Coordination of supply chains by option contracts: A cooperative game theory approach

@article{Zhao2010CoordinationOS,
  title={Coordination of supply chains by option contracts: A cooperative game theory approach},
  author={Yingxue Zhao and Shouyang Wang and T. C. Edwin Cheng and Xiaoqi Yang and Zhimin Huang},
  journal={European Journal of Operational Research},
  year={2010},
  volume={207},
  pages={668-675}
}
Manufacturer–retailer supply chains commonly adopt a wholesale price mechanism. This mechanism, however, has often led manufacturers and retailers to situations of conflicts of interest. For example, due to uncertain market demand, retailers prefer to order flexibly from manufacturers so as to avoid incurring inventory costs and to be able to respond flexibly to market changes. Manufacturers, on the other hand, prefer retailers to place full orders as early as possible so that they can hedge… CONTINUE READING
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