Sourcing Flexibility, Spot Trading, and Procurement Contract Structure

Sourcing Flexibility, Spot Trading, and Procurement Contract Structure

We analyze the structure and pricing of option contracts for an industrial good in the presence of spot trading. We combine the analysis of spot trading and buyers' disparate private valuations for different suppliers' products, and we jointly endogenize the determination of three major di...

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Bibliographic Details
Main Authors: Pei, Pamela Pen-Erh (Author), Simchi-Levi, David (Contributor), Tunca, Tunay I. (Author)
Other Authors: Massachusetts Institute of Technology. Department of Civil and Environmental Engineering (Contributor), Massachusetts Institute of Technology. Operations Research Center (Contributor)
Format: Article
Language:English
Published: Institute for Operations Research and the Management Sciences, 2012-04-04T15:13:51Z.
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