E-learning in Price Risk Management

The principal achievement of this paper is the combinative use of two market institutions: public warehousing and commodity exchange and how their joint application is beneficial for the players on the grain market. Based on a theoretical foundation, a calculation model was developed in order to ass...

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Bibliographic Details
Main Authors: Csapo, Z., Karpati, L., Kozar, L., Nabradi, A.
Format: Conference Proceeding
Language:English
Subjects:
Business
Commodity Exchange
Contracts
Costs
E-model
Electronic learning
Europe
Financial management
Lombard financing
Production
Protection
Public Warehousing
Risk management
Warehousing
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Summary:The principal achievement of this paper is the combinative use of two market institutions: public warehousing and commodity exchange and how their joint application is beneficial for the players on the grain market. Based on a theoretical foundation, a calculation model was developed in order to assist short and long-term marketing decisions. This electronically developed and working model allows all the three participants of the market: producers, consumers and traders, to use this model in immediate calculations in price decisions and business transactions. The model can be used to analyze factors influencing the establishment of price; therefore, it can be also used for policy-making decisions and applied in our undergraduate and graduate education.
DOI:10.1109/IC4E.2010.117