Hedging Output Price And Cost Uncertainty

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Hedging Output Price And Cost Uncertainty

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Author : Moawia Alghalith
language : en
Publisher:
Release Date : 2003

Hedging Output Price And Cost Uncertainty written by Moawia Alghalith and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Costs, Industrial categories.

New Economics Of Risk And Uncertainty

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Author : Moawia Alghalith
language : en
Publisher: Nova Publishers
Release Date : 2007

New Economics Of Risk And Uncertainty written by Moawia Alghalith and has been published by Nova Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.

Presents an alternative theoretical framework that can serve as the basis for a new age of economic analysis under risk and uncertainty. This work features an endogenous theory that overcomes the major shortcomings of both the expected utility and the rank-dependent models while it possesses the merits of both.

Hedging With Price And Output Uncertainty

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Author : Etienne Losq
language : en
Publisher:
Release Date : 1982

Hedging With Price And Output Uncertainty written by Etienne Losq and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with categories.

Hedging And Output Decisions Under Price And Output Uncertainty

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Author : Michael Hoy
language : en
Publisher: London : Department of Economics, University of Western Ontario
Release Date : 1983

Hedging And Output Decisions Under Price And Output Uncertainty written by Michael Hoy and has been published by London : Department of Economics, University of Western Ontario this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Hedging categories.

Multiple Uncertainty Forward Futures Markets And International Trade

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Author : Jean-Marie Viaene
language : en
Publisher:
Release Date : 1995

Multiple Uncertainty Forward Futures Markets And International Trade written by Jean-Marie Viaene and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Foreign exchange rates categories.

Tiivistelmä.

Production And Anticipatory Hedging Under Time Inconsistent Preferences

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Author : Donald D. Lien
language : en
Publisher:
Release Date : 2015

Production And Anticipatory Hedging Under Time Inconsistent Preferences written by Donald D. Lien and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.

This paper analyzes the production and hedging decisions of a competitive firm under price uncertainty and time-inconsistent preferences. We show that the firm would over-hedge and the output choice would be affected by the firm's preferences and the price distribution, thereby identifying a novel circumstance under which the full-hedge theorem and the separation theorem may fail. Furthermore, when the firm can hedge at the same time as production or ahead of production, ex ante firm value is higher in the former case, suggesting that planning ahead for price risk may backfire in the presence of time-inconsistent preferences.

Financial Hedging And Optimal Procurement Policies Under Correlated Price And Demand

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Author : Ankur Goel
language : en
Publisher:
Release Date : 2020

Financial Hedging And Optimal Procurement Policies Under Correlated Price And Demand written by Ankur Goel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.

We consider a firm that procures an input commodity to produce an output commodity to sell to the end retailer. Retailer's demand for the output commodity is negatively correlated with the price of the output commodity. The firm can sell the output commodity to the retailer either through a spot or a forward contract. Input and output commodity prices are also correlated and follow a joint stochastic price process. The firm maximizes the value of its stakeholders by jointly determining the optimal procurement policy of the input commodity, and the financial hedging policy for the sales of the output commodity. We show that partial hedging dominates both perfect hedging and no-hedging when input price, output price, and demand are correlated, and we characterize this optimal hedging policy. We identify sufficient conditions under which myopic policy is optimal for the price taking firm. We also show that expected base-stock policy is optimal in the presence of yield uncertainty. Our analysis illustrates that hedging is most beneficial when output price volatility is high and input price volatility is low. Our model is tested on the futures price data between 4/1/2005 to 12/31/2011 from Chicago Board of Trade (CBOT) for corn and ethanol.

Dealing With Commodity Price Uncertainty

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Author : Panos Varangis
language : en
Publisher: World Bank Publications
Release Date : 1996

Dealing With Commodity Price Uncertainty written by Panos Varangis and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Commodity exchanges categories.

Valuation Of Equity Securities

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Author : Geoffrey Poitras
language : en
Publisher: World Scientific
Release Date : 2010-06-30

Valuation Of Equity Securities written by Geoffrey Poitras and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-30 with Business & Economics categories.

Provides a treatment of academic and practitioner approaches to equity security valuation. This book challenges conventional academic wisdom surrounding the ergodic properties of stochastic processes, guided by historical and philosophical insights. It presents the implications of a general stochastic interpretation of equity security valuation.

Energy Finance And Economics

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Author : Betty Simkins
language : en
Publisher: John Wiley & Sons
Release Date : 2013-02-19

Energy Finance And Economics written by Betty Simkins and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02-19 with Business & Economics categories.

Thought leaders and experts offer the most current information and insights into energy finance Energy Finance and Economics offers the most up-to-date information and compelling insights into the finance and economics of energy. With contributions from today's thought leaders who are experts in various areas of energy finance and economics, the book provides an overview of the energy industry and addresses issues concerning energy finance and economics. The book focuses on a range of topics including corporate finance relevant to the oil and gas industry as well as addressing issues of unconventional, renewable, and alternative energy. A timely compendium of information and insights centering on topics related to energy finance Written by Betty and Russell Simkins, two experts on the topic of the economics of energy Covers special issues related to energy finance such as hybrid cars, energy hedging, and other timely topics In one handy resource, the editors have collected the best-thinking on energy finance.