Impact of risk aversion on optimal decisions in supply contracts

doi:10.1016/j.ijpe.2010.04.049

CSpace

	Impact of risk aversion on optimal decisions in supply contracts
	Wu, Jun 1; Wang, Shouyang 2; Chao, Xiuli 3; Ng, C. T.4; Cheng, T. C. E.1,4
	2010-12-01
发表期刊	INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
ISSN	0925-5273
卷号	128 期号:2 页码:569-576
摘要	We introduce the concept of conditional value-at-risk as the evaluation criterion in a supply contract model. We first derive the manufacturer's optimal decisions and then analyze the impact of risk aversion on the manufacturer's decisions. We follow by conducting numerical experiments to observe how the manufacturer's risk attitude affects his decisions. We obtain results that characterize the explicit relationship between the manufacturer's risk attitude and his optimal decisions. We also show the dependence of the decision variables on the price and cost parameters, which is seldom given in the literature. (C) 2010 Elsevier B.V. All rights reserved.
关键词	Supply chain management Risk analysis Conditional value-at-risk
DOI	10.1016/j.ijpe.2010.04.049
语种	英语
资助项目	NSFC[70228001] ; Program for New Century Excellent Talents in University[NCET-08-0740] ; Fundamental Research Funds for the Central Universities[2009RC1004] ; NSF[DMI-0200306] ; Hong Kong Polytechnic University[G-U717]
WOS研究方向	Engineering ; Operations Research & Management Science
WOS类目	Engineering, Industrial ; Engineering, Manufacturing ; Operations Research & Management Science
WOS记录号	WOS:000284967500012
出版者	ELSEVIER SCIENCE BV
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/10625
专题	中国科学院数学与系统科学研究院
通讯作者	Cheng, T. C. E.
作者单位	1.Beijing Univ Posts & Telecommun, Sch Econ & Management, Beijing 100876, Peoples R China 2.Chinese Acad Sci, Inst Syst Sci, Acad Math & Syst Sci, Beijing 100080, Peoples R China 3.Univ Michigan, Dept Ind & Operat Engn, Ann Arbor, MI 48109 USA 4.Hong Kong Polytech Univ, Dept Logist & Maritime Studies, Kowloon, Hong Kong, Peoples R China
推荐引用方式 GB/T 7714	Wu, Jun,Wang, Shouyang,Chao, Xiuli,et al. Impact of risk aversion on optimal decisions in supply contracts[J]. INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS,2010,128(2):569-576.
APA	Wu, Jun,Wang, Shouyang,Chao, Xiuli,Ng, C. T.,&Cheng, T. C. E..(2010).Impact of risk aversion on optimal decisions in supply contracts.INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS,128(2),569-576.
MLA	Wu, Jun,et al."Impact of risk aversion on optimal decisions in supply contracts".INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS 128.2(2010):569-576.