Proceedings of the 2022 3rd International Conference on Management Science and Engineering Management (ICMSEM 2022)

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Option Reserve Model of Emergency Materials for Government and Enterprises Under Rotation Based on Numerical Calculation

Authors
Mengchun Li1, Jian Li1, Yongwu Li1, *, Xuefan Dong1
1Research Base of Beijing Modern Manufacturing Development, College of Economics and Management, Beijing University of Technology, Beijing, 100124, China
*Corresponding author. Email: liyw555@163.com
Corresponding Author
Yongwu Li
Available Online 15 December 2022.
DOI
10.2991/978-94-6463-038-1_31How to use a DOI?
Keywords
emergency materials alteration; option contracts; government enterprise joint reserve; numerical calculation
Abstract

The emergency materials reserve faces the risk of shortage and waste of expiration at the same time. Combined with the phenomenon that the government attaches great importance to the measures of emergency materials rotation, this paper first establishes the model of government’s separate emergency supplies reserve under rotation (RGSR) and proves that the reserve quantity of government is greater than that in the government’s separate emergency supplies reserve without rotation (GSR). Then, the paper puts forward the option reserve model of government and enterprise emergency materials under rotation (RGEOR), and proves that under RGEOR the government can reduce the self-stored materials but increase the total reserve, so as to reduce the pressure of government reserve under the condition of ensuring the emergency support capacity. Finally, a numerical experiment is given to analyze the impact of rotation on supplier’s profit and the reserve quantity of government.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 3rd International Conference on Management Science and Engineering Management (ICMSEM 2022)
Series
Atlantis Highlights in Engineering
Publication Date
15 December 2022
ISBN
978-94-6463-038-1
ISSN
2589-4943
DOI
10.2991/978-94-6463-038-1_31How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Mengchun Li
AU  - Jian Li
AU  - Yongwu Li
AU  - Xuefan Dong
PY  - 2022
DA  - 2022/12/15
TI  - Option Reserve Model of Emergency Materials for Government and Enterprises Under Rotation Based on Numerical Calculation
BT  - Proceedings of the 2022 3rd International Conference on Management Science and Engineering Management (ICMSEM 2022)
PB  - Atlantis Press
SP  - 333
EP  - 344
SN  - 2589-4943
UR  - https://doi.org/10.2991/978-94-6463-038-1_31
DO  - 10.2991/978-94-6463-038-1_31
ID  - Li2022
ER  -