The Study Of Purchasing Strategy Of Company A Considering Capital Constraint Based On Option Contracts

In present society,the economy is moving forward in the direction of integration all over the word.Under this background,the customer demand has gradually become more personalized for the sales and service industries.Uncertainty in market demand has increased,and corporate purchasing strategy models have increasingly changed.In the supply chain,enterprises make priority in considering their own target profits,so the maximum profit of the supply chain is neglected,resulting in a decline in supply chain performance.In terms of the circumstance,a series of studies on this issue have been made at home and abroad.The study of supply chain contract is one of research directions.From the perspective of economics,resources are always scarce and procurement funds are especially important.Therefore,it is necessary to consider the constraints of funds in purchasing behavior and it is also of great significance for coordinating the entire supply chain.The thesis focuses on the research of supply chain and related management.The whole research background is introduced.The research status of supply chain coordination and procurement behavior is reviewed through the analysis of the research status at home and abroad.Compared with previous research,the innovation of this thesis is analyzed.Then the thesis introduces introduce the procurement business status of the company named A.It analyzes the company’s procurement management issues and provides relevant solutions to its procurement problems by analyzing its company’s organizational framework and procurement process.Afterwards,the supply chain contract model was introduced for coordination and the appropriate supply chain option contract was designed for Company A for the procurement problem of it.This procurement model involves three procurement decisions.The forecast situation can be adjusted twice,so the forecast can be eliminated to the greatest extent.The risk of mismatch between supply and demand,especially the risk of out-of-stocks,has been minimized.Considering the one-way option and the two-way option for this contract model,the most purchasing strategies under the two options are given respectively.The thesis innovatively introduces funding constraints and analyzes the model considering one-way(call)options.The Kuhn-Tucker condition in nonlinear programming is introduced to analyze the influence of purchasing funds on the ordering decision of the company A.The optimal ordering strategy under different fund scarcity levels is obtained to guide the decision-making situation of the Company A procurement stage.In the end,an example analysis is carried out for a certain product of Company A,and the option contract model is matched to realize the coordination role of supply chain.