Hedging Based Price Decline Risk Management of Refined Oil Inventory

Xing Bi (), Yao-long Zhang and Yan-wei Liu
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Xing Bi: University of Tianjin
Yao-long Zhang: University of Tianjin
Yan-wei Liu: Peking University Health Science Center

Chapter Chapter 131 in The 19th International Conference on Industrial Engineering and Engineering Management, 2013, pp 1249-1257 from Springer

Abstract: Abstract 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: Hedging; Risk management; OLS (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-38433-2_131

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DOI: 10.1007/978-3-642-38433-2_131

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