Supply Chain Operations in the Presence of a Spot Market: A Review with Discussion
Journal of Operational Research Society, Forthcoming
Posted: 7 Apr 2005
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, Procurement, Spot market, Real Options
JEL Classification: C44, C61, D81, M10, M11, G13
Suggested Citation: Suggested Citation
Haksoz, Cagri and Seshadri, Sridhar, Supply Chain Operations in the Presence of a Spot Market: A Review with Discussion. Journal of Operational Research Society, Forthcoming, Available at SSRN: https://ssrn.com/abstract=696342
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