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In this thesis an international investment filter rule is used to test both the tendency for Purchasing Power Parity (PPP) to hold in the long run and the hypothesis of foreign exchange market efficiency for the four most actively traded currencies in the world vis-a-vis the United States dollar: the British pound, the Japanese yen, the Germany mark, and the Canadian dollar. One way to examine whether there is a tendency for PPP to hold in the long run and whether the foreign exchange market is efficient, is to place more money in the 'undervalued' currency according to PPP deviations or to invest according to PPP deviations, putting more money into interest bearing securities in the 'undervalued' currency, the more this currency is undervalued. The return can then be compared with a reference rule which does not use this filter, but instead puts an equal value of money into the currencies or the securities of each country. This thesis has produced three results. First, using the PPP filter in the exchange money market yields no significantly abnormal rate of return compared with the reference rule. The result suggests that we can not reject the hypothesis that the tendency for PPP to hold in the long run does not exist. Second, using the PPP filter to invest in securities also yields no significantly higher rate of return compared with the reference rule. And third, when comparing the domestic (or foreign) interest rates with the rates of return for the domestic (or foreign) investor who uses the PPP filter, there is no significant difference between these rates in the long run. The last two results suggest that we can not reject the hypothesis that the foreign exchange-market is efficient. / Business, Sauder School of / Graduate

The portfolio model of hedging framework, based off Markowitz (1952), is used to determine the best mix of futures, basis, and option contracts to hedge a soybean purchase from PNW 28 weeks in to the future. Eighteen options are incorporated including in-the-money, at-the-money, and out-of-the-money call and puts with different expiration dates. Futures and option pricing data is extracted from ProphetX from November of 2013 to December of 2016. Expected utility objectives including mean-variance, CVaR, Mean-CVaR, and Mean-CVaR with copula are maximized using linear programming optimization methods. A two stage model is built to simulate hedging scenarios while measuring various statistics. Under high risk aversion, a standard futures hedge performs the best. Buyers with lower risk aversion should explore option strategies. In-the-money calls, collars, strangles, and short butterfly strategies all perform well.

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<p>Course:        Bachelor Thesis in Business Administration, 15 ECTS</p><p> </p><p>Topic:          The Impact of Strategic Purchasing on an Organization’s Profitability</p><p>                     A Case Study of Ghana Telecom Company        </p><p>                                         </p><p> </p><p>Supervisor:     Mats Viimne</p><p>Background:  The purchasing function contributes directly to the operating results and</p><p>                       profitability of an organization. It has been argued out that, the fact that</p><p>                       purchasing is responsible for spending more than 60 percent of an organization’s    </p><p>                       sales dollars highlights the profit-enhancing potentials of the purchasing on an</p><p>                       organization.</p><p> </p><p>                                 </p><p>Problem:       How can strategic purchasing affect the profitability of an organization?</p><p> </p><p>Purpose:       The purpose of this research is to describe how strategic purchasing impact on</p><p>                      the profitability of Ghana Telecom Company.    </p><p> </p><p>Method:      The author collected both primary and secondary data in order to fulfill the  </p><p>                    purpose of the paper; the primary data was gathered directly from relevant sources</p><p>                    in Ghana Telecom Company, through telephone and email interviews. The</p><p>                    secondary data was obtained from indirect sources, such as textbooks, articles, and</p><p>                    websites. The method used can be described as a qualitative.</p><p> </p><p>Conclusion: An organization’s purchasing strategy is becoming recognized as a strategic weapon</p><p>                    equal in importance to its marketing, conversion and finance strategies as pointed</p><p>                     out by Dobler et al. Ghana Telecom Company’s strategic approach to buying include</p><p>                    multiple sourcing, short-term contracting and competitive bidding as a measure</p><p>                    towards increasing its profitability by being able to source at the lowest cost, and</p><p>                    having other sourcing alternatives, which leads to cost reduction.</p>

by Wong Yue Yan, Henry, Wan Sau Chun. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1988. / Bibliography: leaves 87-89.

