This chapter examines the interaction between supply price uncertainty and demand uncertainty. We consider a manufacturer who sources a key component using different procurement options: a long-term order on a price-only contract, short-term orders on an adjustment contract, and short-term...

Long-term concession contracts associated with Private Finance Initiative (PFI) projects, such as National Health Service (NHS) hospitals, are subject to substantial risks, which may not only emerge from project activities such as design and construction, but also from global issues beyond the...