Community-partnered procurement — a socially sensitive option

Evaluating a Real Option in Material Procurement

This paper describes how to evaluate a long-term fixed priced material procurement contract versus spot purchases. We model the long-term contract as a real option. In the financial world, option pricing is based on the assumption that the market is complete and frictionless. This assumption is usually too strong when it comes to pricing real options. For example, both the option and its underl...

Socially-Sensitive Systems Design

Combined Pricing and Portfolio Option Procurement

I n this paper, we study a single-product periodic-review inventory system that faces random and price-dependent demand. The firm can purchase the product either from option contracts or from the spot market. Different option contracts are offered by a set of suppliers with a two-part fee structure: a unit reservation cost and a unit exercising cost. The spot market price is random and its real...

The Socially Smart Community

There is a large amount of discussion in the literature about smart cities where the focus of the discourse is on gathering and analyzing real-time data from smartphones or other sensors to support public services such as vehicular traffic flow and utility consumption or to infer human behaviour. There does not appear to be any discussion of ‘socially’ smart cities where the focus is on using c...

A Case Study in Chamorro Community and Academic Engagement for a Community-Partnered Research Approach.

OBJECTIVE We describe the development of a community and academic research partnership, share reflections on processes for collaborations, and identify key factors for establishing strong and effective relationships to foster high-quality research. BACKGROUND A community-based participatory research (CBPR) effort evaluating a community-based patient navigation program assisting Chamorro women...