Wu, Qiao; Chen, Andy - In: Journal of industrial engineering and management : JIEM 8 (2015) 4, pp. 1087-1102
in the degree of risk aversion. If the contract price increases, the total quantity purchased in period 1 will increase … from a long-term contract supplier and a spot market under spot price uncertainty. Design/methodology/approach: This … vary with the trend of contract prices. If the contract price falls, the total quantity purchased in period 1 will decrease …