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How to cite this paper
APA: Liu, Y., Yin, L., Li, M & Cao, Q. (2026). A model for emergency supplies reserves with option contracts: Considering supplier loss aversion and government inequity aversion. International Journal of Industrial Engineering Computations, 17(3), 999-1022.
Chicago/Turabian: Liu, Y., Yin, L., Li, M & Cao, Q. 2026. "A model for emergency supplies reserves with option contracts: Considering supplier loss aversion and government inequity aversion." International Journal of Industrial Engineering Computations 17, no. 3 (2026): 999-1022.
AMA: Liu, Y., Yin, L., Li, M & Cao, Q. A model for emergency supplies reserves with option contracts: Considering supplier loss aversion and government inequity aversion. International Journal of Industrial Engineering Computations. 2026;17(3):999-1022.
References
Aghajani, M., Torabi, S. A., & Heydari, J. (2020). A novel option contract integrated with supplier selection and inventory prepositioning for humanitarian relief supply chains. Socio-Economic Planning Sciences, 71, Article 100780. https://doi.org/10.1016/j.seps.2019.100780
Ai, Y., Tian, J., & Feng, G. (2024). Pre-positioning and procurement strategy for relief supplies with the critical raw material participation. Computers & Industrial Engineering, 187, Article 109780. https://doi.org/10.1016/j.cie.2023.109780
Bai, T., Feng, G., & Wu, M. (2025). A newsvendor model with multiple reference points: Target-setting for aspirational newsvendors. European Journal of Operational Research, 320(3), 655–669. https://doi.org/10.1016/j.ejor.2024.09.015
Bai, T., Kirshner, S. N., & Wu, M. (2021). Managing overconfident newsvendors: A target‐setting approach. Production and Operations Management, 30(11), 3967–3986. https://doi.org/10.1111/poms.13490
Bai, T., Wu, M., & Zhu, S. (2019). Pricing and ordering by a loss averse newsvendor with reference dependence. Transportation Research Part E: Logistics and Transportation Review, 131, 343–365. https://doi.org/10.1016/j.tre.2019.10.003
Bolton, G. E., & Ockenfels, A. (2000). ERC: A theory of equity, reciprocity, and competition. The American Economic Review, 90(1), 166–193. https://doi.org/10.1257/aer.90.1.166
Chanta, S., Mayorga, M. E., Kurz, M. E., & McLay, L. A. (2011). The minimum p-envy location problem: A new model for equitable distribution of emergency resources. IIE Transactions on Healthcare Systems Engineering, 1(2), 101–115. https://doi.org/10.1080/19488300.2011.609522
Charness, G., & Rabin, M. (2002). Understanding social preferences with simple tests. The Quarterly Journal of Economics, 117(3), 817–869. https://doi.org/10.1162/003355302760193904
Chen, X., Hao, G., & Li, L. (2014). Channel coordination with a loss-averse retailer and option contracts. International Journal of Production Economics, 150, 52–57. https://doi.org/10.1016/j.ijpe.2013.12.004
Cheng, J., Feng, X., & Bai, X. (2021). Modeling equitable and effective distribution problem in humanitarian relief logistics by robust goal programming. International Journal of Production Economics, 155, Article 107183. https://doi.org/10.1016/j.cie.2021.107183
Cui, T. H., Raju, J. S., & Zhang, Z. (2007). Fairness and channel coordination. Management Science, 53(8), 1303–1314. https://doi.org/10.1287/mnsc.1060.0697
Đula, I., & Größler, A. (2021). Inequity aversion in dynamically complex supply chains. European Journal of Operational Research, 291(1), 309–322. https://doi.org/10.1016/j.ejor.2020.09.038
Fehr, E., & Schmidt, K. M. (1999). A theory of fairness, competition and cooperation. The Quarterly Journal of Economics, 114(3), 817–868. https://doi.org/10.1162/003355399556151
