This week, we transformed procurement strategy and market cooperation through rigorous analytics and real-world applications: 🔍 Backwardation: From Risk to Opportunity 🤝 Demand Aggregation: The Power of Cooperation 🌍 Universal Applications 🚀 CLEVER’s Path Forward 📚 Dive deeper: 🔗 CLEVER…
The study parallels and extends the classic newsvendor problem. Instead of uncertain prices, it models backwardated futures contracts. A modernized approach for dynamic procurement environments. Optimization theory evolves with markets. 🌟 Follow us on LinkedIn! Check the updates from the website: www.cleverproject.eu 🌟…
When future prices are lower than spot forecasts, planning ahead matters. The study provides a closed-form expression for the optimal futures purchase volume. It bridges stochastic optimization and supply chain economics. A must-read for risk-aware procurement strategists.🌟 Follow us on LinkedIn! Check…
Backwardation often occurs in soft commodities & perishables. Businesses must adapt procurement to minimize waste + cost. 🌟 Follow us on LinkedIn! 🌟 Check the updates from the website: www.cleverproject.eu 🌟 You can read the post on our website:…
Procurement coalitions = natural insurance against demand uncertainty. They absorb risk and stabilize costs. 🌟 Follow us on LinkedIn! 🌟 Check the updates from the website: www.cleverproject.eu 🌟 You can read the post on our website: https://lnkd.in/d4MB_HhM 🌟 Full paper…
Backwardation = futures < expected spot price. Our model shows how firms can optimally procure commodities under this market state. 🌟 Follow us on LinkedIn! 🌟 Check the updates from the website: www.cleverproject.eu 🌟 You can read the post…
In supply-chain optimization, normal backwardation (futures < expected spot price) creates opportunities. We derive the optimal procurement strategy under uncertainty and show why forming demand aggregators (procurement coalitions) minimizes risk and cost. 🌟 Follow us on LinkedIn! 🌟 Check the…