Thesis (M. P. A.)--University of Hong Kong, 2006. / Title proper from title frame. Also available in printed format.

Course:        Bachelor Thesis in Business Administration, 15 ECTS   Topic:          The Impact of Strategic Purchasing on an Organization’s Profitability                      A Case Study of Ghana Telecom Company                                                     Supervisor:     Mats Viimne Background:  The purchasing function contributes directly to the operating results and                        profitability of an organization. It has been argued out that, the fact that                        purchasing is responsible for spending more than 60 percent of an organization’s                            sales dollars highlights the profit-enhancing potentials of the purchasing on an                        organization.                                     Problem:       How can strategic purchasing affect the profitability of an organization?   Purpose:       The purpose of this research is to describe how strategic purchasing impact on                       the profitability of Ghana Telecom Company.       Method:      The author collected both primary and secondary data in order to fulfill the                       purpose of the paper; the primary data was gathered directly from relevant sources                     in Ghana Telecom Company, through telephone and email interviews. The                     secondary data was obtained from indirect sources, such as textbooks, articles, and                     websites. The method used can be described as a qualitative.   Conclusion: An organization’s purchasing strategy is becoming recognized as a strategic weapon                     equal in importance to its marketing, conversion and finance strategies as pointed                      out by Dobler et al. Ghana Telecom Company’s strategic approach to buying include                     multiple sourcing, short-term contracting and competitive bidding as a measure                     towards increasing its profitability by being able to source at the lowest cost, and                     having other sourcing alternatives, which leads to cost reduction.

China is now the main supplier in the generic pharmaceutical and bulk drugs supply market. The low-cost sourcing of raw materials from domestic manufacturers allows Chinese pharmaceutical companies to be competitive. Purchasing becomes strategic importance to the overall business performance through the implementation of concrete purchasing practices. This thesis is mainly to study the capsule purchasing practices in Chinese pharmaceutical companies. Three objectives are proposed in order to achieve the purpose: 1) Describe the capsule purchasing procedures of the companies; 2) Compare and analyse similarities and differences of their purchasing procedures; 3) Give acceptable reasons for these similarities and differences. These objectives are fulfilled on the basis of the developed van Weele’s purchasing procedure model and the factors integrated in purchasing. In this multiple-case study, qualitative approach is utilized in order to describe and interpret the how and why questions. The unstructured face-to face interviews are used. The study finds that the capsule purchasing strategy in Chinese pharmaceutical companies is at the stage of supply management and this may induct the raw material purchasing strategy in Chinese pharmaceutical industry.

Financial Crisis has seriously shut down global economy and Taiwan also couldn¡¦t escape from the strike of current Financial Tsunami. Under this condition, consumers become stricter on budgeting. Especially as rising price causes real income decrease, consumers would pinch pennies on necessity spending. We all know Watsons is the famous chain store of cosmeceuticals, which sells not only medicine but also cosmetics and commodities. Thus, this research takes Watsons as the example to explore the relationship among sales promotion, perceptive value, purchasing intention, and customer¡¦s loyalty. The main purposes as follows. 1. To understand customer¡¦s view towards sale promotion campaigns of Watsons. 2. To explore whether different sales promotion campaigns influence perceptive value, purchasing intention or customer¡¦s loyalty. 3. To discuss the relationship among sales promotion, perceptive value, purchasing intention, and customer¡¦s loyalty. 4. To analyze whether impulse purchasing characteristics modifies the effect of sales promotion on perceptive value, purchasing intention, and customer¡¦s loyalty. According to SPSS statistic analysis software, I have some findings as follows¡G 1. Customers prefer ¡§pay one more dollar, get one more item¡¨ than ¡§Redeem¡¨ 2. Different sales promotion cause different influences on perceptive value, purchasing intention, and customer¡¦s loyalty. 3. The effect of sales promotion on purchasing intention and customer¡¦s loyalty is significant. 4. Impulse purchasing characteristic doesn¡¦t have modified effect.