考虑供应链成员风险规避程度的契约偏好研究

Study on Contract Preferences Considering Risk Aversion Levels of Supply Chain Members

由于短生命周期产品供应链市场波动性较大,引入期权契约,考虑供应链成员的风险规避行为,分析供应链成员不同风险规避程度和期权价格下对契约的偏好情况。研究发现:需要在双方一定的风险规避程度和期权价格范围内才能使供应链双方成员均偏好期权契约;当零售商风险规避程度较弱时,无论制造商的风险规避程度强弱,双方都不会同时偏好期权契约;故虽然期权契约相比批发契约灵活性更高,但在实际应用中期权契约未必一定优于批发契约。

Due to the high volatility of the market in short lifecycle product supply chains,option contracts are introduced to compare with traditional wholesale contracts under risk-averse behavior among supply chain members.This study analyzes the preference for contracts under different levels of risk aversion and option prices among supply chain members.The result shows that both supply chain members prefer option contracts only within a certain range of risk aversion levels and option prices.When the risk aversion level of the retailer is weak,regardless of the manufacturer's level of risk aversion,both parties will not prefer option contracts simultaneously.Therefore,although option contracts offer higher flexibility compared to wholesale contracts,in practical applications,option contracts may not necessarily be superior to wholesale contracts.