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Full-Text Articles in Business
Capacity Management In Agricultural Commodity Processing And Application In The Palm Industry, Onur Boyabatli, Jason Quang Dang Nguyen, Tong Wang
Capacity Management In Agricultural Commodity Processing And Application In The Palm Industry, Onur Boyabatli, Jason Quang Dang Nguyen, Tong Wang
Research Collection Lee Kong Chian School Of Business
This paper examines the capacity investment decisions of a processor that uses a commodity input to produce both a commodity output and a byproduct in the context of agricultural industries. We employ a multi-period model to study the optimal one-time processing and (output) storage capacity investment decisions---in addition to the periodic processing and inventory decisions---when both input and output spot prices as well as production yield are uncertain. We characterize the optimal decisions and perform sensitivity analysis to investigate how spot price uncertainty affects the processor's optimal capacity and profitability. Using a calibration based on the palm industry, we study …
Integrating Long-Term And Short-Term Contracting In Beef Supply Chains, Onur Boyabatli, Paul R. Kleindorfer, Stephen R. Koontz
Integrating Long-Term And Short-Term Contracting In Beef Supply Chains, Onur Boyabatli, Paul R. Kleindorfer, Stephen R. Koontz
Research Collection Lee Kong Chian School Of Business
This paper analyzes the optimal procurement, processing, and production decisions of a meat-processing company (hereafter, a "packer") in a beef supply chain. The packer processes fed cattle to produce two beef products, program (premium) boxed beef and commodity boxed beef, in fixed proportions, but with downward substitution of the premium product for the commodity product. The packer can source input (fed cattle) from a contract market, where long-term contracts are signed in advance of the required delivery time, and from a spot market on the spot day. Contract prices are taken to be of a general window form, linear in …
Technical Appendix To "Integrating Long-Term And Short-Term Contracting In Beef Supply Chains", Onur Boyabatli, Paul R. Kleindorfer, Stephen R. Koontz
Technical Appendix To "Integrating Long-Term And Short-Term Contracting In Beef Supply Chains", Onur Boyabatli, Paul R. Kleindorfer, Stephen R. Koontz
Research Collection Lee Kong Chian School Of Business
Technical appendix with proofs for propositions in the article: Integrating long-term and short-term contracting in beef supply chains. (2011). Management Science, 57 (10), 1771-1787. https://doi.org/10.1287/mnsc.1110.1362