【讲座一】
主题Topic：Modelling Financing and Incentives in Agricultural Cooperative Supply Chains
时间Time：2024年4月30日 上午9:30-10:30（09:30-10:30AM, 30 April 2024）
地点Location：线上会议（腾讯会议号：977104665）
摘要Abstract：
In agricultural marketing co-operatives (co-ops), a group of farmers, or growers, collaborate under a single cooperative organizational structure to process and market their products. The trade-offs faced within the supply chain are often different to those faced by traditional investor-owned firms. For example, most co-ops pledge to take all product produced by farmers, rather than being able to place specific orders with suppliers. Further, operational and financial decisions become inseparable because capital investment decisions are linked to the co-op's economic transactions with its members. This is particularly true for so-called proportional investment co-ops, where farmers' equity is required to be in proportion to their patronage. That is, farmers who supply a greater quantity of the given product are required to supply a proportionately higher amount of equity for the co-op. Further, equity investment in agricultural cooperatives (co-ops) is typically limited to farmer-members; yet farmers are usually cash-constrained. In addition to the common stock that is held by farmer-members, many co-ops are changing their financial structure by raising equity from external investors. This helps co-ops to collect enough capital, but also brings to the fore the conflicting benefits of farmers and external investors. This talk provides a high-level view of interesting problems in this area as well as presenting a specific two-stage game-theoretic model to examine a start-up co-op’s farm-gate pricing and financing strategies, considering two types of external fund: preferred stock that bears a fixed return rate and outside stock that shares the net profit (in proportion to equity) with common stock. We characterize the co-op’s farm-gate pricing and financial strategies (i.e., whether to issue equity, and how much to issue) in different scenarios, and discuss a variety of managerial insights.
【讲座二】
主题Topic：Academic Development Path for Young Scholars in Business School
时间Time：2024年4月30日 上午10:30-11:30（10:30-11:30AM, 30 April 2024）
地点Location：线上会议（腾讯会议号：977104665）
报告人：Professor Tava Olsen (Deputy Dean, Academic at Melbourne Business School)
报告人简介：
Tava Olsen is a Professor of Operations and Supply Chain Management and the Deputy Dean, Academic at Melbourne Business School.
Tava is an award-winning expert in operations and supply chain management, with a PhD from Stanford University and extensive experience publishing in and serving on the editorial board of four Financial Times Top 50 journals.
Prior to joining Melbourne Business School, she was the head of two departments at the University of Auckland Business School: Information Systems and Operations Management, as well as Accounting and Finance. She also served previously as Deputy Dean from 2020 to 2021 and was also the Director of its Centre for Supply Chain Management from 2010 to 2022.
Tava has edited several top academic journals including Operations Research (Area Editor for Operations and Supply Chain), Production and Operations Management (Senior Editor), Management Science (Associate Editor) and Manufacturing and Service Operations Management (Associate Editor).
