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Commodity Procurement with Operational and Financial Instruments [electronic resource] / by Jan Arnold.

By: Arnold, Jan [author.].
Contributor(s): SpringerLink (Online service).
Material type: materialTypeLabelBookPublisher: Wiesbaden : Gabler, 2010Description: XIII, 152 p. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9783834986542.Subject(s): Economics | Business logistics | Economics/Management Science | Production/LogisticsDDC classification: 658.5 Online resources: Click here to access online
Contents:
Fundamentals and Literature Review -- Procurement with Deterministic Costs -- Procurement with Stochastic Costs -- Conclusions and Outlook.
In: Springer eBooksSummary: The recent economic developments have strongly increased the interest in altering raw material prices and especially in the protection from volatile and increasing prices. 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.
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Fundamentals and Literature Review -- Procurement with Deterministic Costs -- Procurement with Stochastic Costs -- Conclusions and Outlook.

The recent economic developments have strongly increased the interest in altering raw material prices and especially in the protection from volatile and increasing prices. 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.

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