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035 _a.b12342592
100 1 _aMudannayake, Modhika Isuru Bandara
245 1 0 _aAnalysing the effect of realized demand under bidirectional option contracts in supply chains
260 _aPathumthani :
_bAsian Institute of Technology,
_c2015
300 _e1 online resource
500 _aA thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering in Industrial Engineering and Manufacturing, School of Engineering and Technology
520 _aThis research studies a bidirectional supply chain contract between a manufacturer and a retailer in which the selling period is relatively shorter compared to the long production lead time. At the beginning of the planning horizon, based on the demand forecast available, the retailer makes an initial order and purchase options. Next at the beginning of the selling season, based on the realized demand forecast, the retailer exercises the options as call or put. A mathematical model is developed to analyse the effect of realized demand. Expected profit functions are developed for all parties in the supply chain. This research has confirmed that this supply chain contract can coordinate the supply chain. Furthermore it confirms that the variance of the realized demand affects the expected profits. Hence the retailer should put more effort in making the realized demand forecast accurate so that better expected profits can be achieved.
650 0 _aBusiness logistics
650 0 _aBusiness logistics
_xContracting out
700 1 _aHuynh, Trung Luong,
_eChairperson
700 0 _aVoratas Kachitvichyanukul,
_eExamination Committee
700 1 _aBohez, Erik L.J.,
_eExamination Committee
710 2 _aAIT Fellowship,
_eScholarship donor
856 _3Full-Text
_uhttp://203.159.5.9/ait-thesis/detail.php?q=B04805
907 _a.b12342592
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