Abstract
Under the Conditional Value-at-Risk (CVaR) criterion, risk diversification contract has a Pareto improvement and can allocate system performance appropriately in both symmetrical and asymmetrical demand information. In addition, this contract can coordinate supply chain and has a larger market than an option, capacity reservation, payback, revenue-sharing contract under the symmetrical demand information.
Original language | English |
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Pages (from-to) | 255-275 |
Number of pages | 21 |
Journal | Transportation Research Part E: Logistics and Transportation Review |
Volume | 106 |
DOIs | |
Publication status | Published - 1 Oct 2017 |
Keywords
- Capacity investment
- Coordination
- Nash bargaining
- Risk averse
ASJC Scopus subject areas
- Business and International Management
- Civil and Structural Engineering
- Transportation