IEA estimates that India's economy will grow at higher rate and it will be same as US economy in 2040. The distance from major fossil fuel reach countries to Indian borders are not more than 1000 to 2000 km either by sea or land route. The best possible mode for importing natural gas is...

Purpose: The purpose of our paper is to analyze optimal purchasing strategies when a manufacturer can buy raw materials from a long-term contract supplier and a spot market under spot price uncertainty. Design/methodology/approach: This procurement model can be solved by using dynamic...