Optimal hedging under output price uncertainty

Article Abstract:

The problem of optimally hedging output in the presence of output price uncertainty faced by an expected-utility-for-profit-maximizing manufacturer was examined within a theoretical and empirical framework. Specifically, the envelope theorem and indirect expected utility function were employed to derive estimating equations via Taylor series approximation. The model's application to cattle data, which indicated the decreasing absolute risk aversion of live cattle farmers, gave results that were consistent with theoretical predictions.

Operations research, Research, Management science, Case studies, Hedging (Finance), Econometrics

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Distribution center location modeling for differential sales tax structure

Article Abstract:

The influence of central sales tax (CST) on distribution network decisions in India is analyzed. A non linear mixed integer programming problem is used to determine distribution centers locations considering CST.

Organizational history, India, Location, Sales tax, Distributors (Commerce)

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Modeling and solving a Crew Assignment Problem in air transportation

Article Abstract:

A study uses combinatorial optimization and integer linear programming to assign the right number of crew in a flight.

France, Analysis, Combinatorial optimization, Flight crews

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