| Issue |
SHS Web of Conf.
Volume 166, 2023
2022 International Conference on Education Innovation and Modern Management (EIMM 2022)
|
|
|---|---|---|
| Article Number | 01075 | |
| Number of page(s) | 6 | |
| DOI | https://doi.org/10.1051/shsconf/202316601075 | |
| Published online | 05 May 2023 | |
Research on optimal supply decision of manufacturers considering futures purchase under deferred payment
School of Economics and Management, Chongqing Jiaotong University, Chongqing, China
* Corresponding author: xingqingsong_2003@126.com
Taking the three-level supply chain consisting of a single supplier, a manufacturer and a strong brand as the research object, the manufacturer's optimal supply decision model is constructed, which considers the futures purchase under the deferred payment of the brand, and it is proved that the optimal solution not only exists but also is unique. Then, the influence of parameter variation on the optimal ordering strategy was analyzed by numerical example simulation and sensitivity analysis. The results show that when the period of deferred payment to the manufacturer is extended and the price discount is strengthened, the manufacturer can purchase from the futures market to lock the price and make up for its income loss through the supplier's delayed payment. Production rate should also be controlled, too high or too low production rate will affect the manufacturer's production cycle.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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