The Bright Side of Price Volatility in Global Commodity Procurement

References

• Alquist R, Kilian L (2010) What do we learn from the price of crude oil futures. J. Appl. Econometrics 25(4):539–573.Crossref, Google Scholar
• Anand KS, Goyal M (2009) Strategic information management under leakage in a supply chain. Management Sci. 55(3):438–452.Link, Google Scholar
• Bhattacharyya SS, Deepak PK (2012) Comprehending the changing global iron ore trade service system and the dynamics of pricing. Internat. J. Bus. Global 9(1):70–89.Crossref, Google Scholar
• Bimpikis K, Crapis D, Tahbaz-Salehi A (2019) Information sale and competition. Management Sci. 65(6):2646–2664.Link, Google Scholar
• Boyabatlı O, Kleindorfer PR, Koontz SR (2011) Integrating long-term and short-term contracting in beef supply chains. Management Sci. 57(10):1771–1787.Link, Google Scholar
• Chen Y-J, Tang CS (2015) The economic value of market information for farmers in developing economies. Production Oper. Management 24(9):1441–1452.Crossref, Google Scholar
• Chen Y, Xue W, Yang J (2013) Optimal inventory policy in the presence of a long-term supplier and a spot market. Oper. Res. 61(1):88–97.Link, Google Scholar
• Chinn MD, Coibion O (2014) The predictive content of commodity futures. J. Futures Markets 34(7):607–636.Crossref, Google Scholar
• Feng B, Yao T, Jiang B (2013) Analysis of the market-based adjustable outsourcing contract under uncertainties. Production Oper. Management 22(1):178–188.Crossref, Google Scholar
• Gal-Or E, Geylani T, Dukes AJ (2008) Information sharing in a channel with partially informed retailers. Marketing Sci. 27(4):642–658.Link, Google Scholar
• Goel A, Tanrisever F (2017) Financial hedging and optimal procurement policies under correlated price and demand. Production Oper. Management 26(10):1924–1945.Crossref, Google Scholar
• Grossman SJ (1981) An introduction to the theory of rational expectations under asymmetric information. Rev. Econom. Stud. 48(4):541–559.Crossref, Google Scholar
• Ha AY, Tong S (2008) Contracting and information sharing under supply chain competition. Management Sci. 54(4):701–715.Link, Google Scholar
• Ha AY, Tian Q, Tong S (2017) Information sharing in competing supply chains with production cost reduction. Manufacturing Service Oper. Management 19(2):246–262.Link, Google Scholar
• Ha AY, Tong S, Zhang H (2011) Sharing demand information in competing supply chains with production diseconomies. Management Sci. 57(3):566–581.Link, Google Scholar
• He Q-C, Chen Y-J, Shen Z-J (2018) On the formation of producers’ information-sharing coalitions. Production Oper. Management 27(5):917–927.Crossref, Google Scholar
• Hull JC (2009) Options, Futures, and Other Derivatives, 7th ed. (Prentice Hall, Upper Saddle River, NJ).Google Scholar
• Jiang L, Hao Z (2016) Incentive-driven information dissemination in two-tier supply chains. Manufacturing Service Oper. Management 18(3):393–413.Link, Google Scholar
• Kouvelis P, Li R, Ding Q (2013) Managing storable commodity risks: The role of inventory and financial hedging. Manufacturing Service Oper. Management 15(3):507–521.Link, Google Scholar
• Kouvelis P, Turcic D, Zhao W (2018) Supply chain contracting in environments with volatile input prices and frictions. Manufacturing Service Oper. Management 20(1):130–146.Link, Google Scholar
• Li L (1985) Cournot oligopoly with information sharing. RAND J. Econom. 16(4):521–536.Crossref, Google Scholar
• Li L (2002) Information sharing in a supply chain with horizontal competition. Management Sci. 48(9):1196–1212.Link, Google Scholar
• Li C-L, Kouvelis P (1999) Flexible and risk-sharing supply contracts under price uncertainty. Management Sci. 45(10):1378–1398.Link, Google Scholar
• Li L, Zhang H (2008) Confidentiality and information sharing in supply chain coordination. Management Sci. 54(8):1467–1481.Link, Google Scholar
• Li Z, Gilbert SM, Lai G (2014) Supplier encroachment under asymmetric information. Management Sci. 62(2):449–462.Link, Google Scholar
• Li Q, Niu B, Chu L-K, Ni J, Wang J (2018) Buy now and price later: Supply contracts with time-consistent mean-variance financial hedging. Eur. J. Oper. Res. 268(2):582–595.Crossref, Google Scholar
• Lian R, Mason J (2018) Chinese steel mills win domestic iron ore pricing in some 2018 contracts. Accessed January 15, 2023, https://www.reuters.com/article/us-china-ironore-pricing-idUSKBN1FE0H6.Google Scholar
• Liao C-N, Chen Y-J (2017) Farmers’ information management in developing countries: A highly asymmetric information structure. Production Oper. Management 26(6):1207–1220.Crossref, Google Scholar
• Liao C-N, Chen Y-J, Tang CS (2019) Information provision policies for improving farmer welfare in developing countries: Heterogeneous farmers and market selection. Manufacturing Service Oper. Management 21(2):254–270.Link, Google Scholar
• Lin Y-T, Parlaktürk A (2012) Quick response under competition. Production Oper. Management 21(3):518–533.Crossref, Google Scholar
• Liu Z, Zhang DJ, Zhang F (2021) Information sharing on retail platforms. Manufacturing Service Oper. Management 23(3):606–619.Link, Google Scholar
• Mendelson H, Tunca TI (2007) Strategic spot trading in supply chains. Management Sci. 53(5):742–759.Link, Google Scholar
• Seifert RW, Thonemann UW, Hausman WH (2004) Optimal procurement strategies for online spot markets. Eur. J. Oper. Res. 152(3):781–799.Crossref, Google Scholar
• Shang W, Ha AY, Tong S (2016) Information sharing in a supply chain with a common retailer. Management Sci. 62(1):245–263.Link, Google Scholar
• Shapiro C (1986) Exchange of cost information in oligopoly. Rev. Econom. Stud. 53(3):433–446.Crossref, Google Scholar
• Shin H, Tunca TI (2010) Do firms invest in forecasting efficiently? The effect of competition on demand forecast investments and supply chain coordination. Oper. Res. 58(6):1592–1610.Link, Google Scholar
• Tang CS, Wang Y, Zhao M (2015) The implications of utilizing market information and adopting agricultural advice for farmers in developing economies. Production Oper. Management 24(8):1197–1215.Crossref, Google Scholar
• Vale (2013, 2021) Annual report of Vale. http://www.vale.com/brasil/EN/investors/information-market/annual-reports/20f/Pages/default.aspx.Google Scholar
• Vives X (1984) Duopoly information equilibrium: Cournot and Bertrand. J. Econom. Theory 34(1):71–94.Crossref, Google Scholar
• Wang T, Thomas DJ, Rudi N (2014) The effect of competition on the efficient-responsive choice. Production Oper. Management 23(5):829–846.Crossref, Google Scholar
• Wu X, Zhang F (2014) Home or overseas? An analysis of sourcing strategies under competition. Management Sci. 60(5):1223–1240.Link, Google Scholar
• Zhang W, Zhou D, Liu L (2014) Contracts for changing times: Sourcing with raw material price volatility and information asymmetry. Manufacturing Service Oper. Management 16(1):133–148.Link, Google Scholar
• Zhou J, Fan X, Chen Y-J, Tang CS (2021) Information provision and farmer welfare in developing economies. Manufacturing Service Oper. Management 23(1):230–245.Link, Google Scholar