Esnek tedarik zinciri sözleşmelerinin finansal değerleri

We consider a single buyer - single supplier multiple period quantity flexibilitycontract in which the buyer has options to buy in case of a higher than expecteddemand in addition to the committed purchases at the beginning of each period ofthe contract. We take the buyer?s point of view and find the maximum value of thecontract for the buyer by analyzing the financial and real markets simultaneously.We assume both markets evolve as discrete scenario trees. Furthermore, underthe assumption that the demand of the item correlates perfectly with the priceof the risky security we present a model to find the buyer?s maximum acceptableprice of the contract. Applying duality, we develop sufficient conditions on someparameters to decrease the value of the contract. Then, an experimental studyis presented to illustrate the impacts of all the parameters on the value of thecontract and the option. We show that the model can also be extended to thecase of partially correlated demand and the risky asset price under the assumptionthat the markets evolve as binomial trees. Finally, we apply duality and performnumerical analysis for the latter assumption.