Fragmentation of production into more and more complex supply chains is a prominent feature of globalization. Transaction management purports to minimize the transaction costs associated with this fragmentation of production. In this era of globalization, transaction costs carry a large weight in total costs of ownership which is the relevant cost function in procurement decisions. This article...

Liquidity is an important characteristic of a stock traded on thestock exchange. The expected value transaction costs, which takes intoaccount the transaction's volume and duration, may be consideredas measure liquidity stock. In this paper theformulas for cost, caused by bid-ask spread marketimpact are presented. Moreover, in article, problem determininga duration sale minimizes transactioncos...