We consider a variation of the economic order quantity (EOQ) model where cumulative holding cost is a nonlinear function of time. This problem has been studied by Weiss (1982), and we here show how it is an approximation of the optimal order quantity for perishable goods, such as milk, and...

Purpose: This paper investigates the inter-relationships among supply integration, demand integration and internal integration in the context of food banking. Design/methodology/approach: This study utilizes survey data from managers at 71 different food banks in the US combined with secondary...

Commodity prices often fluctuate significantly from one purchasing opportunity to the next. These fluctuations allow firms to benefit from forward buying (buying for future demand in addition to current demand) when prices are low. We propose a combined heuristic to determine the optimal number...

Today's common business practice of extracting non-renewable raw materials from the earth, processing them, turning them into products, selling the products to customers, and then having the customers dispose of the products in a landfill or through incineration is not sustainable. Eventually,...

Based on the proposition that leasing is environmentally superior to selling, some firms have adopted a leasing strategy and others promote their existing leasing programs as environmentally superior to "green" their image. The argument is that because a leasing firm retains ownership of the...

This series of six reports entitled: "On-Farm Food Safety and Environmental Farm Plans: Identifying and Classifying Benefits and Costs" was initiated soon after the launch of the Agricultural Policy Framework (APF) in 2002. The APF recognized the importance of food safety and environmental...

This paper estimates the degree of variation over time in the price for bearing exposure to U.S. corporate default risk during 2000-2004, based on the relationship between default probabilities, as estimated by Moody’s KMV EDFs, and default swap (CDS) market rates. The default-swap data,...

On 9-10 September 2004, the BIS held a workshop on