INTRODUCTION Prices are a standard and important component of market and food security analysis because they serve as an indicator of both food availability and food access. Prices are a measure of availability because they tend to rise as the supply of food falls in relation to demand (e.g., poor production, constrained imports of food), and they tend to fall when supply expands in relation to...

In this paper we address the problem of optimizing multi-period inventory in the case of uncertain demands. At each time period, the company produces a certain quantity of goods which is used to serve a client demand. The unit selling price was fixed in advance by contract for the time horizon and an expected value of the quantity to deliver at each time period is known. In case of overproducti...

Consider a retailer announces both the regular price and the post-season clearance price at the beginning of the selling season. Throughout the season, customers arrive in accord with a Poisson process. In this paper we analyze the impact of two types of customer purchasing behavior and two common in-store display formats on the retailer’s optimal expected profit and optimal order quantity. We ...

This work uses unique data from three dairy dependent communities in rural Wisconsin to test established theory and empirical studies that link farm structure to local purchasing patterns and community economic development. A theoretical model of purchasing choices is developed to derive the determinants of local purchasing by dairy farms. This model is tested empirically using a double bounded...

Purchasing management is often approached as a qualitative art. Experience, insight and managerial qualities may indeed make useful contributions. However, in addition to this, the possibilities of an approach based on hard data and figures should not be underestimated. This does not only apply to purchases dealt with by the Purchasing Department, but in particular, also to purchasing activitie...

This paper deals with improving the e€ ectiveness of purchasing in a small company. The purchasing has a tremendous in ̄ uence on the performance of manufacturing, as most of the companies purchase about 60% of the components and raw materials from suppliers. Also, the contribution of Small and Medium Enterprises (SMEs) to national economy is signi® cant. Realizing the role of purchasing in SMEs...

Multi-site organizations must balance conflicting forces to determine the appropriate degree of purchasing centralization for their respective supplies. The ability to garner quantity discounts represents one of the primary reasons that organizations centralize procurement. This paper provides methodologies to calculate optimal order quantities and compute total purchasing and inventory costs w...

DREXEL’s Bielec: Purchasing cards are cheaper and easier. FINDING WAYS TO better manage your purchasing strategy can help save considerable sums not just on purchases, but on back-end support costs. For suggestions on how to cut tech procurement costs and control spending, we spoke with CIOs at two universities and a senior manager of higher ed purchasing at one of the biggest tech product supp...

 examination of key success factors in the organisation of purchasing  analysis of organisational design characteristics, including structural configurations, product or service characteristics, centralisation and decentralisation and mixed structures  visions of the future of purchasing from both the USA and Europe, and their implications for purchasing organisation  recent research findin...