Koberstein, Achim; Lukas, Elmar; Naumann, Marc - In: BuR - Business Research 6 (2013) 2, pp. 215-240
hedging in the presence of demand uncertainty. In this situation, we find that the integrated model can result in better …In this paper, we present a multi-stage stochastic programming model that integrates financial hedging decisions into … particular, we show that, in the illustrative example, the exchange-rate uncertainty cannot be completely eliminated by financial …
