【经管大讲堂2020第045期】

作者:时间:2020-11-09浏览:468供图:审阅:来源:乐投Letou

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报告题目:Operational Hedging or Financial Hedging? Strategic Risk Management in Commodity Procurement

报告所属学科:治理科学与工程

报告人:Xuan Zhao(加拿大威尔弗里德·劳里尔大学(Wilfrid Laurier University))

报告时间:2020年11月18日 09:00

报告所在:腾讯集会:147 328 881

报告摘要:

We study the risk management strategies of two manufacturers who procure a commodity from a supplier as the main input to produce a homogeneous product and compete in a downstream market. The manufacturers can adopt financial hedging and/or spot trading to control risks. Financial hedging can reduce profit variance by trading a financial asset, whereas spot trading as an operational hedging instrument can reduce the demand-supply mismatch risk. Our analysis indicates that neither financial hedging nor spot trading can completely dominate the other when manufacturers adopt a single risk management strategy.

报告人简介:

Xuan Zhao ,是加拿大Lazaridis经济与商业学院(Wilfrid Laurier University)运营与决策科学教授 ,现任POM期刊编辑委员会的成员。她在不列颠哥伦比亚大学获得治理科学与运输/物流学的联合博士学位。她的研究偏向涉及供应链治理 ,市场营销/ OM界面 ,收入治理 ,创业精神和可连续运营领域。她的研究论文宣布在M&SOM、POM、IIE Transactions、EJOR、NRL、QME、EJM等著名期刊上。


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