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Options are introduced into supply chain management to improve the capability of handling demand uncertainty and hence seek better performance of the participants. An option model based on the newsvendor problem is presented to quantify and price a trading contract in a supply chain. With trading options, buyers (or retailers) can either order products from suppliers or purchase options from other retailers, and decide whether to buy or sell their remaining options in the second period afterdoi:10.1504/ijtm.1998.002661 fatcat:dyj5prjsx5bgndpl3o57xnoy6y