Feng, T., Keller, L. R., & Zheng, X. (2011). Decision making in the newsvendor problem: A cross-national laboratory study. Omega, 39(1), 41–50. https://doi.org/10.1016/j.omega.2010.02.003
Gao, X., & Tian, J. (2018). Multi-period incentive contract design in the agent emergency supplies reservation strategy with asymmetric information. Computers & Industrial Engineering, 120, 94–102. https://doi.org/10.1016/j.cie.2018.04.030
Ghavamifar, A., Torabi, S. A., & Moshtari, M. (2022). A hybrid relief procurement contract for humanitarian logistics. Transportation Research Part E: Logistics and Transportation Review, 167, Article 102916. https://doi.org/10.1016/j.tre.2022.102916
Gutjahr, W. J., & Fischer, S. (2018). Equity and deprivation costs in humanitarian logistics. European Journal of Operational Research, 270(1), 185–197. https://doi.org/10.1016/j.ejor.2018.03.019
Hu, B., Meng, C., Xu, D., & Son, Y. J. (2016). Three-echelon supply chain coordination with a loss-averse retailer and revenue sharing contracts. International Journal of Production Economics, 179, 192–202. https://doi.org/10.1016/j.ijpe.2016.06.001
Hu, S., & Dong, Z. S. (2019). Supplier selection and pre-positioning strategy in humanitarian relief. Omega, 83, 287–298. https://doi.org/10.1016/j.omega.2018.10.011
Hu, Z., Tian, J., & Feng, G. (2019). A relief supplies purchasing model based on a put option contract. Computers & Industrial Engineering, 127, 253–262. https://doi.org/10.1016/j.cie.2018.12.015
Huang, H., Wu, D., & Xu, H. (2025). Signaling or not? The pricing strategy under fairness concerns and cost information asymmetry. European Journal of Operational Research, 321(3), 789–799. https://doi.org/10.1016/j.ejor.2024.10.006
Huang, M., Smilowitz, K., & Balcik, B. (2012). Models for relief routing: Equity, efficiency and efficacy. Transportation Research Part E: Logistics and Transportation Review, 48(1), 2–18. https://doi.org/10.1016/j.tre.2011.05.004
Jian, J., Li, B., Zhang, N., & Su, J. (2021). Decision-making and coordination of green closed-loop supply chain with fairness concern. Journal of Cleaner Production, 298, Article 126779. https://doi.org/10.1016/j.jclepro.2021.126779
John, L., & Gurumurthy, A. (2022). Are quantity flexibility contracts with discounts in the presence of spot market procurement relevant for the humanitarian supply chain? An exploration. Annals of Operations Research, 315, 1775–1802. https://doi.org/10.1007/s10479-021-04058-4
John, L., Gurumurthy, A., Mateen, A., & Narayanamurthy, G. (2022). Improving the coordination in the humanitarian supply chain: exploring the role of options contract. Annals of Operations Research, 319, 15–40. https://doi.org/10.1007/s10479-020-03778-3
Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica, 47(2), 263–291. https://doi.org/10.2307/1914185
Kirshner, S. N., & Ovchinnikov, A. (2019). Heterogeneity of reference effects in the competitive newsvendor problem. Manufacturing & Service Operations Management, 21(3), 571–581. https://doi.org/10.1287/msom.2018.0708
Kirshner, S. N., & Shao, L. (2019). The overconfident and optimistic price-setting newsvendor. European Journal of Operational Research, 277(1), 166–173. https://doi.org/10.1016/j.ejor.2019.02.023
Koszegi, B., & Rabin, M. (2006). A model of reference-dependent preferences. Quarterly Journal of Economics, 121(4), 1133–1165. https://doi.org/10.1093/qje/121.4.1133
Liang, L., Wang, X., & Gao, J. (2012). An option contract pricing model of relief material supply chain. Omega, 40(5), 594–600. https://doi.org/10.1016/j.omega.2011.11.004
