In order to get the price of a contingent claim with random interval payoff, a concept of fair price was proposed based on weighted expected utility maximization. After setting up a programming model of maximizing the...In order to get the price of a contingent claim with random interval payoff, a concept of fair price was proposed based on weighted expected utility maximization. After setting up a programming model of maximizing the weighted expected utility involving basic securities and contingent claim,and using techniques in optimization analysis,explicit expressions of the fair price interval for a contingent claim were derived. Relations between acceptable price interval and fair price interval were discussed. It is shown that all fair prices fit the demand for acceptability of a market.展开更多
Game theories were used to study the problem which has one manufacturer and one supplier in this paper. of quality control in the two-echelon supply chain Firstly, a stackelberg game was introduced into the quality co...Game theories were used to study the problem which has one manufacturer and one supplier in this paper. of quality control in the two-echelon supply chain Firstly, a stackelberg game was introduced into the quality control of a two-echelon supply chain. In this general non-cooperative quality control game situation, the manufacturer acts as the leader, the optimal action policies were obtained for the manufacturer and the supplier. Then, a Nash bargaining model was used to analyze optimal action selection in the cooperative quality control game situation and to determine the profit segment between two supply chain members after collaboration. By comparison of two game equilibrium results above, it was found that the cooperative quality control game structure is superior to the general non-cooperative quality control game structure during the process of quality management in the two-echelon supply chain. Finally, a numerical example is given to illustrate the conclusion of this paper.展开更多
文摘In order to get the price of a contingent claim with random interval payoff, a concept of fair price was proposed based on weighted expected utility maximization. After setting up a programming model of maximizing the weighted expected utility involving basic securities and contingent claim,and using techniques in optimization analysis,explicit expressions of the fair price interval for a contingent claim were derived. Relations between acceptable price interval and fair price interval were discussed. It is shown that all fair prices fit the demand for acceptability of a market.
基金the Social Sciences Youth Funded Project of Chinese Ministry of Education(No.10YJC630076)
文摘Game theories were used to study the problem which has one manufacturer and one supplier in this paper. of quality control in the two-echelon supply chain Firstly, a stackelberg game was introduced into the quality control of a two-echelon supply chain. In this general non-cooperative quality control game situation, the manufacturer acts as the leader, the optimal action policies were obtained for the manufacturer and the supplier. Then, a Nash bargaining model was used to analyze optimal action selection in the cooperative quality control game situation and to determine the profit segment between two supply chain members after collaboration. By comparison of two game equilibrium results above, it was found that the cooperative quality control game structure is superior to the general non-cooperative quality control game structure during the process of quality management in the two-echelon supply chain. Finally, a numerical example is given to illustrate the conclusion of this paper.
