Study on Supply Chains Risk Evasion Strategies Considering Forward Contracts

摘要：

The fluctuations of market price bring risk to supply chain enterprises. In order to dissolve risk, the supply chain enterprises may consider forward contracts as one kind of transaction means. Through the risk aversion model and the utility maximization principle, this article derived the optimal proportion of forward contracts. When the price of forward contracts is an exogenous variable, transaction proportion will change at the same direction with the variance and the index of risk aversion. When the price of forward contracts is an endogenous variable, the price of forward contracts is affected by the dependence degree between the supply chain enterprises. And the transaction proportion of the forward contracts is also related with the transaction proportion of inside and outside supply chain.

关键词： supply chain forward contracts risk aversion transaction proportion

作者: CHEN Dapeng TIAN Jun LI Xiaoli

作者单位: Zhengzhou Institute of Aeronautical Industry Management, Henan Zhengzhou Zhengzhou Institute of Aeronautical Industry Management, Henan,Zhengzhou

会议类型: 国际会议

会议名称: 2007 Conference on Systems Science, Management Science and System Dynamics(第二届系统科学、管理科学与系统动力学国际会议)

会议地点: 上海

会议语种:英文

页码: 153-158

在线出版日期: 2007-10-19（万方平台首次上网日期，不代表论文的发表时间）