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. While most research on fuel hedging has concentrated on the U.S. airline market, this paper is the first study to include …. Financial and operational hedging strategies serve aviation managers as a tool to counteract high and volatile fuel prices … reject the hypothesis that financial hedging decreases risk exposure. One possibility is that the decreased volatility in jet …
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We analyze a petroleum refinery's procurement strategy, explaining how risk management affects optimal sourcing from long-term, spot, and swap contracts. We use time series analysis to model the interaction between petroleum prices, transportation costs, and gross product worth. These models are...
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