Emergency Quantity Discount Contract with Suppliers Risk Aversion under Stochastic Price
This paper constructs an emergency quantity discount contract to explore the inherent law of the contract coordinating the supply chain with stochastic market demand and price and the risk-averse supplier. Meanwhile, the conditional value-at-risk (CVaR) risk measure criterion is revised to study the...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-07-01
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| Series: | Mathematics |
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| Online Access: | https://www.mdpi.com/2227-7390/9/15/1791 |
| _version_ | 1797525326783315968 |
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| author | Shuangsheng Wu Qi Li |
| author_facet | Shuangsheng Wu Qi Li |
| author_sort | Shuangsheng Wu |
| collection | DOAJ |
| description | This paper constructs an emergency quantity discount contract to explore the inherent law of the contract coordinating the supply chain with stochastic market demand and price and the risk-averse supplier. Meanwhile, the conditional value-at-risk (CVaR) risk measure criterion is revised to study the influence of supplier’s risk aversion attitude on supply chain coordination. The results show that supplier risk aversion will cause the bifurcation of the relevant factors in the supply chain under the stochastic price. Within the bifurcation region, the supply chain cannot be coordinated; out of the bifurcation region, the supply chain can achieve coordination. The supply chain related factors’ variation range in the bifurcation region is related to the step size of the risk aversion factor and the normal distribution function’s variance of the market demand, and it increases with the latter. |
| first_indexed | 2024-03-10T09:12:12Z |
| format | Article |
| id | doaj.art-8c7e8520f1df41b48a9f50d7e118eeec |
| institution | Directory Open Access Journal |
| issn | 2227-7390 |
| language | English |
| last_indexed | 2024-03-10T09:12:12Z |
| publishDate | 2021-07-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Mathematics |
| spelling | doaj.art-8c7e8520f1df41b48a9f50d7e118eeec2023-11-22T05:56:45ZengMDPI AGMathematics2227-73902021-07-01915179110.3390/math9151791Emergency Quantity Discount Contract with Suppliers Risk Aversion under Stochastic PriceShuangsheng Wu0Qi Li1School of Economics and Management, Tongji University, Shanghai 200092, ChinaSchool of Economics and Management, Tongji University, Shanghai 200092, ChinaThis paper constructs an emergency quantity discount contract to explore the inherent law of the contract coordinating the supply chain with stochastic market demand and price and the risk-averse supplier. Meanwhile, the conditional value-at-risk (CVaR) risk measure criterion is revised to study the influence of supplier’s risk aversion attitude on supply chain coordination. The results show that supplier risk aversion will cause the bifurcation of the relevant factors in the supply chain under the stochastic price. Within the bifurcation region, the supply chain cannot be coordinated; out of the bifurcation region, the supply chain can achieve coordination. The supply chain related factors’ variation range in the bifurcation region is related to the step size of the risk aversion factor and the normal distribution function’s variance of the market demand, and it increases with the latter.https://www.mdpi.com/2227-7390/9/15/1791stochastic pricesuppliers risk aversionquantity discount contractsupply chain coordinationCVaR |
| spellingShingle | Shuangsheng Wu Qi Li Emergency Quantity Discount Contract with Suppliers Risk Aversion under Stochastic Price Mathematics stochastic price suppliers risk aversion quantity discount contract supply chain coordination CVaR |
| title | Emergency Quantity Discount Contract with Suppliers Risk Aversion under Stochastic Price |
| title_full | Emergency Quantity Discount Contract with Suppliers Risk Aversion under Stochastic Price |
| title_fullStr | Emergency Quantity Discount Contract with Suppliers Risk Aversion under Stochastic Price |
| title_full_unstemmed | Emergency Quantity Discount Contract with Suppliers Risk Aversion under Stochastic Price |
| title_short | Emergency Quantity Discount Contract with Suppliers Risk Aversion under Stochastic Price |
| title_sort | emergency quantity discount contract with suppliers risk aversion under stochastic price |
| topic | stochastic price suppliers risk aversion quantity discount contract supply chain coordination CVaR |
| url | https://www.mdpi.com/2227-7390/9/15/1791 |
| work_keys_str_mv | AT shuangshengwu emergencyquantitydiscountcontractwithsuppliersriskaversionunderstochasticprice AT qili emergencyquantitydiscountcontractwithsuppliersriskaversionunderstochasticprice |