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Quantitative Analysis of Multi-Periodic Supply Chain Contracts With Options Via Stochastic Programming

Author

Listed:
  • Christian van Delft

    (GREGH - Groupement de Recherche et d'Etudes en Gestion à HEC - HEC Paris - Ecole des Hautes Etudes Commerciales - CNRS - Centre National de la Recherche Scientifique)

  • J. P. Vial

Abstract

We propose a stochastic programming approach for quantitative analysis of supply contracts, involving flexibility, between a buyer and a supplier, in a supply chain framework. Specifically, we consider the case of multi-periodic contracts in the face of correlated demands. To design such contracts, one has to estimate the savings or costs induced for both parties, as well as the optimal orders and commitments. We show how to model the stochastic process of the demand and the decision problem for both parties using the algebraic modeling language AMPL. The resulting linear programs are solved with a commercial linear programming solver. We compute the economic performance of these contracts, giving evidence that this methodology allows to gain insight into realistic problems.

Suggested Citation

  • Christian van Delft & J. P. Vial, 2001. "Quantitative Analysis of Multi-Periodic Supply Chain Contracts With Options Via Stochastic Programming," Working Papers hal-00596232, HAL.
    • Handle: RePEc:hal:wpaper:hal-00596232
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    Cited by:

    1. Pereira, Daniel Filipe & Oliveira, José Fernando & Carravilla, Maria Antónia, 2023. "Design of a sales plan in a hybrid contractual and non-contractual context in a setting of limited capacity: A robust approach," International Journal of Production Economics, Elsevier, vol. 260(C).

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