Optimal ordering policy for a price-setting newsvendor with option contracts under demand uncertainty
作者： Chong Wang , Xu Chen
DOI: 10.1080/00207543.2015.1053577
关键词:
摘要: In this article, we investigate the newsvendor problem in a joint ordering and pricing setting presence of option contracts under demand uncertainty. At beginning single selling season, who faces additive stochastic can obtain goods through two ways: from firm or purchasing exercising call options. Single (ordering only options only) mixed simultaneously) cases are investigated. We find that newsvendor’s optimal strategies exist unique for both cases, respectively. addition, when available, is policy. If prefers risk low, while enjoys high. also with contracts, t...
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