Liu, Y., Tian, J., & Feng, G. (2022). Pre-positioning strategies for relief supplies in a relief supply chain. Journal of the Operational Research Society, 73(7), 1457–1473. https://doi.org/10.1080/01605682.2021.1920343
Liu, Y., Tian, J., Feng, G., & Ma, S. (2019). A relief supplies purchasing model via option contracts. Computers & Industrial Engineering, 137, Article 106009. https://doi.org/10.1016/j.cie.2019.106009
Liu, Y., Tian, J., & Yu, N. (2025). Prepositioning of emergency supplies and channel coordination: Considering a loss-averse supplier and government penalty. International Journal of Production Economics, 282, Article 109536. https://doi.org/10.1016/j.ijpe.2025.109536
Liu, Y., Tian, J., & Yu, N. (2023). Emergency supplies prepositioning via a government-led supply chain with a loss-averse supplier with anchoring. Computers & Industrial Engineering, 182, Article 109362. https://doi.org/10.1016/j.cie.2023.109362
Liu, Y., Tian, J., Yu, N., & Feng, G. (2024). A cost-effective model for emergency supplies prepositioning and procurement pricing via option contracts. Computers & Industrial Engineering, 194, Article 110369. https://doi.org/10.1016/j.cie.2024.110369
Lodree, E. J., & Taskin, S. (2008). An insurance risk management framework for disaster relief and supply chain disruption inventory planning. Journal of the Operational Research Society, 59(5), 674–680. https://doi.org/10.1057/palgrave.jors.2602377
Loewenstein, G. F., Thompson, L., & Bazerman, M. H. (1989). Social utility and decision making in interpersonal contexts. Journal of Personality and Social Psychology, 57(3), 426–441.
Long, X., & Nasiry, J. (2015). Prospect theory explains newsvendor behavior: The role of reference points. Management Science, 61(12), 3009–3012. https://doi.org/10.1287/mnsc.2014.2050
Long, Y., Sun, P., & Xu, G. (2024). Dynamic heterogeneous resource allocation in post-disaster relief operation considering fairness. Advanced Engineering Informatics, 62, Article 102858. https://doi.org/10.1016/j.aei.2024.102858
Mandal, P., Kaul, R., & Jain, T. (2018). Stocking and pricing decisions under endogenous demand and reference point effects. European Journal of Operational Research, 264(1), 181–199. https://doi.org/10.1016/j.ejor.2017.05.053
Meng, Q., Kao, Z., Guo, Y., & Wu, Z. (2023). An emergency supplies procurement strategy based on a bidirectional option contract. *Socio-Economic Planning Sciences, 87*, Article 101515. https://doi.org/10.1016/j.seps.2023.101515
Nagarajan, M., & Shechter, S. (2014). Prospect theory and the newsvendor problem. Management Science, 60(4), 1057–1062. https://doi.org/10.1287/mnsc.2013.1804
Nikkhoo, F., Bozorgi, A. A., & Heydari, J. (2018). Coordination of relief items procurement in humanitarian logistic based on quantity flexibility contract. International Journal of Disaster Risk Reduction, 31, 331–340. https://doi.org/10.1016/j.ijdrr.2018.05.024
Patra, T. D. P., & Jha, J. K. (2022). Bidirectional option contract for prepositioning of relief supplies under demand uncertainty. Computers & Industrial Engineering, 163, Article 107861. https://doi.org/10.1016/j.cie.2021.107861
Pavlov, V., Katok, E., & Zhang, W. (2022). Optimal contract under asymmetric information about fairness. Manufacturing & Service Operations Management, 24(1), 305–314. https://doi.org/10.1287/msom.2020.0945
Pournader, M., Narayanan, A., Keblis, M. F., & Fahimnia, B. (2024). Decision bias and bullwhip effect in multiechelon supply chains: Risk preference models. IEEE Transactions on Engineering Management, 71, 9229–9243. https://doi.org/10.1109/TEM.2023.3292348
