两阶段实物期权的供应链模型研究

在一个单期、两级供应链中供应商和销售商共同开发投资一种新型产品,在此情况下,本文分别对不考虑期权和引入期权两种情况进行分析:考虑期权的情况下,在投资和销售两阶段分别引入投资延迟期权和销售量担保期权,通过对模型分析与求解发现,销售商通过购买期权将风险部分转移给供应商,供应商获得风险补偿的同时,由于承担了更多的风险将谨慎投资,从而使供应链整体风险得到有效控制,并且实现资金的有效配置。

Study on Supply Chain Model Based on Two-stage Real Option

When suppliers and venders together develop and invest in a new product,there are two cases in single period and two-stage supply chain-trading with or without options.In this paper,the overall objective of this study is to analyze the two situations.When considering options,waiting-to-invest options and sales volume surety-options are introduced into both investment stage and sale stage separately.Through the analysis and the calculation of the model,it is concluded that venders' purchase of options cause ...