Applied General Equilibrium (AGE) models are increasingly used for short-run commodity market analysis, although they are generally not designed for such purposes. This study remedies a key shortcoming of such work by incorporating a commodity stockholding model into a short-run global AGE model. An approach to calibrating and validating the model is demonstrated for the staple grains sector. I...

Supplier base management is an important strategy for managing today’s global, customer driven supply chains. Successful supplier base management can effectively handle supply side exceptions, which may have significant business implications. The goal of this research is to present a clustering algorithm, named Max-Max-Roughness (MMR) to cluster suppliers into manageable smaller groups with sim...

the revenue management concept and techniques are applied to model the coordination of supply chain elements. the fundamental premise of this approach is synchronization of a group of business entities consist-ing of a manufacturer and multiple suppliers to achieve an optimal supply chain capacity plans. the output of the supply chain can be various products and thus it is measured in terms of ...

  The importance of reliable supply is increasing with supply chain network extension and just-in-time (JIT) production. Just in time implications motivate manufacturers towards single sourcing, which often involves problems with unreliable suppliers. If a single and reliable vendor is not available, manufacturer can split the order among the vendors in order to simultaneously decrease the supp...

Abstract Populism's electoral success has been linked to socio-economic crises and inflammatory political discourse. However, little is known of populist attitudes in contexts which these supply-side factors are not salient. The present article diverges from the conception populism that sees it as being activated or fuelled by contextual and, rather, conceives an ideological attitudinal dimensi...

We study how a manufacturer’s recycled content claim decision is impacted by demand for recycled content through environmentally preferable purchasing (EPP) programs and supply uncertainty. We model a manufacturer making a recycled content commitment that can commit to a minimum recycled content that holds for every period (product specific claim), or an average recycled content across periods ...

As the transition to renewable energy sources progresses, their integration makes electricity production increasingly fluctuating, also causing amplified volatility in electricity prices on energy markets. To contribute to power grid stability, utilities need to balance volatile supply through shifting demand. This measure of demand side management creates flexibility, being enabled as the inte...

While advance booking programs have been shown to be e¤ective for …rms to manage uncertain demand, the e¤ectiveness of such programs is unclear when supply, demand, and price risks are present in a supply chain. Motivated by an advance booking program for managing these three types of risks in a ‡u vaccine supply chain, we present a two-stage Stackelberg game model to examine the dynamic intera...

Firms increasingly use contingent labor to flexibly respond to demand in many environments. Labor supply agencies are growing to fill this need. As a result, firms and agencies are engaging in long-term contracts for labor supply. We develop mathematical models of the interaction between firms and labor supply agencies when demand and supply are uncertain. We consider two models of labor supply...

Over the past decade, firms have adopted supply chain management as a critical element of their corporate strategies. Despite these efforts, it is our observation that many firms do not realize the anticipated benefits of constructing collaborative operating relationships with supply chain partners. Our purpose in this paper is to establish a set of guiding principles for the effective design a...