Li, Shanling; Murat, Alper; Huang, Wanzhen - In: European Journal of Operational Research 198 (2009) 3, pp. 830-847
In this paper, we consider a supply contracting problem in which the buyer firm faces non-stationary stochastic price and demand. First, we derive analytical results to compare two pure strategies: (i) periodically purchasing from the spot market; and (ii) signing a long-term contract with a...