关键词: 应急物资储备, 政企联合, 实物期权契约, 合作可行性

Abstract:

According to the practical needs of emergency management in China, this paper studies the joint reserve mode between government and enterprises of emergency materials based on the real option contract. Besides, according to the characteristics of emergency materials suitable for the real option contract, it builds the expected cost function of the government and the expected profit function of enterprises, and proposes the government-enterprise joint reserve model of emergency materials. In addition, it analyzes and compares the optimal reserve problem with or without option cooperation contract and reveals the key factors that influence the government reserve decision in different reserve modes. In addition, based on the discussion the constraints of cooperation feasibility, it studies the value range of option price and execution price, analyzes the impact of the unit inventory cost ratio between government and enterprise and the probability of emergencies on the reserve decision and cooperation feasibility, using a numerical example. The research shows that the real option contract between government and enterprises can effectively improve the support ability of the emergency system and reduce the unit emergency support cost of the government, increase the profits of enterprises, and achieve a win-win cooperation.

Key words: emergency materials reserve, government-enterprise joint, real option contract, cooperation feasibility