| Author | Takron Opassuwan |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering in Industrial and Manufacturing Engineering |
| Publisher | Asian Institute of Technology |
| Abstract | This research investigates supply chain coordination in a two-stage supply chain with the bidirectional option contract and a two-period newsvendor problem. Under the bidirectional option contract, the supplier announces the prices and after that, the retailer places an initial order and purchases option quantity. When the demand information is realized, the retailer adjusts the initial order by exercising either call or put options. To investigate coordination, the mathematical models are developed and the demand in each period is assumed to be uniformly distributed. The research also analyzes how the parameters affect the firms’ behavior in such a way that coordination and fair profits can be achieved. This research find that with two-period newsvendor problem, the bidirectional option contract can coordinate supply chain and achieve win-win situation. |
| Year | 2015 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Industrial Systems Engineering (DISE) |
| Academic Program/FoS | Industrial Engineering (IE) |
| Chairperson(s) | Huynh Trung Luong ; |
| Examination Committee(s) | Bohez, Erik L.J.;Pisut Koomsap ; |
| Scholarship Donor(s) | Thailand (HM King); |