{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,12,11]],"date-time":"2025-12-11T02:57:24Z","timestamp":1765421844660},"reference-count":32,"publisher":"Springer Science and Business Media LLC","issue":"1","license":[{"start":{"date-parts":[[2012,8,9]],"date-time":"2012-08-09T00:00:00Z","timestamp":1344470400000},"content-version":"tdm","delay-in-days":0,"URL":"http:\/\/www.springer.com\/tdm"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Ann Oper Res"],"published-print":{"date-parts":[[2012,12]]},"DOI":"10.1007\/s10479-012-1194-2","type":"journal-article","created":{"date-parts":[[2012,8,8]],"date-time":"2012-08-08T16:13:23Z","timestamp":1344442403000},"page":"287-305","source":"Crossref","is-referenced-by-count":12,"title":["Purchasing decisions under stochastic prices: Approximate solutions for order time, order quantity and supplier selection"],"prefix":"10.1007","volume":"201","author":[{"given":"Xiangling","family":"Hu","sequence":"first","affiliation":[]},{"given":"Charles L.","family":"Munson","sequence":"additional","affiliation":[]},{"given":"Stergios B.","family":"Fotopoulos","sequence":"additional","affiliation":[]}],"member":"297","published-online":{"date-parts":[[2012,8,9]]},"reference":[{"issue":"3","key":"1194_CR1","doi-asserted-by":"crossref","first-page":"446","DOI":"10.1287\/opre.40.3.446","volume":"40","author":"W. Avery","year":"1992","unstructured":"Avery, W., Brown, G. G., Rosenkranz, J. A., & Wood, R. K. (1992). Optimization of purchase, storage and transmission contracts for natural gas utilities. Operations Research, 40(3), 446\u2013462.","journal-title":"Operations Research"},{"issue":"5","key":"1194_CR2","first-page":"373","volume":"29","author":"Y. Bassok","year":"1997","unstructured":"Bassok, Y., & Anupindi, R. (1997). Analysis of supply contracts with total minimum commitment. IIE Transactions, 29(5), 373\u2013381.","journal-title":"IIE Transactions"},{"issue":"2","key":"1194_CR3","doi-asserted-by":"crossref","first-page":"1804","DOI":"10.1287\/mnsc.1050.0435","volume":"51","author":"P. Berling","year":"2005","unstructured":"Berling, P., & Rosling, K. (2005). The effects of financial risks on inventory policy. Management Science, 51(2), 1804\u20131816.","journal-title":"Management Science"},{"issue":"1","key":"1194_CR4","doi-asserted-by":"crossref","first-page":"63","DOI":"10.1007\/s10479-006-6161-3","volume":"142","author":"M. Bertocchi","year":"2006","unstructured":"Bertocchi, M., Moriggia, V., & Dupa\u010dov\u00e1, J. (2006). Horizon and stages in applications of stochastic programming in finance. Annals of Operations Research, 142(1), 63\u201378.","journal-title":"Annals of Operations Research"},{"issue":"3","key":"1194_CR5","doi-asserted-by":"crossref","first-page":"65","DOI":"10.2307\/3665826","volume":"19","author":"P. Bjerksund","year":"1990","unstructured":"Bjerksund, P., & Steinar, E. (1990). Managing investment opportunities under price uncertainty: from \u201clast chance\u201d to \u201cwait and see\u201d strategies. Financial Management, 19(3), 65\u201384.","journal-title":"Financial Management"},{"issue":"3","key":"1194_CR6","doi-asserted-by":"crossref","first-page":"637","DOI":"10.1086\/260062","volume":"81","author":"F. Black","year":"1973","unstructured":"Black, F., & Scholes, M. (1973). The pricing of options and corporate liabilities. Journal of Political Economy, 81(3), 637\u2013654.","journal-title":"Journal of Political Economy"},{"issue":"1","key":"1194_CR7","doi-asserted-by":"crossref","first-page":"21","DOI":"10.1007\/s10479-005-6233-9","volume":"135","author":"L. E. Brandao","year":"2005","unstructured":"Brandao, L. E., & Dyer, J. S. (2005). Decision analysis and real options: a