Operational Hedging Against Adverse Circumstances
Abstract
This paper investigates operational hedging against severe disruptions to normal operations. It offers a new method to evaluate the extent that operations policy serves as a hedge against adverse circumstances. We apply the proposed method to explore how supply chain characteristics affect the responses of airlines to the acute demand fall off after the September 11 terrorist attacks. Results indicate that operational hedging vehicles (fleet...
Paper Details
Title
Operational Hedging Against Adverse Circumstances
Published Date
Jan 1, 2008
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