Technical Note—Optimal Inventory Policy in the Presence of a Long-Term Supplier and a Spot Market

DOI10.1287/opre.1120.1114zbMath1267.90012OpenAlexW1970656418MaRDI QIDQ5301113

Jian Yang, Weili Xue, Youhua (Frank) Chen

Publication date: 2 July 2013

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/opre.1120.1114

zbMATH Keywords

Markov processinventory controlspot pricecontract supplier

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

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Optimal ordering policy for supply option contract with spot market ⋮ A newsvendor problem with markup pricing in the presence of within-period price fluctuations ⋮ Inventory control in dual sourcing commodity procurement with price correlation ⋮ 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 ⋮ Buy now and price later: supply contracts with time-consistent mean-variance financial hedging

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