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TARP Investments: Financials And Politics

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Executive Summary

The authors consider the integrated optimization problem of procurement, processing and trade of commodities over a network in a multiperiod setting. Motivated by the operations of a prominent commodity processing firm, the authors model a firm that operates a star network with multiple locations at which it can procure an input commodity and has processing capacity at a central location to convert the input into a processed commodity. The processed commodity is sold using forward contracts, while the input itself can be traded at the end of the horizon.

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