Contract Analysis and Design for Supply Chains with Stochastic Demand, Softcover reprint of the original 1st ed. 2016 International Series in Operations Research & Management Science Series, Vol. 234

This book is devoted to analysis and design of supply chain contracts with stochastic demand.  Given the extensive utilization of contracts in supply chains, the issues concerning contract analysis and design are extremely important for supply chain management (SCM), and substantial research has been developed to address those issues over the past years. Despite the abundance of classical research, new research needs to be conducted in response to new issues emerging with the recent changing business environments, such as the fast-shortening life cycle of product and the increasing globalization of supply chains. This book addresses these issues, with the intention to present new research on how to apply contracts to improve SCM.

Contract Analysis and Design for Supply Chains with Stochastic Demand contains eight chapters and each chapter is summarized as follows: Chapter 1 provides a comprehensive review of the classical development of supply chain contracts. Chapter 2 examines the effects of demand uncertainty on the applicability of buyback contracts. Chapter 3 conducts a mean-risk analysis for wholesale price contracts, taking into account contracting value risk and risk preferences. Chapter 4 studies the optimization of product service system by franchise fee contracts in the service-oriented manufacturing supply chain with demand information asymmetry. Chapter 5 develops a bidirectional option contract model and explores the optimal contracting decisions and supply chain coordination issue with the bidirectional option. Chapter 6 addresses supply chain options pricing issue and a value-based pricing scheme is developed for the supply chain options. With a cooperative game theory approach, Chapter 7 explores the issues concerning supply chain contract selection/implementation with the option contract under consideration. Chapter 8 concludes the book and suggests worthy directions for future research.

Yingxue Zhao received his Ph.D. degree in Management Sciences and En- gineering from Institute of Systems Science, Academy of Mathematics and Systems Science, Chinese Academy of Sciences (CAS), in 2010. He is currently associate professor of Supply Chain Management at School of International Trade and Economics of University of International Business and Economics. He has received some academic awards including the “Outstanding Paper Award" awarded by IEEE Systems, Man and Cybernetics (SMC) and the “Excellent Research Award for Scientific Research of Universities (Humanities and Social Sciences)" awarded by Ministry of Education of China. His research interests mainly focus on Supply Chain Management, particularly on Supply Chain Contract. His research papers have been published in journals including Production and Operations Management, European Journal of Operational Research, Annals of Operations Research, International Journal of Production Research, Journal of the Operational Research Society, Journal of Optimization Theory and Applications, and International Journal of Production Economics.

Xiaoge Meng received her Master degree in Mathematics from College of Science, Shantou University, in 2006. During the Master period, her research interests mainly focused on Complex Analysis and Harmonic Analysis. Research papers of the relevant fields have been published in journals including Abstract and Applied Analysis, Applied Mathematics and Computation, and Journal of Systems Science and Complexity. Currently, as a Ph.D. student of School of Economics and Management at Beijing University of Aeronautics & Astronautics, her research interests have transferred to the area of Supply Chain Management. Over the years, she has received some academic awards including the “Excellent Paper Award" awarded by the 10th Annual Meeting of the Chinese Logistics Society (CLS).

Shouyang Wang received his Ph.D. deg