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IMPACT OF RISING FUEL COST ON PERISHABLE PRODUCT PROCUREMENT
Author(s) -
Acharya Ram N,
Kagan Albert,
Manfredo Mark R.
Publication year - 2009
Publication title -
journal of business logistics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.611
H-Index - 79
eISSN - 2158-1592
pISSN - 0735-3766
DOI - 10.1002/j.2158-1592.2009.tb00106.x
Subject(s) - procurement , product (mathematics) , business , industrial organization , autoregressive model , strategic sourcing , economics , econometrics , commerce , marketing , geometry , mathematics , strategic financial management , strategic planning
This paper models the dynamic interactions between product prices at different regional markets and input costs and derives cost‐price thresholds that can be used to evaluate alternative product sourcing and procurement strategies. The model is tested empirically by estimating a vector autoregressive model using data from the U.S. leafy green industry.