基于实物期权理论的零售产品最优库存管理  

Optimal Inventory Management of Retail Products Based on Real Options Theory

作　　者：曹亚军[1] 陈治国 朱汉东 CAO Ya-jun;CHEN Zhi-guo;ZHU Han-dong(AVIC Optronics,Luoyang 471009,China;Wuhan Bureau of Navy Equipment,Wuhan 430064,China;Price Evaluation Center of Air Force Equipment Department,Beijing 100843,China)

机构地区：[1]中国航空工业集团公司洛阳电光设备研究所,洛阳471009 [2]海装武汉局,武汉430064 [3]空军装备部审价中心,北京100843

出　　处：《价值工程》2020年第28期66-68,共3页Value Engineering

摘　　要：本文介绍了一种基于实物期权理论来讨论零售商最佳库存水平的方法。本文中产品价格以及产品市场需求随时间的变化由相互关联的几何布朗运动来刻画。零售商的利润结构可以由实物期权的收益表示。零售商需要确定最佳的库存水平使得通过销售产生的预期净利润达到最大。数值实验部分展示了基于实物期权定价模型来确定最佳库存水平的实际实施效果,以及模型中的参数变化对零售商最佳产品库存量的影响。This article introduces a method based on the real option theory to discuss the retailer's optimal inventory level.In this article,product prices and product market demand changes over time are described by interrelated geometric Brownian motions.The profit structure of the retailer can be represented by the income of real options.The retailer needs to determine the optimal inventory level to maximize the expected net profit from sales.The numerical experiment part shows the actual implementation effect of determining the optimal inventory level based on the real option pricing model,and the influence of the parameter changes in the model on the retailer's optimal product inventory.

关 键 词：实物期权理论 零售产品 最优库存管理 

分 类 号：F253[经济管理—国民经济]