,制造商应该在投资组合中增加第二个合同:最初是储备合同,然后是观望合同。然而,当追索权生产比预先生产更便宜时,制造商应从组合中放弃立即购买合同。因此,只有在一个随着需求不确定性的减少而缩小的小区域,制造商才会发现提供所有三种购买选择是最优的。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
Designing supply contracts: buy-now, reserve, and wait-and-see
ABSTRACT We consider three types of purchase contracts a manufacturer could offer in order to maximize its profit when supplying a retailer that uses responsive pricing to sell in an uncertain market: buy-now before the selling season starts, reserve stock for possible future purchase, and wait-and-see the market before making purchases. The existing literature has shown that adding a recourse purchase—i.e., the wait-and-see alternative—is always beneficial for the retailer who faces an uncertain demand. We find that this is not necessarily the case for the manufacturer who supplies the retailer, as its optimal contract mix depends on the market uncertainty as well as its production characteristics. The manufacturer should offer only the buy-now alternative if its recourse production is much more costly than advance production. As the recourse production cost decreases, the manufacturer should add a second contract to the portfolio: initially the reserve contract and then the wait-and-see contract. However, when the recourse production is cheaper than advance production, the manufacturer should drop the buy-now contract from the mix. As such, it is only in a small region, which shrinks with decreasing uncertainty in demand, that the manufacturer finds it optimal to offer all three purchasing alternatives.
求助全文
通过发布文献求助,成功后即可免费获取论文全文。 去求助
来源期刊
IIE Transactions
IIE Transactions 工程技术-工程:工业
自引率
0.00%
发文量
0
审稿时长
4.5 months
期刊最新文献
EOV Focus Area Editorial Boards Strategic health workforce planning Efficient computation of the likelihood expansions for diffusion models An introduction to optimal power flow: Theory, formulation, and examples An integrated failure mode and effect analysis approach for accurate risk assessment under uncertainty
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1