Supply Chain Coordination of Loss-Averse Retailer for Fresh Produce with Option Contracts

Deng Jia () and Chong Wang ()
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Deng Jia: Sichuan Agricultural University
Chong Wang: Sichuan Agricultural University

A chapter in LISS 2021, 2022, pp 1-10 from Springer

Abstract: Abstract Considering the huge circulation losses of the fresh produce, we investigate the ordering and cooperation strategies with option contracts in a two-phase supply chain that a risk-neutral fresh product supplier sells to a loss-averse fresh produce retailer. The optimal option ordering policies for the loss-averse retailer as well as the optimal manufacturing strategy for the risk-neutral supplier are given when retailer only order options. According to the integrated supply chain, we discussed the coordinating conditions for the fresh produce supply chain.

Keywords: Supply chain coordination; Loss aversion; Fresh produce; Option contracts (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnopch:978-981-16-8656-6_1

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DOI: 10.1007/978-981-16-8656-6_1

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