Rastislav Ivanic
Mendel Biotechnology, Inc.
Publications 3
#1Joshua R. YoderH-Index: 2
#2Corinne E. Alexander (Purdue University)H-Index: 13
Last.Steven Y. Wu (Purdue University)H-Index: 10
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We evaluate how different contract designs impact risk sharing along the supply chain for the dedicated energy crop miscanthus. We model the full production and transportation system of the miscanthus supply chain because a sustainable supply chain must procure biomass in a cost-effective manner. Using this model, we estimate the financial returns and risks for both a farmer producing miscanthus and the biofuels plant purchasing miscanthus. We evaluate differences among contracts that are design...
6 CitationsSource
#1Corinne E. Alexander (AAEA: Agricultural & Applied Economics Association)H-Index: 13
#2Rastislav Ivanic (Mendel Biotechnology, Inc.)H-Index: 2
Last.Joshua R. YoderH-Index: 2
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This article provides an overview of modern contract theory and discusses the implications of the theory for contracting for perennial dedicated energy crops. We discuss some of the unique challenges of contracting for dedicated energy crops used for the production of advanced biofuels and survey some of the relevant concepts and research from the contract theory literature to address these challenges. We focus primarily on the “mechanism design” or “complete contracts” approach to contracting, ...
29 CitationsSource
#1Subbu Kumarappan (MSU: Michigan State University)H-Index: 3
#2Rastislav Ivanic (Mendel Biotechnology, Inc.)H-Index: 2
When the lignocellulosic biofuels industry reaches maturity and many types of biomass sources become economically viable, management of multiple feedstock supplies – that vary in their yields, density (tons per unit area), harvest window, storage and seasonal costs, storage losses, transport distance to the production plant – will become increasingly important for the success of individual enterprises. The manager’s feedstock procurement problem is modeled as a multi-period sequence problem to a...
1 Citations