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Operations and Supply Chain Management Commons™
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- Keyword
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- Agriculture (4)
- Commodity (3)
- Sustainability (3)
- Biomass (2)
- Emissions (2)
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- Palm Oil (2)
- Renewable Energy (2)
- Spot Price Uncertainty (2)
- Capacity management (1)
- Cash crops (1)
- Coal (1)
- Commodity risk management (1)
- Corn (1)
- Crop Rotation (1)
- Dry bulk cargo market (1)
- Dynamic Programming (1)
- Dynamic programming (1)
- Endogeneity (1)
- Fallow (1)
- Farm Planning (1)
- Freight Forward Agreement (1)
- Freight rate (1)
- Grains (1)
- Iron ore (1)
- Iron ore price (1)
- Multi-product firm (1)
- Optimal dynamics (1)
- Panel regression (1)
- Processing (1)
- Production management (1)
Articles 1 - 7 of 7
Full-Text Articles in Operations and Supply Chain Management
Economic And Environmental Implications Of Biomass Commercialization In Agricultural Processing, Bin Li, Onur Boyabatli, Buket Avci
Economic And Environmental Implications Of Biomass Commercialization In Agricultural Processing, Bin Li, Onur Boyabatli, Buket Avci
Research Collection Lee Kong Chian School Of Business
Motivated by the agricultural industries, this paper studies the economic and environmental implications of biomass commercialization; that is, converting organic waste into a saleable product, from the perspective of a processor that uses a commodity input to produce both a commodity output and biomass. We characterize the economic value of biomass commercializa- tion and examine how input and output spot price uncertainties affect this value. Using a model calibration, we find that lower input spot price variability or higher output spot price variabil- ity or correlation between the two spot prices increases this value for a typical palm oil mill. …
Endogeneity Of Commodity Price In Freight Cost Models, Kian Guan Lim
Endogeneity Of Commodity Price In Freight Cost Models, Kian Guan Lim
Research Collection Lee Kong Chian School Of Business
In this paper, we answer a novel question on how the value of goods carried can affect the freight cost. We focus on the issue based on a more specialized freight market involving transport of seaborne iron ore from mining ports to Qingdao in China during the period 2014 to 2019. We construct simultaneous systems of demand–supply equations on both the iron ore market and the freight market. In the models, we explain how endogeneity of iron ore as a regressor can arise due to the nexus between the two markets, and that the freight demand is largely a derived …
Economic And Environmental Implications Of Biomass Commercialization In Agricultural Processing, Bin Li, Onur Boyabatli, Buket Avci
Economic And Environmental Implications Of Biomass Commercialization In Agricultural Processing, Bin Li, Onur Boyabatli, Buket Avci
Research Collection Lee Kong Chian School of Business
Motivated by the agricultural industries, this paper studies the economic and environmental implications of biomass commercialization; that is, converting organic waste into a saleable product, from the perspective of a processor that uses a commodity input to produce both a commodity output and biomass. We characterize the economic value of biomass commercializa- tion and examine how input and output spot price uncertainties affect this value. Using a model calibration, we find that lower input spot price variability or higher output spot price variabil- ity or correlation between the two spot prices increases this value for a typical palm oil mill. …
Crop Planning In Sustainable Agriculture: Dynamic Farmland Allocation In The Presence Of Crop Rotation Benefits, Onur Boyabatli, Javad Nasiry, Yangfang (Helen) Zhou
Crop Planning In Sustainable Agriculture: Dynamic Farmland Allocation In The Presence Of Crop Rotation Benefits, Onur Boyabatli, Javad Nasiry, Yangfang (Helen) Zhou
Research Collection Lee Kong Chian School Of Business
This paper examines crop planning decision in sustainable agriculture---that is, how to allocate farmland among multiple crops in each growing season when the crops have rotation benefits across growing seasons. We consider a farmer who periodically allocates the farmland between two crops in the presence of revenue uncertainty where revenue is stochastically larger and farming cost is lower when a crop is grown on rotated farmland (where the other crop was grown in the previous season). We characterize the optimal dynamic farmland allocation policy and perform sensitivity analysis to investigate how revenue uncertainty of each crop affects the farmer's optimal …
Corn, Soybeans Or Fallow: Dynamic Farmland Allocation Under Uncertainty, Onur Boyabatli, Javad Nasiry, Yangfang (Helen) Zhou
Corn, Soybeans Or Fallow: Dynamic Farmland Allocation Under Uncertainty, Onur Boyabatli, Javad Nasiry, Yangfang (Helen) Zhou
Research Collection Lee Kong Chian School Of Business
This chapter develops a theoretical basis for understanding the trade-offs facing a farmer for allocating his farmland among several crops over multiple growing seasons. Specifically, we focus on the farmland allocation among two cash crops (corn and soybeans) and letting the farmland lay fallow to rejuvenate the soil and increase the revenue for the crop grown on this farmland in the subsequent seasons. In each growing period, the farmer chooses the allocation in the presence of revenue uncertainty for each cash crop, and crop rotation benefits across periods, where revenue is stochastically larger and farming cost is lower when a …
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 …
The Principles Of The Dry Bulk Ffa Market, Ron Wilson
The Principles Of The Dry Bulk Ffa Market, Ron Wilson
Research Collection Lee Kong Chian School Of Business
No abstract provided.