An initial research for patterns of payment in supply chain contracts with options
Abstract
Supply chain contracts with options can coordinate uncertainty and asymmetry of demands information between buyers and suppliers, by which buyers are given larger flexibility and performance of the whole supply chain are enhanced. The majority of the literature relating to option contracts focuses on theory model in operation aspect and neglects the financial side of the problem. In fact, traditional modes of payment are unfit for option contracts. In this article, based on theory of options contracts and cash management methods, we develop a financial model of option contracts and prove the role of options in cash flow aspect. An effective pattern of payment is shown through extending financial models of supply chain options, which may benefit all the parties involved simultaneously. Finally, we demonstrate (numerically) the benefits of options in improving channel performance and availability of pattern of payment developed in this paper. We wish it can offer some valuable references for practical application of supply chain options.
(Supply Chain; Option Contracts; Patterns of Payment; Cash Flow)
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