Feng, Yi; Mu, Yinping; Hu, Benyong; Kumar, Arun - In: International Journal of Production Economics 153 (2014) C, pp. 230-237
This paper investigates a purchasing contract with options under capital constraint and credit support from a financial institution. The buyer, who has limited capital, can buy commodity options and a fixed order, and choose to exercise all or part of the options at a later time. We characterize...