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BusinessEngineeringEconomics

Data-Driven Optimization for Commodity Procurement Under Price Uncertainty

Christian Mandl, S. Minner

2020.8.18M&SOM-Manufacturing & Service Operations Management

DOI: 10.1287/msom.2020.0890

tlooto Summary

A practice-motivated multiperiod stochastic commodity procurement problem under price uncertainty with forward and spot purchase options is studied.

Abstract

Problem definition: We study a practice-motivated multiperiod stochastic commodity procurement problem under price uncertainty with forward and spot purchase options. Existing approaches are based ...

Citation format

MANDL, Christian; MINNER, S. Data-driven optimization for commodity procurement under price uncertainty. M&SOM-Manufacturing & Service Operations Management, 2020.