Many companies are facing the challenges of dynamic market and capital shortage. To overcome these challenges, we examine the case in which the company develops early sales strategy that entices customers to commit to their orders at a discount price prior to the selling season. The time between...

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...