Skip to:Content
|
Bottom
Agricultural supply chains and the challenge of price risk için kapak resmi
Başlık:
Agricultural supply chains and the challenge of price risk
Yazar:
Williams, John. (John L.) author
ISBN:
9780415826983

9780415827003
Fiziksel Tanımlama:
x, 293 pages : illustrations ; 24 cm.
Seri:
Earthscan food and agriculture series
İçerik:
Preface vii Acronyms ix Introduction 1 (4) 1 Integration and forward contracting 5 (21) 2 Forward markets 26 (18) 3 Problems with risk management 44 (14) 4 Position, default, and valuation 58 (22) 5 Futures hedging and effectiveness 80 (22) 6 Options hedging and price enhancement 102 (26) 7 Over-the-counter pricing products 128 (17) 8 Tactics and evaluation 145 (25) 9 Postharvest issues 170 (23) 10 Currency and risk management 193 (19) 11 Limitations in managing risk 212 (16) 12 Arbitrage and spread trades 228 (13) Conclusion 241 (4) Notes 245 (36) Glossary 281 (8) Index 289
Özet:
This book discusses the issues of integration within food and fibre supply chains and the challenges in managing price risk. The problems of integration and price risk are interwoven in agricultural supply chains with production and supply risk as well as hoarding. However, without supply chain integration through commercial trade markets there can be no forward market upon which forward transactions and the management of price risk can be based. Without a forward market that can reduce opportunistic behaviour, there is likely to be little security of supply, particularly under high production risk and price uncertainty. Whilst price risk management is possible under certain circumstances, there are many factors that can prevent the development of forward markets or cause them to collapse, thus undermining the ability to manage price risk within acceptable risk and return parameters. Market positions therefore need to be valued and often settled daily due to the risk of contract default. In addition, the issue of currency risk and its management applies to international market positions and transactional exposures. The book analyses a range of price risk management strategies from forward contracting through to futures and options hedging, and finally to over-the-counter products. Evaluation techniques are developed to aid decision-making. The author concludes that forward market development may be the exception rather than the norm, and that whilst favourable price risk management outcomes may be possible, they can sometimes be caused more by luck than through good management. It is shown how tactics are an important consideration in decision-making to minimize costs and losses. Show less
Holds:
Copies:

Mevcut:*

Library
Materyal Türü
Demirbaş
Yer Numarası
Durumu / Lokasyon / İade Tarihi
Arıyor...
Kitap EKOBKN0001879 332.6441 WIL 2014
Arıyor...

On Order

Go to:Top of Page