Markets have an important role to play in advancing an improved understanding of international tr... more Markets have an important role to play in advancing an improved understanding of international trading relationships. Two most important economic issues, which contribute to improved national welfare and ensure long-run competitive market equilibrium in international markets, are market integration and market efficiency. To provide softwood lumber markets related information to the policy makers, economic analyses relating market integration and market efficiency of the combined markets of Canada and the US have been conducted. The economic analyses include: (i) testing cointegration of prices among North American softwood lumber markets; (ii) identifying price leading markets in long-run price structure of these cointegrated markets; (iii) examining the degree of market integration among these markets; and (iv) testing the efficiency of spatial arbitrage among these markets. First, the price linkages in the North American softwood lumber markets have been explored over different tr...
The Canadian forest products industry has failed to retain its competitiveness in the global mark... more The Canadian forest products industry has failed to retain its competitiveness in the global markets under stochastic supply and demand conditions. Supply chain management models that integrate the two-way flow of information and materials under stochastic supply and demand can ensure capacity-feasible production of forest industry and achieve desired customer satisfaction levels. This thesis aims to develop a real-time decision support system, using simulation-based optimization approach, for the Canadian forest products industry under uncertain market supply and demand conditions. First, a simulation-based optimization model is developed for a single product (sawlogs), single industry (sawmill) under demand uncertainty that minimizes supply chain costs and finds optimum inventory policy parameters (s, S) for all agents. The model is then extended to multi-product, multi-industry forest products supply chain under supply and demand uncertainty, using a pulp mill as the nodal agent....
Markets have an important role to play in advancing an improved understanding of international tr... more Markets have an important role to play in advancing an improved understanding of international trading relationships. Two most important economic issues, which contribute to improved national welfare and ensure long-run competitive market equilibrium in international markets, are market integration and market efficiency. To provide softwood lumber markets related information to the policy makers, economic analyses relating market integration and market efficiency of the combined markets of Canada and the US have been conducted. The economic analyses include: (i) testing cointegration of prices among North American softwood lumber markets; (ii) identifying price leading markets in long-run price structure of these cointegrated markets; (iii) examining the degree of market integration among these markets; and (iv) testing the efficiency of spatial arbitrage among these markets. First, the price linkages in the North American softwood lumber markets have been explored over different tr...
The Canadian forest products industry has failed to retain its competitiveness in the global mark... more The Canadian forest products industry has failed to retain its competitiveness in the global markets under stochastic supply and demand conditions. Supply chain management models that integrate the two-way flow of information and materials under stochastic supply and demand can ensure capacity-feasible production of forest industry and achieve desired customer satisfaction levels. This thesis aims to develop a real-time decision support system, using simulation-based optimization approach, for the Canadian forest products industry under uncertain market supply and demand conditions. First, a simulation-based optimization model is developed for a single product (sawlogs), single industry (sawmill) under demand uncertainty that minimizes supply chain costs and finds optimum inventory policy parameters (s, S) for all agents. The model is then extended to multi-product, multi-industry forest products supply chain under supply and demand uncertainty, using a pulp mill as the nodal agent....
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Papers by kamal shahi