Hedging Based Price Decline Risk Management of Refined Oil Inventory
2013
Nowadays oil has become an important energy source with both political and economic attributes. Frequent fluctuation of oil demand and price in the international market confronts enterprises with many uncertainties in refined oil inventory management. In order to prevent the risk of oil price decline brought up by those uncertainties, this article analyzed the inventory methods of different refined oil, chose hedging as the method to manage price decline risks of oil inventory, compared the different optimal hedge ratio models, and made empirical analysis to gasoline hedging.
Keywords:
- Correction
- Source
- Cite
- Save
- Machine Reading By IdeaReader
9
References
0
Citations
NaN
KQI