discrete time approach to real option valuation. Annals of Operations Research, 135(1), 21\u201339.","journal-title":"Annals of Operations Research"},{"issue":"2","key":"1194_CR8","doi-asserted-by":"crossref","first-page":"226","DOI":"10.1287\/opre.49.2.226.13528","volume":"49","author":"F. Chen","year":"2001","unstructured":"Chen, F., & Song, J. S. (2001). Optimal policies for multiechelon inventory problems with Markov-modulated demand. Operations Research, 49(2), 226\u2013237.","journal-title":"Operations Research"},{"issue":"3","key":"1194_CR9","doi-asserted-by":"crossref","first-page":"229","DOI":"10.1016\/0304-405X(79)90015-1","volume":"7","author":"J. C. Cox","year":"1979","unstructured":"Cox, J. C., Ross, S. A., & Rubinstein, M. (1979). Options pricing: a simplified approach. Journal of Financial Economics, 7(3), 229\u2013263.","journal-title":"Journal of Financial Economics"},{"issue":"2","key":"1194_CR10","doi-asserted-by":"crossref","first-page":"389","DOI":"10.1214\/aoap\/1177004770","volume":"5","author":"A. Dassios","year":"1995","unstructured":"Dassios, A. (1995). The distribution of the quantile of a Brownian motion with drift and the pricing of related path-dependent options. The Annals of Applied Probability, 5(2), 389\u2013398.","journal-title":"The Annals of Applied Probability"},{"issue":"1","key":"1194_CR11","doi-asserted-by":"crossref","first-page":"253","DOI":"10.1016\/j.ejor.2007.08.022","volume":"191","author":"S. B. Fotopoulos","year":"2008","unstructured":"Fotopoulos, S. B., Hu, X., & Munson, C. L. (2008). Flexible supply contracts under price uncertainty. European Journal of Operational Research, 191(1), 253\u2013263.","journal-title":"European Journal of Operational Research"},{"issue":"1","key":"1194_CR12","doi-asserted-by":"crossref","first-page":"80","DOI":"10.1111\/j.1937-5956.2005.tb00011.x","volume":"14","author":"X. Gan","year":"2005","unstructured":"Gan, X., Sethi, S., & Yan, H. (2005). Channel coordination with a risk-neutral supplier and a downside-risk-averse retailer. Production and Operations Management, 14(1), 80\u201389.","journal-title":"Production and Operations Management"},{"issue":"1","key":"1194_CR13","doi-asserted-by":"crossref","first-page":"169","DOI":"10.1007\/s10479-008-0367-5","volume":"168","author":"S. He","year":"2009","unstructured":"He, S., Chaudhry, S. S., Lei, Z., & Baohua, W. (2009). Stochastic vendor selection problem: chance-constrained and genetic algorithms. Annals of Operations Research, 168(1), 169\u2013179.","journal-title":"Annals of Operations Research"},{"key":"1194_CR14","doi-asserted-by":"crossref","DOI":"10.1007\/978-1-4684-0302-2","volume-title":"Brownian motion and stochastic calculus","author":"I. Karatzas","year":"1988","unstructured":"Karatzas, I., & Shreve, S. E. (1988). Brownian motion and stochastic calculus. New York: Springer."},{"issue":"1","key":"1194_CR15","doi-asserted-by":"crossref","first-page":"50","DOI":"10.1287\/inte.24.1.50","volume":"24","author":"P. Katz","year":"1994","unstructured":"Katz, P., Sadrian, A., & Tendick, P. (1994). Telephone companies analyze price quotations with Bellcore\u2019s PDSS software. Interfaces, 24(1), 50\u201363.","journal-title":"Interfaces"},{"issue":"10","key":"1194_CR16","doi-asserted-by":"crossref","first-page":"1378","DOI":"10.1287\/mnsc.45.10.1378","volume":"45","author":"C. Li","year":"1999","unstructured":"Li, C., & Kouvelis, P. (1999). Flexible and risk-sharing supply contracts under price uncertainty. Management Science, 45(10), 1378\u20131398.","journal-title":"Management Science"},{"issue":"3","key":"1194_CR17","doi-asserted-by":"crossref","first-page":"830","DOI":"10.1016\/j.ejor.2008.09.038","volume":"198","author":"S. Li","year":"2009","unstructured":"Li, S., Murat, A., & Huang, W. (2009). Selection