Qiu, R., Yu, Y., & Sun, M. (2021). Joint pricing and stocking decisions for a newsvendor problem with loss aversion and reference point effect. Managerial and Decision Economics, 42(2), 275–288. https://doi.org/10.1002/mde.3233
Rabbani, M., Arani, H. V., & Rafiei, H. (2015). Option contract application in emergency supply chains. International Journal of Services and Operations Management, 20(4), 385–397. https://doi.org/10.1504/IJSOM.2015.068523
Riley, C., Summers, B., & Duxbury, D. (2020). Capital gains overhang with a dynamic reference point. Management Science, 66(10), 4726–4745. https://doi.org/10.1287/mnsc.2019.3404
Sharma, A., Dwivedi, G., & Singh, A. (2019). Game-theoretic analysis of a two-echelon supply chain with option contract under fairness concerns. Computers & Industrial Engineering, 137, Article 106096. https://doi.org/10.1016/j.cie.2019.106096
Sphere Project. (2011). Sphere handbook: Humanitarian charter and minimum standards in disaster response. http://www.refworld.org/docid/4ed8ae592.html
Uppari, B., & Hasija, S. (2019). Modeling newsvendor behavior: A prospect theory approach. Manufacturing & Service Operations Management, 21(3), 479–711. https://doi.org/10.1287/msom.2017.0701
Wan, N. (2024). Option contracts in managing a humanitarian relief supply chain: Double vs. bidirectional. International Journal of Systems Science: Operations & Logistics, 11(1), Article 2317260. https://doi.org/10.1080/23302674.2024.2317260
Wang, X., Li, F., Liang, L., Huang, Z., & Ashley, A. (2015). Pre-purchasing with option contract and coordination in a relief supply chain. International Journal of Production Economics, 167, 170–176. https://doi.org/10.1016/j.ijpe.2015.05.031
Wang, X., Fan, Y., Liang, L., de Leeuw, S., & van Wassenhove, L. N. (2019). Augmenting fixed framework agreements in humanitarian logistics with a bonus contract. Production & Operations Management, 28(8), 1921–1938. https://doi.org/10.1111/poms.13024
Wang, Z., Leng, L., Ding, J., & Wu, S. (2023). Study on location-allocation problem and algorithm for emergency supplies considering timeliness and fairness. Computers & Industrial Engineering, 177, Article 109078. https://doi.org/10.1016/j.cie.2023.109078
Wei, L., Chen, M., Du, S., & Liu, Y. (2022). By-state fairness in selling to the newsvendor. Transportation Research Part E: Logistics and Transportation Review, 159, Article 102634. https://doi.org/10.1016/j.tre.2022.102634
Wu, M., Bai, T., & Zhu, S. X. (2018). A loss averse competitive newsvendor problem with anchoring. Omega, 81, 99–111. https://doi.org/10.1016/j.omega.2017.10.003
Yu, N., Tian, J., Feng, G., & Liu, Y. (2025). Managing production capacity reserves for emergency supplies: A public-private option contract model with a loss-averse supplier. *Socio-Economic Planning Sciences, 98*, Article 102164. https://doi.org/10.1016/j.seps.2025.102164
Zhang, W., Shi, X., Huang, A., Hua, G., & Teunter, R. H. (2023). Optimal stock and capital reserve policies for emergency medical supplies against epidemic outbreaks. European Journal of Operational Research, 304(1), 183–191. https://doi.org/10.1016/j.ejor.2021.06.026
Zhu, L., Gong, Y., Xu, Y., & Gu, J. (2019). Emergency relief routing models for injured victims considering equity and priority. Annals of Operations Research, 283, 1573–1606. https://doi.org/10.1007/s10479-018-3089-3
Ai, Y., Tian, J., & Feng, G. (2024). Pre-positioning and procurement strategy for relief supplies with the critical raw material participation. Computers & Industrial Engineering, 187, Article 109780. https://doi.org/10.1016/j.cie.2023.109780
Bai, T., Feng, G., & Wu, M. (2025). A newsvendor model with multiple reference points: Target-setting for aspirational newsvendors. European Journal of Operational Research, 320(3), 655–669. https://doi.org/10.1016/j.ejor.2024.09.015
