RESEARCH ON FRESH AGRICULTURAL PRODUCT BASED ON THE RETAILER'S OVERCONFIDENCE UNDER OPTIONS AND SPOT MARKETS

K. Nie, Man Yu
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引用次数: 3

Abstract

In this article, we analyze the application of options contract in the special commodity supply chain such as fresh agricultural products. This problem is discussed from the point of the retailer. When spot market and future market are both available, we discuss how the retailer chooses the optimal production. Furthermore, overconfidence is introduced to the supply chain of the fresh agricultural products, which has not happened before. Then based on the overconfidence of the retailer, we explore how overconfidence affects the supply chain system under different circumstances. At last, we get the conclusion that different overconfidence level has different affection on retailer’s optimal ordering quantity and profit.
期权和现货市场下零售商过度自信的生鲜农产品研究
本文分析了期权契约在生鲜农产品等特殊商品供应链中的应用。本文从零售商的角度来讨论这一问题。在现货市场和期货市场都存在的情况下,讨论了零售商如何选择最优生产。此外,在生鲜农产品供应链中引入了前所未有的过度自信。然后以零售商的过度自信为基础,探讨了不同情况下过度自信对供应链系统的影响。最后得出结论:不同的过度自信程度对零售商的最优订货量和利润有不同的影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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