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 … in the degree of risk aversion. The relationship between the optimal contract quantity and the degree of risk aversion … levels between a combined strategy and a spot sourcing strategy. It shows that a combined strategy is optimal for a risk …