Bai, T., Kirshner, S. N., & Wu, M. (2021). Managing overconfident newsvendors: A target‐setting approach. Production and Operations Management, 30(11), 3967–3986. https://doi.org/10.1111/poms.13490
Bai, T., Wu, M., & Zhu, S. (2019). Pricing and ordering by a loss averse newsvendor with reference dependence. Transportation Research Part E: Logistics and Transportation Review, 131, 343–365. https://doi.org/10.1016/j.tre.2019.10.003
Bolton, G. E., & Ockenfels, A. (2000). ERC: A theory of equity, reciprocity, and competition. The American Economic Review, 90(1), 166–193. https://doi.org/10.1257/aer.90.1.166
Chanta, S., Mayorga, M. E., Kurz, M. E., & McLay, L. A. (2011). The minimum p-envy location problem: A new model for equitable distribution of emergency resources. IIE Transactions on Healthcare Systems Engineering, 1(2), 101–115. https://doi.org/10.1080/19488300.2011.609522
Charness, G., & Rabin, M. (2002). Understanding social preferences with simple tests. The Quarterly Journal of Economics, 117(3), 817–869. https://doi.org/10.1162/003355302760193904
Chen, X., Hao, G., & Li, L. (2014). Channel coordination with a loss-averse retailer and option contracts. International Journal of Production Economics, 150, 52–57. https://doi.org/10.1016/j.ijpe.2013.12.004
Cheng, J., Feng, X., & Bai, X. (2021). Modeling equitable and effective distribution problem in humanitarian relief logistics by robust goal programming. International Journal of Production Economics, 155, Article 107183. https://doi.org/10.1016/j.cie.2021.107183
Cui, T. H., Raju, J. S., & Zhang, Z. (2007). Fairness and channel coordination. Management Science, 53(8), 1303–1314. https://doi.org/10.1287/mnsc.1060.0697
Đula, I., & Größler, A. (2021). Inequity aversion in dynamically complex supply chains. European Journal of Operational Research, 291(1), 309–322. https://doi.org/10.1016/j.ejor.2020.09.038
Fehr, E., & Schmidt, K. M. (1999). A theory of fairness, competition and cooperation. The Quarterly Journal of Economics, 114(3), 817–868. https://doi.org/10.1162/003355399556151
Feng, T., Keller, L. R., & Zheng, X. (2011). Decision making in the newsvendor problem: A cross-national laboratory study. Omega, 39(1), 41–50. https://doi.org/10.1016/j.omega.2010.02.003
Gao, X., & Tian, J. (2018). Multi-period incentive contract design in the agent emergency supplies reservation strategy with asymmetric information. Computers & Industrial Engineering, 120, 94–102. https://doi.org/10.1016/j.cie.2018.04.030
Ghavamifar, A., Torabi, S. A., & Moshtari, M. (2022). A hybrid relief procurement contract for humanitarian logistics. Transportation Research Part E: Logistics and Transportation Review, 167, Article 102916. https://doi.org/10.1016/j.tre.2022.102916
Gutjahr, W. J., & Fischer, S. (2018). Equity and deprivation costs in humanitarian logistics. European Journal of Operational Research, 270(1), 185–197. https://doi.org/10.1016/j.ejor.2018.03.019
Hu, B., Meng, C., Xu, D., & Son, Y. J. (2016). Three-echelon supply chain coordination with a loss-averse retailer and revenue sharing contracts. International Journal of Production Economics, 179, 192–202. https://doi.org/10.1016/j.ijpe.2016.06.001
Hu, S., & Dong, Z. S. (2019). Supplier selection and pre-positioning strategy in humanitarian relief. Omega, 83, 287–298. https://doi.org/10.1016/j.omega.2018.10.011
Hu, Z., Tian, J., & Feng, G. (2019). A relief supplies purchasing model based on a put option contract. Computers & Industrial Engineering, 127, 253–262. https://doi.org/10.1016/j.cie.2018.12.015
