In this paper, we address this issue and analyze in detail optimal procurement strategies in situations where supplies can be bought both via forward contracts ...
Our approaches can be used by decision makers to determine optimal procurement strategies based on key parameters such as, demand and spot price volatilities, ...
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We develop and solve mathematical models that determine the optimal order proportion to purchase via forward contracts and the optimal proportion to purchase ...
We develop and solve mathematical models that determine the optimal order quantity to purchase via forward contracts and the optimal quantity to purchase via ...
Optimal procurement strategies for online spot markets · Author · Abstract · Suggested Citation · Download full text from publisher · References listed on IDEAS.
Abstract—The forward contracts have recently emerged for a broad range of commodities and many companies have started to utilize them in addition to their ...
We first derive the retailer's optimal reservation strategy and then characterize the optimal capacity expansion policy for the supplier. We also investigate ...
Optimal Procurement. Strategies for Online Spot Markets. European Journal of Operational Research, 152: 781-799. Serel, D. A., M. Dada, H. Moskowitz, 2001 ...
This paper investigates a problem in which a buyer can procure from a regular supplier as well as from a supplier in a spot market, possibly formed over the ...
I have been exploring how companies can create and benefit from more flexible strategies in the procurement of commodity-type goods and materials.