基于期权合约的供应链协调优化决策问题研究  

The Decision-making Problem of Supply Chain Coordination and Optimization Based on Option Contract

作　　者：田军[1,2] 刘昊 史秀苹 张宇飞 TIAN Jun;LIU Hao;SHI Xiuping;ZHANG Yufei(Zhengzhou University of Aeronautics,Zhengzhou 450046,China;Collaborative Innovation Center of Aviation Economy Development,Henan,Zhengzhou 450046,China;Henan Agricultural University,Zhengzhou 450002,China)

机构地区：[1]郑州航空工业管理学院,河南郑州450046 [2]航空经济发展河南省协同创新中心,河南郑州450046 [3]河南农业大学,河南郑州450002

出　　处：《管理工程师》2022年第3期5-12,共8页Management Engineer

基　　金：国家自然科学基金资助项目(70572001);国家软科学研究资助项目(2014GXS2D024);航空科学基金资助项目(2013ZG55027);河南省政府决策招标课题(2012A003)。

摘　　要：针对由制造商和零售商组成的供应链系统,探讨实行期权合约情况下该供应链系统的最优决策问题;根据是否使用期权合约,以利润最大为目标,构建了Stackelberg博弈模型,运用逆向归纳法得到了相关均衡解。通过风险变化与数值分析发现,随着期权执行价格的提高,制造商利润逐渐增大,且大于未使用期权合约时的利润;而零售商利润逐渐减小,且当期权价格较大时,零售商利润将小于未使用期权合约时的利润。因此,当期权执行价格在一个合适的范围内时,实行期权合约能同时增加制造商和零售商的利润。This paper discusses the optimal decision-making problem of a supply chain system consisting of a manufacturer and a retailer based on option contracts.According to whether to use option contract or not,a Stackelberg game model with maximum profit is constructed,and the relevant equilibrium solution is obtained by using backward induction.Finally,through the risk change and numerical analysis,it is found that with the increase of the option execution price,the profit of the manufacturer increases gradually and is larger than the profit of the unused option contract,while the profit of the retailer decreases gradually and when the option price is larger,the retailer's profit would be smaller than the profit on the unused option contract.Therefore,when the strike price of the option is within an appropriate range,the option contract can increase the profit of both the manufacturer and the retailer.

关 键 词：供应链协调 决策系统 期权合约 风险变化 

分 类 号：F274[经济管理—企业管理]