Huang, H., Wu, D., & Xu, H. (2025). Signaling or not? The pricing strategy under fairness concerns and cost information asymmetry. European Journal of Operational Research, 321(3), 789–799. https://doi.org/10.1016/j.ejor.2024.10.006
Huang, M., Smilowitz, K., & Balcik, B. (2012). Models for relief routing: Equity, efficiency and efficacy. Transportation Research Part E: Logistics and Transportation Review, 48(1), 2–18. https://doi.org/10.1016/j.tre.2011.05.004
Jian, J., Li, B., Zhang, N., & Su, J. (2021). Decision-making and coordination of green closed-loop supply chain with fairness concern. Journal of Cleaner Production, 298, Article 126779. https://doi.org/10.1016/j.jclepro.2021.126779
John, L., & Gurumurthy, A. (2022). Are quantity flexibility contracts with discounts in the presence of spot market procurement relevant for the humanitarian supply chain? An exploration. Annals of Operations Research, 315, 1775–1802. https://doi.org/10.1007/s10479-021-04058-4
John, L., Gurumurthy, A., Mateen, A., & Narayanamurthy, G. (2022). Improving the coordination in the humanitarian supply chain: exploring the role of options contract. Annals of Operations Research, 319, 15–40. https://doi.org/10.1007/s10479-020-03778-3
Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica, 47(2), 263–291. https://doi.org/10.2307/1914185
Kirshner, S. N., & Ovchinnikov, A. (2019). Heterogeneity of reference effects in the competitive newsvendor problem. Manufacturing & Service Operations Management, 21(3), 571–581. https://doi.org/10.1287/msom.2018.0708
Kirshner, S. N., & Shao, L. (2019). The overconfident and optimistic price-setting newsvendor. European Journal of Operational Research, 277(1), 166–173. https://doi.org/10.1016/j.ejor.2019.02.023
Koszegi, B., & Rabin, M. (2006). A model of reference-dependent preferences. Quarterly Journal of Economics, 121(4), 1133–1165. https://doi.org/10.1093/qje/121.4.1133
Liang, L., Wang, X., & Gao, J. (2012). An option contract pricing model of relief material supply chain. Omega, 40(5), 594–600. https://doi.org/10.1016/j.omega.2011.11.004
Liu, Y., Tian, J., & Feng, G. (2022). Pre-positioning strategies for relief supplies in a relief supply chain. Journal of the Operational Research Society, 73(7), 1457–1473. https://doi.org/10.1080/01605682.2021.1920343
Liu, Y., Tian, J., Feng, G., & Ma, S. (2019). A relief supplies purchasing model via option contracts. Computers & Industrial Engineering, 137, Article 106009. https://doi.org/10.1016/j.cie.2019.106009
Liu, Y., Tian, J., & Yu, N. (2025). Prepositioning of emergency supplies and channel coordination: Considering a loss-averse supplier and government penalty. International Journal of Production Economics, 282, Article 109536. https://doi.org/10.1016/j.ijpe.2025.109536
Liu, Y., Tian, J., & Yu, N. (2023). Emergency supplies prepositioning via a government-led supply chain with a loss-averse supplier with anchoring. Computers & Industrial Engineering, 182, Article 109362. https://doi.org/10.1016/j.cie.2023.109362
Liu, Y., Tian, J., Yu, N., & Feng, G. (2024). A cost-effective model for emergency supplies prepositioning and procurement pricing via option contracts. Computers & Industrial Engineering, 194, Article 110369. https://doi.org/10.1016/j.cie.2024.110369
Lodree, E. J., & Taskin, S. (2008). An insurance risk management framework for disaster relief and supply chain disruption inventory planning. Journal of the Operational Research Society, 59(5), 674–680. https://doi.org/10.1057/palgrave.jors.2602377
Loewenstein, G. F., Thompson, L., & Bazerman, M. H. (1989). Social utility and decision making in interpersonal contexts. Journal of Personality and Social Psychology, 57(3), 426–441.
