| Author | Vorraseth Jittsomboon |
| Note | A thesis submitted in partial fulfillment of the requirements for the
degree of master of engineering in
industrial engineering and management
|
| Publisher | Asian Institute of Technology |
| Abstract | This research studies a case of one buyer and two suppliers with option contract with put and call option. Each of suppliers offers the contract with the related prices. Then, the retailer decides how much to order and places initial order and option quantity. When there exists updated the demand information, the retailer will adjust initial order by exercising option from the supplier that has more profitable option exercise price. To examine the contract, the mathematical models are developed. This research also studies the parameters of the model in numerical experiments. Through numerical experiments, this research finds that the retailer can take advantage from bidirectional option contract with two suppliers. However, the supplier with more profitable put exercise price faces the negative effect from this contract. |
| Year | 2016 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Industrial Systems Engineering (DISE) |
| Academic Program/FoS | Industrial Systems Engineering (ISE) |
| Chairperson(s) | Huynh Trung Luong; |
| Examination Committee(s) | Bohez, Erik L.J.;Pisut Koomsap; |
| Scholarship Donor(s) | Thailand (HM King); |