Supply chain operations in the presence of a spot market: a review with discussion

Ç Haksöz () and Sridhar Seshadri ()
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Ç Haksöz: City University of London

Journal of the Operational Research Society, 2007, vol. 58, issue 11, 1412-1429

Abstract: Abstract We survey the recent literature on the use of spot market operations to manage procurement in supply chains. We present results in two categories: work that deals with optimal procurement strategies and work related to the valuation of procurement contracts. As an example of the latter, we provide new results on valuation of a supply contract with abandonment option. Based on our review, we also discuss the scope for doing further work.

Keywords: supply chain contracts; stochastic dynamic programming; risk; real options; practice of OR (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (46)

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DOI: 10.1057/palgrave.jors.2602401

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