林浆纸供应链协同决策的三阶段期权博弈模型  

Three-stage real options game model for pulp and paper supply chain coordination

作　　者：王虹[1] 张智光[1] 

机构地区：[1]南京林业大学经济管理学院,环境与发展系统工程研究所,江苏南京210037

出　　处：《南京林业大学学报（自然科学版）》2013年第5期91-96,共6页Journal of Nanjing Forestry University：Natural Sciences Edition

基　　金：国家自然科学基金项目(70873059);"十一五"国家科技支撑计划(2006BAD32B08);江苏省教育厅高校哲学社会科学基金项目(2011SJB630033);江苏省博士后科研资助计划项目(1101105C);中国博士后科学基金(2011M500932)

摘　　要：在林浆纸供应链的发展中,营林企业与制浆造纸企业的紧密合作是实现供应链稳定的关键。笔者在考虑林浆纸供应链特征的基础上,采用实物期权理论构建营林企业与制浆造纸企业的Stackelberg期权博弈模型,并对营林企业期权定价决策、制浆造纸企业的期权购买决策和执行决策进行探讨。研究表明,实物期权契约可以保证制浆造纸企业的原料供应,同时在一定程度上也能降低营林企业的风险,增加营林企业的利润。With the development of pulp and paper supply chain, the close cooperation between the forest company and the pulp and paper company is the key factor for the stability of supply chain. Under consideration of the characteristics of pulp and paper supply chain, this paper proposed a staekelberg real options game model based on the real options the- ory. The options pricing decisions of the forest company and the reservations and execution number decisions of the pulp and paper company were analyzed. Studies show that the real options contract can ensure the supply of raw materials for the pulp and paper company. And it can reduce the risk of the forest company and increase the profit of the forest com- puny

关 键 词：林浆纸供应链 期权博弈 实物期权 协同 

分 类 号：F272.3[经济管理—企业管理]