Although tyre expenses can be a significant component of the operating costs in civil engineering construction (CEC) companies, there are few studies investigating how the CEC industry can benefit by implementing specific tyre purchasing policies. The research aimed to highlight the expenditure on tyres, the factors affecting these, and how specific purchasing policies can impact on the total c...

Capacity reservation contracts and spot markets are two alternative purchasing practices. We focus on the cost-effective management of the combined use of these two procurement sources. Due to the variability of the spot market prices and demand uncertainty, the flexibility of combined sourcing can be advantageous. Spot market purchasing is a benefit in case of low spot market prices or insuffi...

An asset-pricing perspective on inflation reveals that it depends on current and expected monetary and fiscal policies. There are three ways to carry $1 today into the future: money, bonds, and real assets. That dollar’s purchasing power varies inversely with the price level. Expected money growth, tax rates, and government spending directly impinge on these expected rates of return of these as...

We develop a theory of imperfect competition with loss-averse consumers. All consumers are fully informed about match value and price at the time they make their purchasing decision. However, a share of consumers are initially uncertain about their tastes and form a reference point consisting of an expected match value and an expected price distribution, while other consumers are perfectly info...

Individuals’ privacy concerns can inhibit their online purchasing behavior. This paper investigates the moderating role of espoused individualism and uncertainty avoidance in the effect of external persuasion cues (e.g., privacy policy statements and third-party assurance seals) on attitude toward a website. This study hypothesizes that individuals scoring high on individualism or uncertainty a...

Tacit knowledge plays an important role in decision making that is why, in this paper, we introduce a new approach based on tacit knowledge for decision process. Our approach is based on a practical case study in the field of second hand vehicle purchase. This paper proposes ideas and research issues on how to tackle tacit knowledge for decision process with cost-benefit and multicriteria analy...