Optimal production quantity for a one-manufacturer and two-retailers supply chain with the use of bidirectional option contract | |
| Author | Kaung Myat Htut |
| Call Number | AIT Thesis no.ISE-20-18 |
| Subject(s) | Supply chain management Delivery of goods--Management Production control |
| 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 study helps the manufacturer determines the optimal production quantity for two retailers using bidirectional option contract. Both retailers will choose either call or put option depending on their realized demands. From manufacturer’s perspective, all possible demand scenarios from two retailers are considered. The effects of option prices, penalty cost of manufacturer and shortage cost of retailers on initial order quantities, option quantities and profits are examined. From the numerical analysis, it shows that the proposed model is more profitable supply chain-wise comparing to wholesale price contract. |
| Year | 2020 |
| 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) | Pisut Koomsap;Mongkol Ekpanyapong |
| Scholarship Donor(s) | Asian Institute of Technology Fellowship |
| Degree | Thesis (M. Eng.) -- Asian Institute of Technology, 2020 |