Table of Contents Author Guidelines Submit a Manuscript
Mathematical Problems in Engineering
Volume 2015, Article ID 369132, 16 pages
http://dx.doi.org/10.1155/2015/369132
Research Article

Bilateral Coordination Strategy of Supply Chain with Bidirectional Option Contracts under Inflation

School of Management and Economics, University of Electronic Science and Technology of China, Chengdu 611731, China

Received 27 October 2014; Accepted 2 February 2015

Academic Editor: Valery Sbitnev

Copyright © 2015 Nana Wan and Xu Chen. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Linked References

  1. M. Woodford, “The Taylor rule and optimal monetary policy,” American Economic Review, vol. 91, no. 2, pp. 232–237, 2001. View at Publisher · View at Google Scholar · View at Scopus
  2. A. Orphanides, “Monetary-policy rules and the great inflation,” The American Economic Review, vol. 92, no. 2, pp. 115–120, 2002. View at Publisher · View at Google Scholar · View at Scopus
  3. M. Arena, “Does insurance market activity promote economic growth? A cross-country study for industrialized and developing countries,” Journal of Risk and Insurance, vol. 75, no. 4, pp. 921–946, 2008. View at Publisher · View at Google Scholar · View at Scopus
  4. S. Lin and H. Ye, “Does inflation targeting make a difference in developing countries?” Journal of Development Economics, vol. 89, no. 1, pp. 118–123, 2009. View at Publisher · View at Google Scholar · View at Scopus
  5. S. Y. Tong and Y. Zheng, “China's trade acceleration and the deepening of an East Asian regional production network,” China & World Economy, vol. 16, no. 1, pp. 66–81, 2008. View at Publisher · View at Google Scholar · View at Scopus
  6. B. Naughton, “Understanding the Chinese stimulus package,” China Leadership Monitor, vol. 28, no. 2, pp. 1–12, 2009. View at Google Scholar
  7. J. A. Dorn, “The role of China in the US debt crisis,” Cato Journal, vol. 33, no. 1, pp. 77–89, 2013. View at Google Scholar
  8. J. Carbone, HP Buyers Get Hands on Design, 2001, http://www.purchasing.com/.
  9. V. Nagali, J. Hwang, D. Sanghera et al., “Procurement risk management (PRM) at Hewlett-Packard company,” Interfaces, vol. 38, no. 1, pp. 51–60, 2008. View at Publisher · View at Google Scholar · View at Scopus
  10. Q. Wang and D.-B. Tsao, “Supply contract with bidirectional options: the buyer's perspective,” International Journal of Production Economics, vol. 101, no. 1, pp. 30–52, 2006. View at Publisher · View at Google Scholar · View at Scopus
  11. Y. Zhao, L. Ma, G. Xie, and T. C. E. Cheng, “Coordination of supply chains with bidirectional option contracts,” European Journal of Operational Research, vol. 229, no. 2, pp. 375–381, 2013. View at Publisher · View at Google Scholar · View at Scopus
  12. K. Moinzadeh and S. Nahmias, “Adjustment strategies for a fixed delivery contract,” Operations Research, vol. 48, no. 3, pp. 408–423, 2000. View at Publisher · View at Google Scholar · View at Scopus
  13. J. K. Dey, S. K. Mondal, and M. Maiti, “Two storage inventory problem with dynamic demand and interval valued lead-time over finite time horizon under inflation and time-value of money,” European Journal of Operational Research, vol. 185, no. 1, pp. 170–194, 2008. View at Publisher · View at Google Scholar · View at MathSciNet · View at Scopus
  14. C. K. Jaggi and A. Khanna, “Retailer's ordering policy for deteriorating items with inflation-induced demand under trade credit policy,” International Journal of Operational Research, vol. 6, no. 3, pp. 360–379, 2009. View at Publisher · View at Google Scholar · View at Scopus
  15. H.-L. Yang, J.-T. Teng, and M.-S. Chern, “An inventory model under inflation for deteriorating items with stock-dependent consumption rate and partial backlogging shortages,” International Journal of Production Economics, vol. 123, no. 1, pp. 8–19, 2010. View at Publisher · View at Google Scholar · View at Scopus
  16. T.-P. Hsieh and C.-Y. Dye, “Pricing and lot-sizing policies for deteriorating items with partial backlogging under inflation,” Expert Systems with Applications, vol. 37, no. 10, pp. 7234–7242, 2010. View at Publisher · View at Google Scholar · View at Scopus
  17. R. P. Tripathi, “Optimal pricing and ordering policy for inflation dependent demand rate under permissible delay in payments,” International Journal of Business, Management and Social Sciences, vol. 2, no. 4, pp. 35–43, 2011. View at Google Scholar
  18. B. Sarkar, S. S. Sana, and K. Chaudhuri, “An imperfect production process for time varying demand with inflation and time value of money—an EMQ model,” Expert Systems with Applications, vol. 38, no. 11, pp. 13543–13548, 2011. View at Publisher · View at Google Scholar · View at Scopus
