基于滑动价格保值条款的供应链汇率风险管理

基于一个使用批发价契约的跨国供应链,构建了一个滑动价格保值条款来实现上下游节点企业绩效的改进。研究结果表明:当汇率对零售商不利时,降低批发价格会促使零售商订购更多商品;当汇率对零售商有利时,提高批发价格会提升供应商的绩效;滑动价格保值条款对批发价格的修正幅度与上下游企业的期望利润正相关。最后通过算例分析揭示了滑动价格保值条款的管理意义。

Management of Exchange Rate Risk in Supply Chain Based on Sliding Price Clause

Based on a two-level global supply chain with wholesale price contract, this paper studies how to achieve the Pareto improvement of upstream and downstream firms in global supply chain by designing a sliding price clause. The result shows as follows：decreasing wholesale price when exchange rate is advantageous to the retailer could promote the retailer to order more products;while increasing wholesale price when the exchange rate is disadvantageous to the retailer could increase the expected profit of the manufacturer ; the sliding price clause could increase the optimal order quantity;the adjusting range have positive relations with the expected profits of the retailer and the manufacturers. By the example analysis,it studies the management significance of the sliding price clause.