of contract suppliers under price and demand uncertainty in a dynamic market. European Journal of Operational Research, 198(3), 830\u2013847.","journal-title":"European Journal of Operational Research"},{"issue":"1","key":"1194_CR18","doi-asserted-by":"crossref","first-page":"90","DOI":"10.1111\/j.1937-5956.2005.tb00012.x","volume":"14","author":"V. Mart\u00ednez-de-Alb\u00e9niz","year":"2005","unstructured":"Mart\u00ednez-de-Alb\u00e9niz, V., & Simchi-Levi, D. (2005). A portfolio approach to procurement contracts. Production and Operations Management, 14(1), 90\u2013114.","journal-title":"Production and Operations Management"},{"key":"1194_CR19","doi-asserted-by":"crossref","DOI":"10.1093\/oso\/9780195074307.001.0001","volume-title":"Games, strategies and managers","author":"J. McMillan","year":"1992","unstructured":"McMillan, J. (1992). Organizing a network of subcontractors. In Games, strategies and managers (Chap.\u00a013). New York: Oxford University Press."},{"issue":"1","key":"1194_CR20","doi-asserted-by":"crossref","first-page":"243","DOI":"10.1007\/s10479-006-6170-2","volume":"142","author":"V. Messina","year":"2006","unstructured":"Messina, V., & Bosetti, V. (2006). Integrating stochastic programming and decision tree techniques in land conversion problems. Annals of Operations Research, 142(1), 243\u2013258.","journal-title":"Annals of Operations Research"},{"issue":"6","key":"1194_CR21","doi-asserted-by":"crossref","first-page":"970","DOI":"10.1287\/mnsc.1050.0359","volume":"51","author":"J. M. Milner","year":"2005","unstructured":"Milner, J. M., & Kouvelis, P. (2005). Order quantity and timing flexibility in supply chains: the role of demand characteristics. Management Science, 51(6), 970\u2013985.","journal-title":"Management Science"},{"issue":"1","key":"1194_CR22","doi-asserted-by":"crossref","first-page":"51","DOI":"10.1287\/inte.1070.0333","volume":"38","author":"V. Nagali","year":"2008","unstructured":"Nagali, V., Hwang, J., Sanghera, D., Gaskins, M., Pridgen, M., Thurston, T., Mackenroth, P., Branvold, D., Scholler, P., & Shoemaker, G. (2008) Procurement risk management (PRM) at Hewlett-Packard Company. Interfaces, 38(1), 51\u201360.","journal-title":"Interfaces"},{"key":"1194_CR23","doi-asserted-by":"crossref","DOI":"10.1007\/978-3-662-03185-8","volume-title":"Stochastic differential equations","author":"B. \u00d8ksendal","year":"1995","unstructured":"\u00d8ksendal, B. (1995). Stochastic differential equations. New York: Springer."},{"issue":"1\u20134","key":"1194_CR24","doi-asserted-by":"crossref","first-page":"231","DOI":"10.1023\/B:ANOR.0000012283.36012.e8","volume":"126","author":"J. C. Paschalidis","year":"2004","unstructured":"Paschalidis, J. C., Liu, Y., Cassandras, C. G., & Panayiotou, C. (2004). Inventory control for supply chains with service level constraints: a synergy between large deviations and perturbation analysis. Annals of Operations Research, 126(1\u20134), 231\u2013258.","journal-title":"Annals of Operations Research"},{"issue":"4","key":"1194_CR25","doi-asserted-by":"crossref","first-page":"458","DOI":"10.1111\/j.1937-5956.2002.tb00472.x","volume":"11","author":"B. Peleg","year":"2002","unstructured":"Peleg, B., Lee, H. L., & Hausman, W. H. (2002). Short-term e-procurement strategies versus long-term contracts. Production and Operations Management, 11(4), 458\u2013479.","journal-title":"Production and Operations Management"},{"key":"1194_CR26","series-title":"Handbooks in operations research and management science","volume-title":"Stochastic programming","year":"2003","unstructured":"Ruszczy\u0144ski, A. & Shapiro, A. (Eds.) (2003). Stochastic programming. Handbooks in operations research and management science (Vol.