Author: United States. Congress. House. Committee on Small Business. Subcommittee on Export Opportunities and Special Small Business ProblemsPublisher:
ISBN:
Category : Government publications
Languages : en
Pages : 330
Book Description
USDA's Commodity Procurement Process
Author: United States. Congress. House. Committee on Small Business. Subcommittee on Export Opportunities and Special Small Business ProblemsPublisher:
ISBN:
Category : Government publications
Languages : en
Pages : 330
Book Description
Commodity Procurement with Operational and Financial Instruments
Author: Jan ArnoldPublisher: Springer Science & Business Media
ISBN: 3834986542
Category : Business & Economics
Languages : en
Pages : 159
Book Description
Jan Arnold integrates financial and operational aspects into a holistic approach to commodity procurement. He shows how to combine operational strategies considering just-in-time procurement, inventory holding and backlogging with financial strategies considering derivative instruments into an optimal procurement plan under volatile procurement prices.
Commodity Procurement
Author: Commodity Procurement
Author: United States. Agricultural Marketing Service. Livestock & Seed DivisionPublisher:
ISBN:
Category : Farm produce
Languages : en
Pages : 1
Book Description
FOA Financed Commodity Procurement for the American Businessman
Author: United States. Foreign Operations AdministrationPublisher:
ISBN:
Category : Economic assistance, American
Languages : en
Pages : 38
Book Description
Optimal Commodity Procurement
Author: Ali GuzelIntegrating Commodity Futures in Procurement Planning and Contract Design with Demand Forecast Update
Author: Qiang LiPublisher:
ISBN: 9781361033739
Category :
Languages : en
Pages :
Book Description
This dissertation, "Integrating Commodity Futures in Procurement Planning and Contract Design With Demand Forecast Update" by Qiang, Li, 李強, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: This study aims at investigating the benefits of integrating commodity futures contracts in devising commodity procurement policies as well as the design of supply contracts. To achieve this, a two-tier decentralised supply chain with uncoordinated risk transfer behaviours is studied. Specifically, the supply chain consists of a risk-neutral manufacturer (he) and a risk-averse retailer (she), where both players maximise their own objective functions by utilising the demand forecast update over the planning horizon. The mean-variance utility is employed to capture the retailer''s risk aversion behaviour. For the first objective, this study considers a commodity procurement problem for the risk-neutral manufacturer. It shows that partially procuring in the forward market is potentially beneficial because the logistics costs tend to be larger for tighter delivery schedule and vice versa. Existing literature has studied the value of forward procurement. This study further explores the value of the dynamic adjustment in the forward (futures) market in response to the demand information update. Specifically, when the joint distribution of demand and new information is a bivariate normal distribution, the optimal procurement policy is characterized analytically. The second objective is studied within the supply chain setting, where the manufacturer is assumed to be the Stackelberg leader. Recently, various financial hedging strategies have been developed to mitigate the price risks for firms which directly procure commodities for their operations. However, few, if any, studies have addressed the integration of financial hedging with supply contract design so that the risk exposure faced by the downstream player in the supply chain could be partially hedged. Although the downstream retailer does not procure any commodity directly, she may suffer from the commodity price volatility propagated from the upstream manufacturer. By formulating the problem as a dynamic program, a flexible contract with time-consistent closed-form financial hedging policy is derived. Numerical experiments are carried out to demonstrate the benefits gained by integrating the commodity futures contract with supply chain decision making. In the implementation, the short-term/long-term model developed by Schwartz and Smith is adopted to describe the stochastic behaviour of the price. Moreover, to preclude any risk-free arbitrage opportunity, the risk-neutral version of the model is employed. To take full advantage of the historical commodity price data, the smoother-based approach, rather than filter-based approach, is adopted to estimate the latent parameters of the stochastic price processes. For the manufacturer, it is shown that the value of the futures market is significant in the presence of logistics cost. Moreover, extra value could be obtained by adjusting the position in futures contracts in response to the newly observed information. For the decentralised supply chain, compared with the wholesale price contract, it is shown that the proposed flexible contract could improve the performance of the supply chain by leading to higher payoffs for both firms. Furthermore, the results show that flexible contract with financial hedging is effective on mitigating the commodity price risk exposure transferred from the manufacturer to the retailer when measured by standard deviation (SD), value-a
Developing Tailored Supply Strategies
Author: Nancy Y. MoorePublisher: Rand Corporation
ISBN: 0833041207
Category : Business & Economics
Languages : en
Pages : 166
Book Description
Purchased goods and services are an increasingly large proportion of public and private enterprise budgets. Historically, purchased goods and services have accounted for less than a third of an enterprise's budget, but today many enterprises spend more than two-thirds of their budgets on purchased goods and services. Similarly, the Air Force and the Department of Defense (DoD) spend nearly half their budgets for purchased goods and services and an additional sixth on weapon procurement (with only a third going to military and civilian personnel costs). (See pp. 1-6.) Because of the growing importance of purchasing, many enterprises have sought to develop supply strategies for their purchased goods and services. This monograph is intended as a resource for procurement personnel developing supply strategies for the Air Force or DoD. It does not analyze current military procurement practices but rather synthesizes academic, business, and professional literature on developing and applying supply strategies. Its core is a synthesis of nearly a dozen different processes found in the literature.
Forecast of GSA Contracting Opportunities
Author: Publisher:
ISBN:
Category : Government purchasing
Languages : en
Pages : 108
Book Description
Improper Practices, Commodity Import Program, U.S. Foreign AID, Vietnam
Author: United States. Congress. Senate. Committee on Government Operations. Permanent Subcommittee on InvestigationsPublisher:
ISBN:
Category : Corruption
Languages : en
Pages : 1578
Book Description