Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/16737
Title: Impact of risk aversion on optimal decisions in supply contracts
Authors: Wu, J
Wang, S
Chao, X
Ng, CT 
Cheng, TCE 
Keywords: Conditional value-at-risk
Risk analysis
Supply chain management
Issue Date: 2010
Publisher: Elsevier
Source: International journal of production economics, 2010, v. 128, no. 2, p. 569-576 How to cite?
Journal: International journal of production economics 
Abstract: We introduce the concept of conditional value-at-risk as the evaluation criterion in a supply contract model. We first derive the manufacturer's optimal decisions and then analyze the impact of risk aversion on the manufacturer's decisions. We follow by conducting numerical experiments to observe how the manufacturer's risk attitude affects his decisions. We obtain results that characterize the explicit relationship between the manufacturer's risk attitude and his optimal decisions. We also show the dependence of the decision variables on the price and cost parameters, which is seldom given in the literature.
URI: http://hdl.handle.net/10397/16737
ISSN: 0925-5273
DOI: 10.1016/j.ijpe.2010.04.049
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