초록

용어보기논문에서 용어와 풀이말을 자동 추출한 결과로, 시범 서비스 중입니다. AI-Helper

Abstract ▼ AI-Helper

This study suggests a complex procurement hedge model for the domestic generation company that simultaneously considers the risk factors of coal price and ocean freight rate. In addition, it analyses the superiority of the complex hedge model compared to the conventional one in terms of procurement ...

This study suggests a complex procurement hedge model for the domestic generation company that simultaneously considers the risk factors of coal price and ocean freight rate. In addition, it analyses the superiority of the complex hedge model compared to the conventional one in terms of procurement return stabilization. According to the ex-post and the ex-ante empirical results, a separate hedge could stabilize the return flow, but the complex hedge would give a better result in terms of hedging effectiveness. Thus, one could improve hedging effects by fully considering the inherent variance-covariance relationship between coal price and ocean freight rate.

주제어