使用货币期权的跨国供应链退货契约研究  

Research on the Return Contract with Currency Options for Global Supply Chain

作　　者：荆鹿[1] 赵正佳[1] 

机构地区：[1]西南交通大学经济管理学院,成都610031

出　　处：《管理评论》2013年第5期167-176,共10页Management Review

基　　金：国家社会科学基金项目(10BGL023);教育部人文社会科学研究项目(08JA630071)

摘　　要：研究了在浮动汇率体系下,当市场环境为价格依赖需求时,在退货契约中使用货币期权来协调跨国供应链的问题。在价格依赖乘法模型中的随机变量为均匀分布时,建立了使用货币期权来购买退货款的退货契约模型,给出了在这种情况下零售商的最优零售价格与最优订货量,以及供应商的最优批发价格与最优退货价格。通过数值仿真分析发现:在跨国供应链中,使用退货契约结合货币期权,能使供应商与零售商的期望利润增加。The problem of the return contract with currency options for the global supply chain under the floating exchange rate system is studied with price-dependent market demand. Under the price-dependent multiplication demand which random variable is uniformly distributed, building the model for the return contract of the global supply chain in which the currency options is used for the return cash. The retailer＇s optimal retail price and the optimal order quantity, as well as the supplier＇s optimal wholesale price and optimal returns price are obtained. It is found that the return contract with currency options will make the supplier and retailer＇s expected profit increase under the floating exchange rate system by the way of numerical simulation.

关 键 词：跨国供应链 退货契约 价格依赖需求 货币期权 

分 类 号：F224[经济管理—国民经济] F276.7F274