File Download
Links for fulltext
(May Require Subscription)
- Publisher Website: 10.1561/0200000072
- Scopus: eid_2-s2.0-85039797275
- Find via
Supplementary
-
Citations:
- Scopus: 0
- Appears in Collections:
Article: Integrated Production Planning and Risk Hedging
Title | Integrated Production Planning and Risk Hedging |
---|---|
Authors | |
Keywords | G20 Financial Services G32 Financial Risk and Risk Management M11 Production management Supply chain disrutpions |
Issue Date | 2017 |
Publisher | Now Publishers Inc.. The Journal's web site is located at https://www.nowpublishers.com/TOM |
Citation | Foundations and Trends in Technology, Information and Operations Management, 2017, v. 11 n. 1-2, p. 89-106 How to Cite? |
Abstract | We study production planning integrated with risk hedging. In addition to using a one-time production quantity decision, made at the beginning of a planning horizon, as a way to manage demand uncertainty, we illustrate how to construct and execute a hedging strategy throughout the horizon, as a better and more effective approach to mitigating the risks involved. Furthermore, whereas traditional production planning models focus on the expected net-profit as an objective function, we study two risk measures, variance and shortfall. In both cases, we characterize the efficient frontier, and demonstrate the improved risk-return profile over a production-only decision. |
Persistent Identifier | http://hdl.handle.net/10722/272721 |
ISSN | 2023 SCImago Journal Rankings: 0.251 |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Wang, L | - |
dc.contributor.author | Yao, DD | - |
dc.date.accessioned | 2019-08-06T09:15:18Z | - |
dc.date.available | 2019-08-06T09:15:18Z | - |
dc.date.issued | 2017 | - |
dc.identifier.citation | Foundations and Trends in Technology, Information and Operations Management, 2017, v. 11 n. 1-2, p. 89-106 | - |
dc.identifier.issn | 1571-9545 | - |
dc.identifier.uri | http://hdl.handle.net/10722/272721 | - |
dc.description.abstract | We study production planning integrated with risk hedging. In addition to using a one-time production quantity decision, made at the beginning of a planning horizon, as a way to manage demand uncertainty, we illustrate how to construct and execute a hedging strategy throughout the horizon, as a better and more effective approach to mitigating the risks involved. Furthermore, whereas traditional production planning models focus on the expected net-profit as an objective function, we study two risk measures, variance and shortfall. In both cases, we characterize the efficient frontier, and demonstrate the improved risk-return profile over a production-only decision. | - |
dc.language | eng | - |
dc.publisher | Now Publishers Inc.. The Journal's web site is located at https://www.nowpublishers.com/TOM | - |
dc.relation.ispartof | Foundations and Trends in Technology, Information and Operations Management | - |
dc.rights | The final publication is available from now publishers via http://dx.doi.org/10.1561/0200000072 | - |
dc.subject | G20 Financial Services | - |
dc.subject | G32 Financial Risk and Risk Management | - |
dc.subject | M11 Production management | - |
dc.subject | Supply chain disrutpions | - |
dc.title | Integrated Production Planning and Risk Hedging | - |
dc.type | Article | - |
dc.identifier.email | Wang, L: lwang98@hku.hk | - |
dc.identifier.authority | Wang, L=rp02321 | - |
dc.description.nature | postprint | - |
dc.identifier.doi | 10.1561/0200000072 | - |
dc.identifier.scopus | eid_2-s2.0-85039797275 | - |
dc.identifier.hkuros | 300605 | - |
dc.identifier.volume | 11 | - |
dc.identifier.issue | 1-2 | - |
dc.identifier.spage | 89 | - |
dc.identifier.epage | 106 | - |
dc.publisher.place | United States | - |
dc.identifier.issnl | 1571-9545 | - |