{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,4,2]],"date-time":"2026-04-02T06:43:00Z","timestamp":1775112180371,"version":"3.50.1"},"reference-count":52,"publisher":"Emerald","issue":"7","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2018,9,28]]},"abstract":"<jats:sec>\n                  <jats:title>Purpose<\/jats:title>\n                  <jats:p>The purpose of this paper is to value put option contracts in hedging the risks in a supply chain consisting of a component supplier with random yield and a manufacturer facing stochastic demand for end products.<\/jats:p>\n               <\/jats:sec>\n               <jats:sec>\n                  <jats:title>Design\/methodology\/approach<\/jats:title>\n                  <jats:p>This paper adopts stochastic inventory theory, game theory, optimization theory and algorithm and MATLAB numerical simulation to investigate the manufacturer\u2019s ordering and the supplier\u2019s production strategies, and to study the coordination and optimization strategies in the context of random yield and demand.<\/jats:p>\n               <\/jats:sec>\n               <jats:sec>\n                  <jats:title>Findings<\/jats:title>\n                  <jats:p>The authors find that put options can not only facilitate the manufacturer\u2019s order but also the supplier\u2019s production, that is, the manufacturer and the supplier can effectively manage their involved risks and earn more expected profits by adopting put options. Further, the authors find that the single put option contract fails to coordinate such a supply chain. However, when combined with a protocol, it is able to coordinate the supply chain.<\/jats:p>\n               <\/jats:sec>\n               <jats:sec>\n                  <jats:title>Originality\/value<\/jats:title>\n                  <jats:p>This paper is the first effort to study the intersection of put option contracts and random yield in the presence of a spot market. From a new perspective, the authors explore the supply chain coordination. The authors propose a mechanism to coordinate the supply chain under put option contracts.<\/jats:p>\n               <\/jats:sec>","DOI":"10.1108\/imds-09-2017-0393","type":"journal-article","created":{"date-parts":[[2018,7,10]],"date-time":"2018-07-10T10:51:47Z","timestamp":1531219907000},"page":"1477-1497","source":"Crossref","is-referenced-by-count":18,"title":["Using put option contracts in supply chains to manage demand and supply uncertainty"],"prefix":"10.1108","volume":"118","author":[{"given":"Jiarong","family":"Luo","sequence":"first","affiliation":[{"name":"Southwest University of Science and Technology , Mianyang,","place":["China"]}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Xiaolin","family":"Zhang","sequence":"additional","affiliation":[{"name":"Chengdu Sports University , Chengdu,","place":["China"]}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Chong","family":"Wang","sequence":"additional","affiliation":[{"name":"Sichuan Agricultural University School of Management, , Chengdu,","place":["China"]}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"140","published-online":{"date-parts":[[2018,7,10]]},"reference":[{"issue":"1","key":"2025072819524458100_ref001","doi-asserted-by":"crossref","first-page":"42","DOI":"10.1016\/j.ijpe.2016.05.001","article-title":"A revenue-sharing option contract toward coordination of supply chains","volume":"178","author":"Arani","year":"2016","journal-title":"International Journal of Production Economics"},{"issue":"3","key":"2025072819524458100_ref002","doi-asserted-by":"crossref","first-page":"171","DOI":"10.1287\/msom.4.3.171.7754","article-title":"Coordination and flexibility in supply contracts with options","volume":"4","author":"Barnes-Schuster","year":"2002","journal-title":"Manufacturing and Service Operations Management"},{"issue":"3","key":"2025072819524458100_ref003","doi-asserted-by":"crossref","first-page":"637","DOI":"10.1086\/260062","article-title":"The pricing of options and corporate liabilities","volume":"81","author":"Black","year":"1973","journal-title":"Journal of Political Economy"},{"issue":"1","key":"2025072819524458100_ref004","doi-asserted-by":"crossref","first-page":"39","DOI":"10.2307\/2330286","article-title":"Capital investment under uncertainty with abandonment options","volume":"12","author":"Bonini","year":"1977","journal-title":"Journal of Financial and Quantitative Analysis"},{"issue":"3","key":"2025072819524458100_ref005","doi-asserted-by":"crossref","first-page":"461","DOI":"10.2307\/2330152","article-title":"Finite difference methods and jump processes arising in the pricing of contingent claims: a synthesis","volume":"13","author":"Brennan","year":"1978","journal-title":"Journal of Financial and Quantitative Analysis"},{"issue":"4","key":"2025072819524458100_ref006","doi-asserted-by":"crossref","first-page":"566","DOI":"10.1287\/mnsc.1040.0342","article-title":"Option pricing with downward-sloping demand curves: the case of supply chain options","volume":"51","author":"Burnetas","year":"2005","journal-title":"Management Science"},{"key":"2025072819524458100_ref300","first-page":"229","article-title":"Supply chain coordination with contracts","author":"Cachon","year":"2003","journal-title":"Handbooks in Operations Research and Management Science"},{"issue":"1","key":"2025072819524458100_ref007","doi-asserted-by":"crossref","first-page":"143","DOI":"10.1016\/j.ejor.2017.01.043","article-title":"Flexible contract design for VMI supply chain with service-sensitive demand: revenue-sharing and supplier subsidy","volume":"261","author":"Cai","year":"2017","journal-title":"European Journal of Operational Research"},{"issue":"1","key":"2025072819524458100_ref008","doi-asserted-by":"crossref","first-page":"15","DOI":"10.1007\/s10551-015-2539-y","article-title":"When do firms invest in corporate social responsibility? 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