{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,5,3]],"date-time":"2026-05-03T03:06:36Z","timestamp":1777777596982,"version":"3.51.4"},"reference-count":26,"publisher":"Emerald","issue":"1-2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2017,12,21]]},"abstract":"<jats:p>The primary focus of this paper is supply risk mitigation. though, its objectives are twofold. First, we develop a generic contingent claims model framed as an exercise in stochastic optimal control. The model is easily adjusted to a number of risk-based operational problems. Second, we adapt the model to the problem of supply uncertainty and the valuation of a fixed price contract with a focus on managing supply uncertainty through a portfolio based risk sharing framework. The risk and reward tradeoffs characterizing our general findings in this chapter indicate a subtle balance between supply risk, sourcing allocations and related costs, and accordingly, the resulting operational strategies considered. Given this setup, increased supplier-portfolio risk is a defining measure in establishing optimal operating policies, with the caveat that increases in the supplier portfolio\u2019s volatility, also increase shortages which lowers the contract\u2019s value.<\/jats:p>","DOI":"10.1561\/0200000079","type":"journal-article","created":{"date-parts":[[2017,12,21]],"date-time":"2017-12-21T08:54:23Z","timestamp":1513846463000},"page":"65-88","source":"Crossref","is-referenced-by-count":0,"title":["Managing Supply Risk in Fixed Price Contracts: A Contingent Claims Perspective"],"prefix":"10.1108","volume":"11","author":[{"given":"Bardia","family":"Kamrad","sequence":"first","affiliation":[{"name":"Georgetown University, McDonough School of Business ,","place":["USA"]}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Ran","family":"Ji","sequence":"additional","affiliation":[{"name":"George Mason University, Volgenau School of Engineering 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