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dc.contributor.authorHussain, Omar
dc.contributor.authorDillon, Tharam S.
dc.contributor.editorFatos Xhafa
dc.contributor.editorLeonard Barolli
dc.contributor.editorPetraq J. Papajorgji
dc.date.accessioned2017-01-30T12:21:42Z
dc.date.available2017-01-30T12:21:42Z
dc.date.created2011-03-27T20:02:17Z
dc.date.issued2010
dc.identifier.citationHussain, Omar and Dillon, Tharam S. 2010. Cost-Benefit Analysis to Hedge with Third Party Producers in Demand-Driven Production, in Xhafa, F. and Barolli, L. and Papajorgji, P.J. (ed), Complex Intelligent Systems and Their Applications, pp. 69-81. Germany: Springer.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/20857
dc.description.abstract

One of the characteristics of Demand-Driven Production is that goods should be manufactured and delivered to customers within the specified pe-riod of time. Manufacturers achieve this by utilizing various efficient production planning, scheduling tools and techniques. But situations may arise where the manufacturer, despite such techniques, may not be able to meet the required de-mand. So strategies need to be developed by which situations like these are coun-tered and the financial loss from them alleviated. One such strategy is to hedge the production of goods from third party producers. But before doing so, the manufac-turer has to carry out a cost-benefit analysis that will determine the feasibility and viability of considering this option. In this chapter, we propose a methodology by which the manufacturer does the cost-benefit analysis and then makes an informed decision about whether to hedge with third party producers.

dc.publisherSpringer
dc.subjectCost-benefit analysis
dc.subjectEquivalent Demand Expected Curve
dc.subjectDemand-Driven Production
dc.subjectDemand Expected Curve
dc.subjectHedging
dc.subjectDecision-making
dc.titleCost-Benefit Analysis to Hedge with Third Party Producers in Demand-Driven Production
dc.typeBook Chapter
dcterms.source.startPage69
dcterms.source.endPage81
dcterms.source.titleComplex Intelligent Systems and Their Applications
dcterms.source.isbn978-1-4419-1635-8
dcterms.source.placeHeidelberg
dcterms.source.chapter12
curtin.departmentDigital Ecosystems and Business Intelligence Institute (DEBII)
curtin.accessStatusFulltext not available


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