Demand information and spot price information: Supply chains trading in spot markets

Abstract

This paper investigates the effect of information updating on the members of a two-stage supply chain in the presence of spot market. The supplier decides the contract price. New information becomes available as time progresses. The manufacturer updates his belief on demand and/or spot price and subsequently decides the contract quantity. The demand and… (More)
DOI: 10.1016/j.ejor.2015.05.046

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