314
Views
31
CrossRef citations to date
0
Altmetric
Articles

Joint order and pricing decisions for fresh produce with put option contracts

&
Pages 474-484 | Received 16 Feb 2016, Accepted 20 Mar 2017, Published online: 16 Jan 2018

References

  • Akkerman, R., Farahani, P., & Grunow, M. (2010). Quality, safety and sustainability in food distribution: A review of quantitative operations management approaches and challenges. OR Spectrum, 32(4), 863–904.
  • Bagnoli, M., & Bergstrom, T. (2005). Log-concave probability and its applications. Economic Theory, 26(2), 445–469.
  • Bai, R., Burke, E. K., & Kendall, G. (2008). Heuristic, meta-heuristic and hyper-heuristic approaches for fresh produce inventory control and shelf space allocation. Journal of the Operational Research Society, 59(10), 1387–1397.
  • Barnes-Schuster, D., Bassok, Y., & Anupindi, R. (2002). Coordination and flexibility in supply contracts with options. Manuacturing & Service Operations Management, 4(3), 171–207.
  • Cachon, G. P. (2003). Supply chain coordination with contracts. Handbooks in Operations Research and Management Science, 11(1), 227–339.
  • Cai, X., Chen, J., Xiao, Y., & Xu, X. (2010). Optimization and coordination of fresh product supply chains with freshness-keeping effort. Production and Operations Management, 19(3), 261–278.
  • Chen, F., & Parlar, M. (2007). Value of a put option to the risk-averse newsvendor. IIE Transactions, 39(5), 481–500.
  • Chen, X., Hao, G., & Li, L. (2014). Channel coordination with a loss-averse newsvendor and option contracts. International Journal of Production Economics, 150(1), 52–57.
  • Chen, X., & Shen, Z. J. (2012). An analysis of a supply chain with options contracts and service requirements. IIE Transactions, 44(10), 805–819.
  • Chen, X., & Wang, X. (2015). Free or bundled: channel selection decisions under different power structures. Omega-International Journal of Management Science, 53(1), 11–20.
  • Chen, X., Wang, X., & Jiang, X. (2016). The impact of power structure on the retail service supply chain with an O2O mixed channel. Journal of the Operational Research Society, 67(2), 294–301.
  • Fu, Q., Zhou, S. X., Chao, X., & Lee, C. Y. (2012). Combined pricing and portfolio option procurement. Production and Operations Management, 21(2), 361–377.
  • Hu, F., Lim, C. C., & Lu, Z. (2014). Optimal production and procurement decisions in a supply chain with an option contract and partial backordering under uncertainties. Applied Mathematics and Computation, 232(1), 1225–1234.
  • Hua, Z., Li, S., & Liang, L. (2006). Impact of demand uncertainty on supply chain cooperation of single-period products. International Journal of Production Economics, 100(2), 268–284.
  • Lee, C. Y., Li, X., & Xie, Y. (2013). Procurement risk management using capacitated option contracts with fixed ordering costs. IIE Transactions, 45(8), 845–864.
  • Liang, L., Wang, X., & Gao, J. (2012). An option contract pricing model of relief material supply chain. Omega-International Journal of Management Science, 40(5), 594–600.
  • Liu, C., Jiang, Z., Liu, L., & Geng, N. (2013). Solutions for flexible container leasing contracts with options under capacity and order constraints. International Journal of Production Economics, 141(1), 403–413.
  • Liu, G., Zhang, J., & Tang, W. (2015). Joint dynamic pricing and investment strategy for perishable foods with price-quality depen-dent demand. Annals of Operations Research, 226(1), 397–416.
  • Lowe, T. J. & Preckel, P. V. (2004). Decision technologies for agribusiness problems: A brief review of selected literature and a call for research. Manuacturing & Service Operations Management, 6(3), 201–208.
  • Luo, J. & Chen, X. (2015). Risk hedging via option contracts in a random yield supply chain. Annals of Operations Research. doi:10.1007/s10479-015-1964-8.
