Quantity flexibility contracts: Optimal decisions with information updates
文献类型:期刊论文
作者 | Sethi, SP; Yan, HM; Zhang, HQ![]() |
刊名 | DECISION SCIENCES
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出版日期 | 2004-09-01 |
卷号 | 35期号:4页码:691-712 |
ISSN号 | 0011-7315 |
英文摘要 | We study single and multiperiod quantity flexibility contracts involving one demand forecast update in each period and a spot market. We obtain the optimal order quantity at the beginning of a period and order quantities on contract and from the spot market at the then prevailing price after the forecast revision and before the demand materialization. The amount that can be purchased on contract is bounded by a given flexibility limit. We discuss the impact of the forecast quality and the level of flexibility on the optimal decisions and managerial insights behind the results. |
WOS研究方向 | Business & Economics |
语种 | 英语 |
WOS记录号 | WOS:000224337200005 |
出版者 | WILEY-BLACKWELL |
源URL | [http://ir.amss.ac.cn/handle/2S8OKBNM/707] ![]() |
专题 | 应用数学研究所 |
通讯作者 | Sethi, SP |
作者单位 | 1.Univ Texas, Sch Management, Richardson, TX 75083 USA 2.Chinese Univ Hong Kong, Shatin, Hong Kong, Peoples R China 3.Acad Sinica, Acad Math & Syst Sci, Inst Appl Math, Beijing 100080, Peoples R China |
推荐引用方式 GB/T 7714 | Sethi, SP,Yan, HM,Zhang, HQ. Quantity flexibility contracts: Optimal decisions with information updates[J]. DECISION SCIENCES,2004,35(4):691-712. |
APA | Sethi, SP,Yan, HM,&Zhang, HQ.(2004).Quantity flexibility contracts: Optimal decisions with information updates.DECISION SCIENCES,35(4),691-712. |
MLA | Sethi, SP,et al."Quantity flexibility contracts: Optimal decisions with information updates".DECISION SCIENCES 35.4(2004):691-712. |
入库方式: OAI收割
来源:数学与系统科学研究院
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