Long, X., & Nasiry, J. (2015). Prospect theory explains newsvendor behavior: The role of reference points. Management Science, 61(12), 3009–3012. https://doi.org/10.1287/mnsc.2014.2050
Long, Y., Sun, P., & Xu, G. (2024). Dynamic heterogeneous resource allocation in post-disaster relief operation considering fairness. Advanced Engineering Informatics, 62, Article 102858. https://doi.org/10.1016/j.aei.2024.102858
Mandal, P., Kaul, R., & Jain, T. (2018). Stocking and pricing decisions under endogenous demand and reference point effects. European Journal of Operational Research, 264(1), 181–199. https://doi.org/10.1016/j.ejor.2017.05.053
Meng, Q., Kao, Z., Guo, Y., & Wu, Z. (2023). An emergency supplies procurement strategy based on a bidirectional option contract. *Socio-Economic Planning Sciences, 87*, Article 101515. https://doi.org/10.1016/j.seps.2023.101515
Nagarajan, M., & Shechter, S. (2014). Prospect theory and the newsvendor problem. Management Science, 60(4), 1057–1062. https://doi.org/10.1287/mnsc.2013.1804
Nikkhoo, F., Bozorgi, A. A., & Heydari, J. (2018). Coordination of relief items procurement in humanitarian logistic based on quantity flexibility contract. International Journal of Disaster Risk Reduction, 31, 331–340. https://doi.org/10.1016/j.ijdrr.2018.05.024
Patra, T. D. P., & Jha, J. K. (2022). Bidirectional option contract for prepositioning of relief supplies under demand uncertainty. Computers & Industrial Engineering, 163, Article 107861. https://doi.org/10.1016/j.cie.2021.107861
Pavlov, V., Katok, E., & Zhang, W. (2022). Optimal contract under asymmetric information about fairness. Manufacturing & Service Operations Management, 24(1), 305–314. https://doi.org/10.1287/msom.2020.0945
Pournader, M., Narayanan, A., Keblis, M. F., & Fahimnia, B. (2024). Decision bias and bullwhip effect in multiechelon supply chains: Risk preference models. IEEE Transactions on Engineering Management, 71, 9229–9243. https://doi.org/10.1109/TEM.2023.3292348
Qiu, R., Yu, Y., & Sun, M. (2021). Joint pricing and stocking decisions for a newsvendor problem with loss aversion and reference point effect. Managerial and Decision Economics, 42(2), 275–288. https://doi.org/10.1002/mde.3233
Rabbani, M., Arani, H. V., & Rafiei, H. (2015). Option contract application in emergency supply chains. International Journal of Services and Operations Management, 20(4), 385–397. https://doi.org/10.1504/IJSOM.2015.068523
Riley, C., Summers, B., & Duxbury, D. (2020). Capital gains overhang with a dynamic reference point. Management Science, 66(10), 4726–4745. https://doi.org/10.1287/mnsc.2019.3404
Sharma, A., Dwivedi, G., & Singh, A. (2019). Game-theoretic analysis of a two-echelon supply chain with option contract under fairness concerns. Computers & Industrial Engineering, 137, Article 106096. https://doi.org/10.1016/j.cie.2019.106096
Sphere Project. (2011). Sphere handbook: Humanitarian charter and minimum standards in disaster response. http://www.refworld.org/docid/4ed8ae592.html
Uppari, B., & Hasija, S. (2019). Modeling newsvendor behavior: A prospect theory approach. Manufacturing & Service Operations Management, 21(3), 479–711. https://doi.org/10.1287/msom.2017.0701
Wan, N. (2024). Option contracts in managing a humanitarian relief supply chain: Double vs. bidirectional. International Journal of Systems Science: Operations & Logistics, 11(1), Article 2317260. https://doi.org/10.1080/23302674.2024.2317260
Wang, X., Li, F., Liang, L., Huang, Z., & Ashley, A. (2015). Pre-purchasing with option contract and coordination in a relief supply chain. International Journal of Production Economics, 167, 170–176. https://doi.org/10.1016/j.ijpe.2015.05.031
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