Optimal hedging under output price uncertainty
Article Abstract:
The problem of optimally hedging output in the presence of output price uncertainty faced by an expected-utility-for-profit-maximizing manufacturer was examined within a theoretical and empirical framework. Specifically, the envelope theorem and indirect expected utility function were employed to derive estimating equations via Taylor series approximation. The model's application to cattle data, which indicated the decreasing absolute risk aversion of live cattle farmers, gave results that were consistent with theoretical predictions.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Distribution center location modeling for differential sales tax structure
Article Abstract:
The influence of central sales tax (CST) on distribution network decisions in India is analyzed. A non linear mixed integer programming problem is used to determine distribution centers locations considering CST.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
Modeling and solving a Crew Assignment Problem in air transportation
Article Abstract:
A study uses combinatorial optimization and integer linear programming to assign the right number of crew in a flight.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: A partial view of OR in Switzerland. Constructing a course schedule by solving a series of assignment type problems
- Abstracts: Integration of relationships and business network development in the Russian transition economy. Activating trust: the redefinition of roles and relationships in an international construction project
- Abstracts: Scheduling and common due date assignment with earliness-tardiness penalties and batch delivery costs. Minimizing earliness and tardiness penalties in a single-machine problem with a common due date
- Abstracts: German exports, industrial output signal weakness. Trade deficit narrows as farm exports grow. South Korea boosts spending for economy
- Abstracts: A heuristic approach for the Traveling Purchaser Problem. Two-group classification via a biobjective margin maximization model