The Influence of Spot Market on Supply Chain Coordination with Budget-Constrained
Authors: 
Xinyang Li, Fuyou HuangAuthors Info & Claims
Pages 233 - 237
Abstract
In this paper, we study a two-level supply chain composed of a supplier and a retailer with budget-constrained. A revenue-sharing contract is used to investigate supply chain coordination issue, and then we analyze the impact of spot market on coordination condition of the supply chain. We derive the optimal purchasing strategy under different scenarios, and find that the revenue-sharing contract can coordinate both the supply chain with and without spot market. The results indicate that, the portion of the per-unit revenue the supplier shares under spot market is lower than that without spot market, and the gap between the two narrows with the increase of the wholesale price. In addition, we discuss the effect of the spot price of product on the revenue-sharing contract parameters, and provide several numerical examples to demonstrate our finds.
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Index Terms
- The Influence of Spot Market on Supply Chain Coordination with Budget-Constrained
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Published In
January 2020
303 pages
ISBN:9781450376778
DOI:10.1145/3383845
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- Univ. of Manchester: University of Manchester
- The Hong Kong Polytechnic: The Hong Kong Polytechnic University
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Association for Computing Machinery
New York, NY, United States
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Published: 05 April 2020
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ICCMB 2020
ICCMB 2020: 2020 The 3rd International Conference on Computers in Management and Business
January 31 - February 2, 2020
Tokyo, Japan
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