Optimal processing, blending and trading of a commodity with multiple grades and random supply
Copyright Date
January 2018
Publication Date
1-1-2018
Keywords
Optimal processing, Commodity, Supply chain management
Conference
In this paper, we consider a trader that purchases a raw commodity, processes it into multiple grades of another commodity, purifies and blends the processed inventory to get the desired mix, and sells the resulting mix in spot market. We develop a model to obtain insights on processing, purification, blending, and selling decisions.
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