Demand Aggregation: Proven Benefits, Quantified
Hoeffding’s inequality demonstrates an exponential drop in procurement risk through aggregation. Each additional business in a…
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Optimal Procurement Under Price Backwardation
When future prices are lower than spot forecasts, planning ahead matters. The study provides a closed-form…
A New Take on the Newsvendor Problem
Extending beyond the classical newsvendor framework, this work models backwardated futures. It redefines optimal procurement when…
Demand Aggregators: The Natural Outcome of Risk Sharing
The paper shows mathematically why coalitions of buyers — demand aggregators — emerge. Using Hoeffding’s inequality,…