The Factor Analysis of Group Purchasing in Industrial Cluster

Author

Chen Dapeng ; Wang Guohong ; Liu Ying

Author_Institution

Sch. of Manage., Dalian Univ. of Technol., Dalian, China

fYear

2009

fDate

20-22 Sept. 2009

Firstpage

1

Lastpage

4

Abstract

Industrial cluster has the function of risk sharing. And this paper may use the mathematical model to analyze the whole cluster´s procurement strategy including the optimal quantity of the forward contracts. Considering the pricing of the forward contracts in the floating interest structure, this paper makes further analysis on the decision model of the whole cluster. Through the conclusion from the model, the decision maker may increase of decrease the quantity of forward contracts by the value of the influence factors considering the whole cluster´s benefit.

Keywords

decision making; procurement; purchasing; decision making; decision model; factor analysis; floating interest structure; forward contracts; group purchasing; industrial cluster; influence factors; mathematical model; optimal quantity; procurement strategy; risk sharing; Costs; Economies of scale; Electricity supply industry; Forward contracts; Pricing; Production; Raw materials; Risk analysis; Risk management; Technology management;

fLanguage

English

Publisher

ieee

Conference_Titel

Management and Service Science, 2009. MASS '09. International Conference on

Conference_Location

Wuhan

Print_ISBN

978-1-4244-4638-4

Electronic_ISBN

978-1-4244-4639-1

Type

conf

DOI

10.1109/ICMSS.2009.5303413

Filename

5303413