Integrated demand and procurement portfolio management with spot market volatility and option contracts

DOI10.1016/j.ejor.2016.08.052zbMath1380.90018OpenAlexW2511951925MaRDI QIDQ1698897

Yasemin Merzifonluoğlu

Publication date: 16 February 2018

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ejor.2016.08.052

zbMATH Keywords

supply chain managementprocurement managementdemand managementspot marketsstochastic Knapsack problem

Mathematics Subject Classification ID

Stochastic programming (90C15) Transportation, logistics and supply chain management (90B06) Inventory, storage, reservoirs (90B05) Derivative securities (option pricing, hedging, etc.) (91G20) Consumer behavior, demand theory (91B42) Portfolio theory (91G10)

Related Items (8)

Optimal ordering policy for supply option contract with spot market ⋮ Coordinating a three-level fresh agricultural product supply chain considering option contract under spot price uncertainty ⋮ On maximizing a loss-averse buyer's expected utility in a multi-sourcing problem ⋮ Are quantity flexibility contracts with discounts in the presence of spot market procurement relevant for the humanitarian supply chain? An exploration ⋮ Evaluation of sourcing contracts in wood supply procurement using simulation ⋮ Supply option contracts with spot market and demand information updating ⋮ Procurement portfolio planning for a newsvendor with supplier delivery uncertainty ⋮ Risk minimization inventory model with a profit target and option contracts under spot price uncertainty

Cites Work

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• The static stochastic knapsack problem with normally distributed item sizes
• Market selection decisions for inventory models with price-sensitive demand
• A multiobjective metaheuristic for a mean-risk static stochastic knapsack problem
• Optimal procurement strategies for online spot markets.
• Target market selection and marketing effort under uncertainty: the selective newsvendor
• The Sample Average Approximation Method for Stochastic Discrete Optimization
• Competition in the Supply Option Market
• Supply chain operations in the presence of a spot market: a review with discussion
• A selective newsvendor approach to order management

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