Supply Contracts with Financial Hedging
نویسندگان
چکیده
منابع مشابه
Supply Contracts with Financial Hedging
We study the performance of a stylized supply chain where two firms, a retailer and a producer, compete in a Stackelberg game. The retailer purchases a single product from the producer and afterward sells it in the retail market at a stochastic clearance price. The retailer, however, is budget constrained and is therefore limited in the number of units that he may purchase from the producer. We...
متن کاملA Cournot-Stackelberg Model of Supply Contracts with Financial Hedging
We study the performance of a stylized supply chain where multiple retailers and a single producer compete in a Cournot-Stackelberg game. At time t = 0 the retailers order a single product from the producer and upon delivery at time T > 0, they sell it in the retail market at a stochastic clearance price. We assume the retailers’ profits depend in part on the realized path of some tradeable sto...
متن کاملA Cournot-Stackelberg Model of Supply Contracts with Financial Hedging and Identical Retailers
We study the performance of a stylized supply chain where multiple retailers and a single producer compete in a Cournot-Stackelberg game. At time t = 0 the retailers order a single product from the producer and upon delivery at time T > 0, they sell it in the retail market at a stochastic clearance price. We assume the retailers’ profits depend in part on the realized path of some tradeable sto...
متن کاملPricing and Hedging Electricity Supply Contracts: a Case with Tolling Agreements
Customized electric power contracts catering to specific business and risk management needs have gained increasing popularity among large energy firms in the restructured electricity industry. A tolling agreement (or, tolling contact) is one such example in which a contract buyer reserves the right to take the output of an underlying electricity generation asset by paying a predetermined premiu...
متن کاملRisk Management with Supply Contracts
Purchase obligations are forward contracts with suppliers. This paper is the first to document that these contracts are a risk management tool and have a material impact on corporate hedging activity. Purchase obligations are used more broadly than traded commodity derivatives, even when firms approach financial distress. Firms that expand their risk management options following the introductio...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Operations Research
سال: 2009
ISSN: 0030-364X,1526-5463
DOI: 10.1287/opre.1080.0521