  • Marzban, S., Mahootchi, M., & Khamseh, A. A. (2015). Developing a multi-period robust optimization model considering American style options. Annals of Operations Research, 233(1), 305–320.
  • Merzifonluoglu, Y. (2017). Integrated demand and procurement portfolio management with spot market volatility and option contracts. European Journal of Operational Research, 258(1), 181–192.
  • Mills, E. S. (1959). Uncertainty and price theory. The Quarterly Journal of Economics, 73(1), 116–130.
  • Milner, J. M., & Rosenblatt, M. J. (2002). Flexible supply contracts for short life-cycle goods: The buyer’s perspective. Naval Research Logistics, 49(1), 25–45.
  • Nagali, V., Hwang, J., Sanghera, D., Gaskins, M., Pridgen, M., Thurston, T., … Shoemaker, G. (2008). Procurement risk management (PRM) at Hewlett-Packard company. Interfaces, 38(1), 51–60.
  • National Bureau of Statistics of China (2014). National data 2013. Retrieved from http://data.stats.gov.cn/english/easyquery.htm?cn=C01
  • Nosoohi, I., & Nookabadi, A. S. (2014). Designing a supply contract to coordinate supplier’s production, considering customer oriented production. Computers & Industrial Engineering, 74(1), 26–36.
  • Nosoohi, I., & Nookabadi, A. S. (2016). Outsource planning through option contracts with demand and cost uncertainty. European Journal of Operational Research, 250(1), 131–142.
  • Petruzzi, N. C., & Dada, M. (1999). Pricing and the newsvendor problem: A review with extensions. Operations Research, 47(2), 183–194.
  • Qin, Y., Wang, J., & Wei, C. (2014). Joint pricing and inventory control for fresh produce and foods with quality and physical quantity deteriorating simultaneously. International Journal of Production Economics, 152(1), 42–48.
  • Shukla, M., & Jharkharia, S. (2013). Agri-fresh produce supply chain management: A state-of-the-art literature review. International Journal of Operations and Production Management, 33(2), 114–158.
  • Soto-Silva, W. E., Nadal-Roig, E., González-Araya, M. C., & Pla-Aragones, L. M. (2016). Operational research models applied to the fresh fruit supply chain. European Journal of Operational Research, 251(2), 345–355.
  • Treville, S., Schürhoff, N., Trigeorgis, L., & Avanzi, B. (2014). Optimal sourcing and lead-time reduction under evolutionary demand risk. Production and Operations Management, 23(12), 2103–2117.
  • Wang, C., & Chen, X. (2013). Option contracts in fresh produce supply chain with circulation loss. Journal of Industrial Engineering and Management, 6(1), 104–112.
  • Wang, C., & Chen, X. (2015). Optimal ordering policy for a price-setting newsvendor with option contracts under demand uncertainty. International Journal of Production Research, 53(20), 6279–6293.
  • Wang, C., & Chen, X. (2017). Option pricing and coordination in the fresh produce supply chain with portfolio contracts. Annals of Operations Research, 248(1), 471–491.
  • Wang, Q., & Tsao, D. B. (2006). Supply contract with bidirectional options: the buyer’s perspective. International Journal of Production Economics, 101(1), 30–52.
  • Wu, D. J., & Kleindorfer, P. R. (2005). Competitive options, supply contracting, and electronic markets. Management Science, 51(3), 452–466.
  • Wu, Q., Mu, Y., & Feng, Y. (2015). Coordinating contracts for fresh product outsourcing logistics channels with power structures. International Journal of Production Economics, 160(1), 94–105.
  • Xiao, Y., & Chen, J. (2012). Supply chain management of fresh products with producer transportation. Decision Sciences, 43(5), 785–815.
  • Xue, W., Ma, L., & Shen, H. (2015). Optimal inventory and hedging decisions with CVaR consideration. International Journal of Production Economics, 162(1), 70–82.

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:

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:

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.