  19. J. Taheri-Tolgari, A. Mirzazadeh, and F. Jolai, “An inventory model for imperfect items under inflationary conditions with considering inspection errors,” Computers & Mathematics with Applications, vol. 63, no. 6, pp. 1007–1019, 2012. View at Publisher · View at Google Scholar · View at MathSciNet · View at Scopus
  20. A. Guria, B. Das, S. Mondal, and M. Maiti, “Inventory policy for an item with inflation induced purchasing price, selling price and demand with immediate part payment,” Applied Mathematical Modelling, vol. 37, no. 1-2, pp. 240–257, 2013. View at Publisher · View at Google Scholar · View at MathSciNet · View at Scopus
  21. B. H. Gilding, “Inflation and the optimal inventory replenishment schedule within a finite planning horizon,” European Journal of Operational Research, vol. 234, no. 3, pp. 683–693, 2014. View at Publisher · View at Google Scholar · View at MathSciNet · View at Scopus
  22. X. Wang and L. Liu, “Coordination in a retailer-led supply chain through option contract,” International Journal of Production Economics, vol. 110, no. 1-2, pp. 115–127, 2007. View at Publisher · View at Google Scholar · View at Scopus
  23. A. Gomez-Padilla and T. Mishina, “Supply contract with options,” International Journal of Production Economics, vol. 122, no. 1, pp. 312–318, 2009. View at Publisher · View at Google Scholar · View at Scopus
  24. Y. Zhao, S. Wang, T. C. Cheng, X. Yang, and Z. Huang, “Coordination of supply chains by option contracts: a cooperative game theory approach,” European Journal of Operational Research, vol. 207, no. 2, pp. 668–675, 2010. View at Publisher · View at Google Scholar · View at MathSciNet · View at Scopus
  25. Q. Fu, C. Y. Lee, and C. P. Teo, “Procurement management using option contracts: random spot price and the portfolio effect,” IIE Transactions, vol. 42, no. 11, pp. 793–811, 2010. View at Publisher · View at Google Scholar · View at Scopus
  26. J. Buzacott, H. Yan, and H. Zhang, “Risk analysis of commitment-option contracts with forecast updates,” IIE Transactions, vol. 43, no. 6, pp. 415–431, 2011. View at Publisher · View at Google Scholar · View at Scopus
  27. X. Chen and Z.-J. Shen, “An analysis of a supply chain with options contracts and service requirements,” IIE Transactions, vol. 44, no. 10, pp. 805–819, 2012. View at Publisher · View at Google Scholar · View at Scopus
  28. X. Chen, G. Hao, and L. Li, “Channel coordination with a loss-averse retailer and option contracts,” International Journal of Production Economics, vol. 150, pp. 52–57, 2014. View at Publisher · View at Google Scholar · View at Scopus
  29. C. T. Linh and Y. Hong, “Channel coordination through a revenue sharing contract in a two-period newsboy problem,” European Journal of Operational Research, vol. 198, no. 3, pp. 822–829, 2009. View at Publisher · View at Google Scholar · View at Scopus
  30. T. Xiao, K. Shi, and D. Yang, “Coordination of a supply chain with consumer return under demand uncertainty,” International Journal of Production Economics, vol. 124, no. 1, pp. 171–180, 2010. View at Publisher · View at Google Scholar · View at Scopus
  31. C.-H. Chiu, T.-M. Choi, and C. S. Tang, “Price, rebate, and returns supply contracts for coordinating supply chains with price-dependent demands,” Production and Operations Management, vol. 20, no. 1, pp. 81–91, 2011. View at Publisher · View at Google Scholar · View at Scopus
  32. A. V. Iyer and M. E. Bergen, “Quick response in manufacturer-retailer channels,” Management Science, vol. 43, no. 4, pp. 559–570, 1997. View at Publisher · View at Google Scholar · View at Scopus
  33. J. G. Shanthikumar and U. Sumita, “Approximations for the time spent in a dynamic job shop with applications to due-date assignment,” International Journal of Production Research, vol. 26, no. 8, pp. 1329–1352, 1988. View at Publisher · View at Google Scholar · View at Scopus
  34. U. S. Karmarkar, “Chapter 6 Manufacturing lead times, order release and capacity loading,” Handbooks in Operations Research and Management Science, vol. 4, pp. 287–329, 1993. View at Publisher · View at Google Scholar · View at Scopus
  35. G. P. Cachon, “Supply chain coordination with contracts,” Handbooks in Operations Research and Management Science, vol. 11, pp. 227–339, 2003. View at Publisher · View at Google Scholar · View at Scopus
  36. X. Chen and Q. Zhou, “Loss-averse retailer's optimal ordering policies for perishable products with customer returns,” Mathematical Problems in Engineering, vol. 2014, Article ID 831796, 5 pages, 2014. View at Publisher · View at Google Scholar · View at MathSciNet
  37. X. Chen and X. Wang, “Free or bundled: channel selection decisions under different power structures,” Omega, vol. 53, pp. 11–20, 2015. View at Google Scholar
  38. X. Chen, X. Wang, and X. Jiang, “The impact of power structure on retail service supply chain with an O2O mixed channel,” Journal of the Operational Research Society, Forthcoming.