\u00a010). Amsterdam: Elsevier."},{"issue":"3","key":"1194_CR27","doi-asserted-by":"crossref","first-page":"781","DOI":"10.1016\/S0377-2217(02)00754-3","volume":"152","author":"R. W. Seifert","year":"2004","unstructured":"Seifert, R. W., Thonemann, U. W., & Hausman, W. H. (2004). Optimal procurement strategies for online spot markets. European Journal of Operational Research, 152(3), 781\u2013799.","journal-title":"European Journal of Operational Research"},{"issue":"4","key":"1194_CR28","doi-asserted-by":"crossref","first-page":"691","DOI":"10.1111\/j.1540-5915.2004.02873.x","volume":"35","author":"S. P. Sethi","year":"2004","unstructured":"Sethi, S. P., Yan, H., & Zhang, H. (2004). Quantity flexibility contracts: optimal decisions with information updates. Decision Sciences, 35(4), 691\u2013711.","journal-title":"Decision Sciences"},{"issue":"1","key":"1194_CR29","doi-asserted-by":"crossref","first-page":"61","DOI":"10.1137\/1139003","volume":"39","author":"A. N. Shiryaev","year":"1994","unstructured":"Shiryaev, A. N., Kabanov, Y. M., Kramkov, D. O., & Melnikov, A. V. (1994). Toward the theory of pricing of options of both European and American types. II. Continuous time. Theory of Probability and Its Applications, 39(1), 61\u2013102.","journal-title":"Theory of Probability and Its Applications"},{"issue":"2","key":"1194_CR30","doi-asserted-by":"crossref","first-page":"353","DOI":"10.1016\/S0377-2217(03)00121-8","volume":"156","author":"R. S. Tibben-Lembke","year":"2004","unstructured":"Tibben-Lembke, R. S. (2004). N-period contracts with ordering constraints and total minimum commitments: optimal and heuristic solutions. European Journal of Operational Research, 156(2), 353\u2013374.","journal-title":"European Journal of Operational Research"},{"issue":"10","key":"1194_CR31","doi-asserted-by":"crossref","first-page":"1339","DOI":"10.1287\/mnsc.45.10.1339","volume":"45","author":"A. A. Tsay","year":"1999","unstructured":"Tsay, A. A. (1999). The quantity flexibility contract and supplier-customer incentives. Management Science, 45(10), 1339\u20131358.","journal-title":"Management Science"},{"issue":"1\u20134","key":"1194_CR32","doi-asserted-by":"crossref","first-page":"227","DOI":"10.1023\/A:1019296422231","volume":"100","author":"J. Wu","year":"2000","unstructured":"Wu, J., & Sen, S. (2000). A stochastic programming model for currency option hedging. Annals of Operations Research, 100(1\u20134), 227\u2013249.","journal-title":"Annals of Operations Research"}],"container-title":["Annals of Operations Research"],"original-title":[],"language":"en","link":[{"URL":"http:\/\/link.springer.com\/content\/pdf\/10.1007\/s10479-012-1194-2.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/link.springer.com\/article\/10.1007\/s10479-012-1194-2\/fulltext.html","content-type":"text\/html","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/link.springer.com\/content\/pdf\/10.1007\/s10479-012-1194-2","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,4,28]],"date-time":"2024-04-28T08:07:55Z","timestamp":1714291675000},"score":1,"resource":{"primary":{"URL":"http:\/\/link.springer.com\/10.1007\/s10479-012-1194-2"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2012,8,9]]},"references-count":32,"journal-issue":{"issue":"1","published-print":{"date-parts":[[2012,12]]}},"alternative-id":["1194"],"URL":"https:\/\/doi.org\/10.1007\/s10479-012-1194-2","relation":{},"ISSN":["0254-5330","1572-9338"],"issn-type":[{"value":"0254-5330","type":"print"},{"value":"1572-9338","type":"electronic"}],"subject":[],"published":{"date-parts":[[2012,8,9]]}}}