Quantity flexibility contracts: Optimal decisions with information updates

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	Quantity flexibility contracts: Optimal decisions with information updates
	Sethi, SP ; Yan, HM ; Zhang, HQ
	2004-09-01
发表期刊	DECISION SCIENCES
ISSN	0011-7315
卷号	35 期号:4 页码:691-712
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.
语种	英语
WOS研究方向	Business & Economics
WOS类目	Management
WOS记录号	WOS:000224337200005
出版者	WILEY-BLACKWELL
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/708
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.