Advanced search
Publication Cover
IIE Transactions Volume 45, 2013 - Issue 8: Scheduling & Logistics
Submit an article Journal homepage
736
Views
35
CrossRef citations to date
0
Altmetric
ORIGINAL ARTICLES

Procurement risk management using capacitated option contracts with fixed ordering costs

Chung-Yee Lee Department of Industrial Engineering and Logistics Management, The Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong
,
Xi Li Department of Industrial Engineering and Logistics Management, The Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong
&
Yapeng Xie Department of Industrial Engineering and Logistics Management, The Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong
Pages 845-864 | Received 01 Aug 2010, Accepted 01 Sep 2011, Published online: 29 Apr 2013

Citations (35)

Keep up to date with the latest research on this topic with citation updates for this article.

Subscribe to citation updates

Read on this site (3)

Jianghua Zhang, Felix T. S. Chan & Xinsheng Xu. (2023) Data-driven analysis on optimal purchasing decisions in combined procurement. International Journal of Production Research 61:13, pages 4265-4278.
Read now
Chong Wang & Xu Chen. (2018) Joint order and pricing decisions for fresh produce with put option contracts. Journal of the Operational Research Society 69:3, pages 474-484.
Read now
Yadong Wang, Qiang Meng & Zhijia Tan. (2018) Short-term liner shipping bunker procurement with swap contracts. Maritime Policy & Management 45:2, pages 211-238.
Read now

Articles from other publishers (32)

