Ni, Jian; Chu, Lap Keung; Wu, Feng; Sculli, Domenic; … - In: European Journal of Operational Research 221 (2012) 2, pp. 424-431
This paper addresses the problem of mitigating procurement risk that arises from volatile commodity prices by proposing a hedging strategy within a multi-stage time frame. The proposed multi-stage hedging strategy requires a commodity futures position to be correctly initialised and rebalanced...