Enterprise as an Instrument of Civilization, Hirochika Nakamaki; Koichiro Hioki; Izumi Mitsui;

Автор: Hirochika Nakamaki; Koichiro Hioki; Izumi Mitsui;
Название: Enterprise as an Instrument of Civilization
ISBN: 4431562281 ISBN-13(EAN): 9784431562283
Издательство: Springer
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Цена: 13974.00 р.
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Описание: The research contained here can be characterized in these ways: (1) Research methods adopt interpretative approaches such as hermeneutic and/or narrative approaches rather than causal and functional explanations such as "cause-consequence" relationships.

Автор: Jan Arnold
Название: Commodity Procurement with Operational and Financial Instruments
ISBN: 3834922552 ISBN-13(EAN): 9783834922557
Издательство: Springer
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Цена: 9781.00 р.
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Описание: 1. 1Motivation Increasingglobalcompetitionandcostpressureforceenterprisesandsupplychains to discover undetected cost-saving potentials. In particular, interfaces to the p- curement market are a promising ?eld for improvement. Recent developments in international trade outline the high in?uence of uncertain deliveries and highly volatile prices on the companies' costs. A vital question in research, industry, and politics addresses theoptimal procurement policy of rawmaterialsdue touncertain future prices and is of highest priority for the ?rms' success and even the wealth of a nation. Nowadays, commodity markets and commodity derivative markets offer transparent, fast, and ef?cient trade and risk sharing for raw materials and ?nancial products on raw material prices, e. g., option contracts. This coexistence of op- ational and ?nancial procurement instruments, i. e., buying opportunities on spot and derivative markets, offers an auspicious chance to optimize the procurement policy in the crucial problem of raw material procurement which is the focus of this thesis. The most basic distinction of commodities is between storable and non-storable commodities (see Pirrong (2008)). The vast majority of commodities is storable, mainly at some costs, but this class is fairly heterogeneous. Commodities can be characterized by seasonality in demand (such as crude oil or natural gas) or production (take wheat or sugar as example) or contrarily by a rather continuous production and consumption (e. g., nickel and aluminum).