考虑风险规避供应商的期权合约比较研究  

Comparative Study on Option Contracts ConsideringRisk Aversion Suppliers

作　　者：曹宗宏 陈庆 CAO Zong-hong;CHEN Qing(School of Mathematics and Physics,Anhui Jianzhu University,Hefei 230601,China)

机构地区：[1]安徽建筑大学数理学院,安徽合肥230601

出　　处：《辽宁大学学报（自然科学版）》2023年第3期275-288,共14页Journal of Liaoning University：Natural Sciences Edition

基　　金：安徽省自然科学基金(1908085MG228);安徽省人文社科基金重点项目(SK2020A0277);安徽省高校优秀拔尖人才培育资助项目(gxyqZD2019058);安徽建筑大学博士启动基金(2019QDZ04);安徽省高校自然科学研究重点项目(KJ2020A0044)。

摘　　要：考虑单供应商与居于主导的零售商构成的供应链,供应商具有风险规避性质.本研究引入组合期权,建立模型求解得到供应链成员的最优初始订货量、期权订购量,分析了供应商风险偏好程度对订货量和利润的影响.结果表明,组合期权契约可以实现供应链协调,各方利润均高于无期权契约的情况,此外,供应商的风险规避程度越高,零售商利润越高,而供应商利润越低.Consider a two-level supply chain system consisting of a risk-averse suppliers and a dominant retailer.This paper studies the optimal initial order volume,call and put option order volume is examined under the combined call and put options.Then the impact of supplier’s risk aversion on the order volume and profits for the two partners is discussed.The results show that the combination option contract can achieve supply chain coordination,and the profit of both sides of the supply chain is higher than the profit of no option contract.In addition,the higher the risk aversion of the supplier,the higher the retailer’s profit will be,but the lower the supplier’s profit will be.

关 键 词：供应链 风险规避 期权 协调 

分 类 号：F274[经济管理—企业管理] F830.9[经济管理—国民经济]