Gongli Luo, Xiaoqing Liu & Felix T. S. Chan. (2023) Optimal Ordering Decisions in Portfolio Procurement Considering Spot Price Fluctuation. Sustainability 15:14, pages 11169.
Crossref
Xinsheng Xu, Ping Ji & Felix T.S. Chan. (2023) Retailers’ optimal ordering policies for a dual-sourcing procurement. Industrial Management & Data Systems 123:3, pages 1052-1072.
Crossref
Virendra Kumar Verma. 2023. Applications of Emerging Technologies and AI/ML Algorithms. Applications of Emerging Technologies and AI/ML Algorithms 325 334 .
Xinsheng Xu, Ping Ji & Felix T.S. Chan. (2022) On maximizing a loss-averse buyer’s expected utility in a multi-sourcing problem. Mathematics and Computers in Simulation 202, pages 388-404.
Crossref
Gerda Žigienė, Egidijus Rybakovas, Rimgailė Vaitkienė & Vaidas Gaidelys. (2022) Setting the Grounds for the Transition from Business Analytics to Artificial Intelligence in Solving Supply Chain Risk. Sustainability 14:19, pages 11827.
Crossref
Xinsheng Xu, Ping Ji & Felix T.S. Chan. (2022) Loss-averse buyers' optimal procurement decision in a multi-sourcing under e-commerce surroundings. Industrial Management & Data Systems 122:8, pages 1787-1815.
Crossref
Awi Federgruen, Zhe Liu & Lijian Lu. (2022) Dual sourcing: Creating and utilizing flexible capacities with a second supply source. Production and Operations Management 31:7, pages 2789-2805.
Crossref
Yemei Li, Yanfei Shan & Shuang Ling. (2022) Research on option pricing and coordination mechanism of festival food supply chain. Socio-Economic Planning Sciences 81, pages 101199.
Crossref
Changhua Liao & Qihui Lu. (2022) Coordinating a Three-Level Fresh Agricultural Product Supply Chain considering Option Contract under Spot Price Uncertainty. Discrete Dynamics in Nature and Society 2022, pages 1-19.
Crossref
Deng Jia & Chong Wang. (2022) Option Contracts in Fresh Produce Supply Chain with Freshness-Keeping Effort. Mathematics 10:8, pages 1287.
Crossref
Nana Wan, Li Li, Xiaozhi Wu & Jianchang Fan. (2022) Risk minimization inventory model with a profit target and option contracts under spot price uncertainty. Journal of Industrial and Management Optimization 18:4, pages 2827.
Crossref
Jianbin Li, Xueyuan Cai & Binbin LiJianbin Li, Xueyuan Cai & Binbin Li. 2022. Capacity Allocation Mechanisms and Coordination in Supply Chain Under Demand Competition. Capacity Allocation Mechanisms and Coordination in Supply Chain Under Demand Competition 169 212 .
Xin Chen & Menglong Li. (2021) M ♮ -Convexity and Its Applications in Operations . Operations Research 69:5, pages 1396-1408.
Crossref
Jiarong Luo, Xu Chen, Chong Wang & Gaoxun Zhang. (2021) Bidirectional options in random yield supply chains with demand and spot price uncertainty. Annals of Operations Research 302:1, pages 211-230.
Crossref
Peter Berling. (2021) A note generalizing “an option mechanism to coordinate a dyadic supply chain bilaterally in a multi-period setting”. Omega 101, pages 102257.
Crossref
Jianbin Li, Xiaomeng Luo, Qifei Wang & Weihua Zhou. (2021) Supply chain coordination through capacity reservation contract and quantity flexibility contract. Omega 99, pages 102195.
Crossref
Xinru Hou, Xinsheng Xu & Haibin Chen. (2020) Optimal Ordering Policy for Supply Option Contract with Spot Market. Mathematical Problems in Engineering 2020, pages 1-11.
Crossref
Mengchu Wu, Lijun Ma & Weili Xue. (2020) Order Timing for Manufacturers with Spot Purchasing Price Uncertainty and Demand Information Updating. Journal of Systems Science and Systems Engineering 29:6, pages 631-654.
Crossref
Katarina Eriksson. (2019) An option mechanism to coordinate a dyadic supply chain bilaterally in a multi-period setting. Omega 88, pages 196-209.
Crossref
Jiarong Luo, Xiaolin Zhang & Xianglan Jiang. (2019) Multisources Risk Management in a Supply Chain under Option Contracts. Mathematical Problems in Engineering 2019, pages 1-12.
Crossref
Nana Wan & Xu Chen. (2019) The role of put option contracts in supply chain management under inflation. International Transactions in Operational Research 26:4, pages 1451-1474.
Crossref
Nana Wan & Xiaozhi Wu. (2019) Option ordering and coordination strategies for a two-periodsupply chain. Kybernetes 48:3, pages 471-495.
Crossref
Nana Wan & Xu Chen. (2018) Multi-period dual-sourcing replenishment problem with option contracts and a spot market. Industrial Management & Data Systems 118:4, pages 782-805.
Crossref
Edward Anderson, Bo Chen & Lusheng Shao. (2017) Supplier Competition with Option Contracts for Discrete Blocks of Capacity. Operations Research 65:4, pages 952-967.
Crossref
Chong Wang & Xu Chen. (2016) Option pricing and coordination in the fresh produce supply chain with portfolio contracts. Annals of Operations Research 248:1-2, pages 471-491.
Crossref
Nana Wan & Xu Chen. (2016) Multiperiodic Procurement Problem with Option Contracts under Inflation. Mathematical Problems in Engineering 2016, pages 1-11.
Crossref
Chung-Yee Lee, Xi Li & Mingzhu Yu. (2015) The loss-averse newsvendor problem with supply options. Naval Research Logistics (NRL) 62:1, pages 46-59.
Crossref
Qiang MengYadong WangYuquan Du. (2015) Bunker Procurement Planning for Container Liner Shipping Companies. Transportation Research Record: Journal of the Transportation Research Board 2479:1, pages 60-68.
Crossref
Nana Wan & Xu Chen. (2015) Supply Chain Bilateral Coordination with Option Contracts under Inflation Scenarios. Discrete Dynamics in Nature and Society 2015, pages 1-16.
Crossref
Wanshan Zhu & Zhengping Wu. (2014) The stochastic ordering of mean-preserving transformations and its applications. European Journal of Operational Research 239:3, pages 802-809.
Crossref
Xin Chen & Menglong Li. (2019) M-natural-Convexity and its Applications in Operations. SSRN Electronic Journal.
Crossref
Awi Federgruen, Zhe Liu & Lijian Lu. (2017) A General Model for Inventory Management with Dual Sources: Trading Off Lead Time and Cost Differences. SSRN Electronic Journal.
Crossref

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.