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Development and analysis of discount-off-of-market price option contracts for procurement management
dc.contributor | Zhu, Wanshan |
dc.contributor.author | Ruz Romero, Eloy |
dc.date.accessioned | 2015-03-03T18:58:13Z |
dc.date.issued | 2013 |
dc.identifier.uri | http://hdl.handle.net/2099.1/25400 |
dc.description.abstract | This paper analyses how to benefit from discount-off-of-market price option contracts to increase supply chain efficiency when demand and spot price are random. To do so, a portfolio of these contracts and a fixed contract would be considered to do the theoretical and practical approaches. First of all, a single-period portfolio procurement problem will be developed and a model that describes the event will be constructed. After that, this model will be solved using a geometrical approach, as in Fu et al. (2010), and a shortest- monotone path algorithm. Furthermore, some analysis will be done to analyse the effect of volatility of spot price and demand; the effect of correlation and the effect of using a portfolio instead of using only one or two contracts. Additionally, a two-period extension will also be analysed. Finally, a practical study would be carried to unveil the real practicality and usefulness of discount-off-of-market price option contracts. |
dc.language.iso | eng |
dc.publisher | Universitat Politècnica de Catalunya |
dc.publisher | Tsinghua University |
dc.subject | Àrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d’operacions::Anàlisi de processos de negoci i de fabricació |
dc.subject | Àrees temàtiques de la UPC::Matemàtiques i estadística::Geometria |
dc.subject.lcsh | Materials management -- Mathematical models |
dc.title | Development and analysis of discount-off-of-market price option contracts for procurement management |
dc.type | Bachelor thesis |
dc.subject.lemac | Gestió de compres -- Models matemàtics |
dc.rights.access | Restricted access - author's decision |
dc.date.lift | 10000-01-01 |
dc.audience.educationlevel | Grau |
dc.audience.mediator | Escola Tècnica Superior d'Enginyeria Industrial de Barcelona |
dc.contributor.covenantee | Qing hua da xue |
dc.description.mobility | Outgoing |