Mathematical Proof for Coalition Benefits
Hoeffding’s inequality validates the intuition: pooling demand reduces risk. For n independent buyers, deviation probability scales…
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Deriving the Convex Cost Function for Procurement
The authors derive a convex expected-cost function under uncertain demand. Its minimizer defines the optimal procurement…
Procurement Coalitions in Decentralized Markets
As decentralized and digital markets emerge, aggregation becomes inevitable. The study predicts demand aggregators will form…
Backwardation in Perishable Goods Markets
Backwardation frequently appears in soft and perishable commodities. This paper provides an analytical roadmap for exploiting…