In an agricultural setting it is natural to consider yield risk in the context of a three level supply chain. There is a supplier of fertilizer, a potentially large number of farmers growing cereal crops and a buyer, who purchases grain from the farmers. We study the impact of new forms of contract structure in which the farmer purchases inputs at a discount, but agrees to a reduced price for the crop. We demonstrate the potential advantages of this contract form when producers are risk averse and illustrate this through analysing the impact on Australian wheat growers.
* Joint work with Marta Monjardino
Eddie Anderson is Professor of Decision Sciences and currently holds the position of Associate Dean (Research) and Associate Dean (Research Education) at the University of Sydney Business School. Prior to joining the University of Sydney in 2008, he was at the Australian Graduate School of Management, University of New South Wales. Eddie has an honours degree in Mathematics from Cambridge, and a PhD in Operations Management, also from the University of Cambridge.
Eddie is known for work in optimization; scheduling theory and game theory. He has wide ranging interests in supply chains, particularly in relation to contracts and risk. Much of his research involves the application of these ideas in energy markets. In 2007-2008 he was Joint Director of the Centre for Energy and Environmental Markets at UNSW. He has been Area Editor for Energy at the journal Operations Research since 2012.
Risk management is also the focus of Eddie’s teaching and in 2014 he published an advanced text with Wiley: "Business Risk Management: Models and Analysis".
Eddie has published 65 papers in international academic journals. Google Scholar shows that he has over 3500 career citations and an h-index of 31. Fourteen students have successfully completed PhDs under his supervision.
Eddie has held a succession of academic leadership roles: Associate Dean Research, AGSM, UNSW 2002-2004; Acting Dean AGSM 2006; Postgraduate Associate Dean Faculty of Business, UNSW 2006-2008; and Chair, Discipline of Business Analytics, Sydney University 2008-2013.
Lunch for registered participants will be available in the WBS Staff Lounge from 12.15hrs