Options Procurement Policy for Option Contracts with Supply and Spot Market Uncertainty

Supplier’s reliability is a major issue in procurement management. In this paper, we establish a decision making model from the perspective of the firm who will procure from the multiple suppliers and the spot markets. The suppliers are unreliable and provide different types of option-type supply co...

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Bibliographic Details
Main Authors: Weili Xue, Xiaolin Xu, Lijun Ma
Format: Article
Language:English
Published: Wiley 2014-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2014/906739
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