销售商出售看跌期权的供应链优化研究

doi:10.12005/orms.2018.0029

运筹与管理 ›› 2019, Vol. 28 ›› Issue (2): 23-29.DOI: 10.12005/orms.2018.0029

销售商出售看跌期权的供应链优化研究

曲佳莉¹, 胡本勇², 陈旭²

1. 西华大学管理学院,四川成都 610039;
2. 电子科技大学经济与管理学院,四川成都 611731

收稿日期:2015-04-03 出版日期:2019-02-25
作者简介:曲佳莉(1984-),女,四川南充人,讲师,博士,博士后,研究方向:供应链实证与优化、公司财务;胡本勇(1974-),男,河南息县人,博士,副教授,研究方向:供应链决策与优化分析。
基金资助:
国家社会科学基金一般项目(18BGL108);中国高校基本科研业务费项目(ZYGX2012J122)

Optimization of Supply Chain with Put Option Contracts from Retailer

QU Jia-li¹, HU Ben-yong², CHEN Xu²

1. School of Management, Xihua University, Chengdu 610039, China;
2. School of Economics and Management, University of Electronic Science and Technology of China, Chengdu 611731, China

Received:2015-04-03 Online:2019-02-25

摘要/Abstract

摘要： 在由一个供应商和一个销售商组成的单期两级供应链中,处于主导地位的销售商以其卖场所具有的销售能力参与供应链合作,并从销售的每一个产品中获取既定收益。同时,销售商还向供应商出售建立在产品销售量保障基础上的看跌期权,以激励供应商参与供应链合作。论文对上述情形的销售商出售看跌期权的供应链合作问题进行了研究,通过建模与优化分析,证明了在销售商提供看跌期权的供应链合作中,供应商存在唯一的最优生产批量和看跌期权采购量,以及销售商存在最优的从每一单位产品销售中获取的既定收益。论文还揭示了销售商提供看跌期权,虽然无法实现供应链协调,但可以实现供应链参与企业所获得的收益与其所承担的风险相匹配。最后,论文论证了在销售商出售看跌期权机制下,供应链存在收益损失较小的理想合作区域。

关键词: 看跌期权, 收益与风险匹配, 销售商主导, 供应链管理

Abstract: In a one-period two-party supply chain with one supplier and one dominant retailer, the retailer provides a put option to the supplier, and gets given revenue per unit of product. We model the put option contracts for the supply chain. From the model optimization analysis, we firstly obtain the supplier's optimal product quantity and the optimal order quantity of the put option, and the retailer's optimal revenue per unit of product. Then we show that, though the put option contracts can not coordinate the supply chain, they can match the revenue and risk between the supplier and the retailer in the supply chain. We also reveal that, comparing with the wholesale price contracts, the supply chain cooperation mechanism with put option contracts has Pareto cooperation advantage. Finally, this study also reveals that the supply chain's ideal cooperation scheme exists in the decentralized decision situation in the supply chain with a put option contracts, which will reduce the loss of the supply chain's revenue.

Key words: put option, matching revenue and risk, dominant retailer, supply chain management

中图分类号:

F273

曲佳莉, 胡本勇, 陈旭. 销售商出售看跌期权的供应链优化研究[J]. 运筹与管理, 2019, 28(2): 23-29.

QU Jia-li, HU Ben-yong, CHEN Xu. Optimization of Supply Chain with Put Option Contracts from Retailer[J]. Operations Research and Management Science, 2019, 28(2): 23-29.

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销售商出售看跌期权的供应链优化研究

Optimization of Supply Chain with Put Option Contracts from Retailer

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