基于期权思想的回购契约对零售商最优决策影响  

Influence of Buyback Contract with Options on Optimal Decision of Retailer

作　　者：梁罗[1] 盛方正[1,2] 

机构地区：[1]上海交通大学安泰经济与管理学院,上海200052 [2]上海市电力公司,上海200135

出　　处：《系统管理学报》2010年第4期397-401,共5页Journal of Systems & Management

摘　　要：将期权的思想应用于回购契约的研究,同时在供应链中考虑了存在实时市场的情况。指出了期权回购契约是普通回购契约的推广,证明了期权回购契约下零售商的利润期望函数是最优决策变量的联合凹函数,并求出决策变量解析解。比较了在期权回购契约、不存在退货期权以及普通回购契约情况下最优决策变量以及最大的利润期望的大小,说明了期权回购契约下零售商可以获得最大的期望利润。Applying the options in the research of buyback contract.and considering spot market in the supply chain.this paper points out that the buyback contract with options is a generalization of the average buyback contract.proves that the expectation profit function of retailer with buyback contract of options is joint concave function of the decision variables.and gets the analytical solution.the paper compares the optimal strategy in circumstances of with and without buyback options and the average buyback contract.and shows that with the options,the retailer can get the most expectation profit.With simulation and calculation,The paper demonstrates the applicability of the conclusion.

关 键 词：回购合同 实时市场 最优化 风险管理 期权 

分 类 号：F252.21[经济管理—国民经济]