Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/18059
DC FieldValueLanguage
dc.contributorDepartment of Logistics and Maritime Studies-
dc.creatorHung, YH-
dc.creatorLi, LYO-
dc.creatorCheng, TCE-
dc.date.accessioned2014-12-19T04:16:05Z-
dc.date.available2014-12-19T04:16:05Z-
dc.identifier.issn0925-5273en_US
dc.identifier.urihttp://hdl.handle.net/10397/18059-
dc.descriptionThis Special Issue contains papers presented at the Sixteenth International Symposium on Inventories, held in Budapest, Hungary in August 2010.en_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.subjectCapacity allocation gameen_US
dc.subjectOptions on super capacity futuresen_US
dc.subjectRisk poolingen_US
dc.subjectSuper capacity futuresen_US
dc.titleTransfer of newsvendor inventory and supply risks to sub-industry and the public by financial instrumentsen_US
dc.typeJournal/Magazine Articleen_US
dc.identifier.spage567en_US
dc.identifier.epage573en_US
dc.identifier.volume143en_US
dc.identifier.issue2en_US
dc.identifier.doi10.1016/j.ijpe.2011.10.019en_US
dcterms.abstractWe consider a two-stage newsvendor model of a sub-industry in which suppliers have short lead-time capacity to produce goods for retailers that are selling non-identical products. We argue that the inventory and supply risks of the newsvendors due to demand uncertainty can be pooled and shared among different supply chains by treating reserved capacity as commodities and trading them as futures and options on futures to hedge the risks. The risks will be further shared with and transferred to the public if speculators are allowed to play the game. We show that this new mechanism of combining operational and financial risk hedging strategies offers industries a new way to more efficiently meet demand and improve profit.-
dcterms.bibliographicCitationInternational journal of production economics, 2013, v. 143, no. 2, p. 567-573-
dcterms.isPartOfInternational journal of production economics-
dcterms.issued2013-
dc.identifier.isiWOS:000320287100043-
dc.identifier.scopus2-s2.0-84877574822-
dc.relation.conferenceInternational Symposium on Inventories-
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