A Portfolio Approach to Procurement under the B2B Electronic Marketplace (ID: 6-022)

摘要

With the development of the B2B electronic market, many companies are attracted to procure in this market. This paper proposes a portfolio model under the situation of the B2B electronic marketplace with the postponed delivery is concerned. Products can be purchased not only from the electronic market, but also from the contract market which provides option contracts and long-term contracts. In the study both the flexibility of the electronic market, the option contract and the stability of the long-term contract have been taken into consideration. Finally, we simulate the procurement practice of Shanghai Baosteel Yichang Corporation and give the optimal portfolio that the corporation should procure from the electronic market and the contract market.