Study on the Supply Chain's Strategy for Online Spot Markets Considering the Option Theory

摘要

Spot markets offer products at essentially negligible lead time, but typically command a higher expected price for this added flexibility while also exhibiting substantial price uncertainty. In our research, we got the price of contracts by the means of bilateral optional forward contracts considering the quantity is variable. Through the risk evasion model issued and the utility maximization principle, this article derived the optimal quantity of forward contracts and the influence factors.