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Operational Flexibility and Financial Hedging: Complements or Substitutes?

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  1. Jiao Wang & Lima Zhao & Arnd Huchzermeier, 2021. "Operations‐Finance Interface in Risk Management: Research Evolution and Opportunities," Production and Operations Management, Production and Operations Management Society, vol. 30(2), pages 355-389, February.
  2. Jian Ni & Lap Keung Chu & Shoude Li, 2018. "Financial hedging and competitive strategy for value-maximizing firms under quantity competition," Annals of Operations Research, Springer, vol. 264(1), pages 391-407, May.
  3. Jiri Chod, 2017. "Inventory, Risk Shifting, and Trade Credit," Management Science, INFORMS, vol. 63(10), pages 3207-3225, October.
  4. Liao Wang & David D. Yao, 2017. "Production with Risk Hedging—Optimal Policy and Efficient Frontier," Operations Research, INFORMS, vol. 65(4), pages 1095-1113, August.
  5. Ni, Jian & Chu, Lap-Keung & Yen, Benjamin P.C., 2016. "Coordinating operational policy with financial hedging for risk-averse firms," Omega, Elsevier, vol. 59(PB), pages 279-289.
  6. Nikolay Osadchiy & Vishal Gaur & Sridhar Seshadri, 2016. "Systematic Risk in Supply Chain Networks," Management Science, INFORMS, vol. 62(6), pages 1755-1777, June.
  7. Van den Broeke, Maud M. & Boute, Robert N. & Van Mieghem, Jan A., 2018. "Platform flexibility strategies: R&D investment versus production customization tradeoff," European Journal of Operational Research, Elsevier, vol. 270(2), pages 475-486.
  8. Ni, Jian & Chu, Lap Keung & Li, Qiang, 2017. "Capacity decisions with debt financing: The effects of agency problem," European Journal of Operational Research, Elsevier, vol. 261(3), pages 1158-1169.
  9. Panos Kouvelis & Danko Turcic & Wenhui Zhao, 2018. "Supply Chain Contracting in Environments with Volatile Input Prices and Frictions," Manufacturing & Service Operations Management, INFORMS, vol. 20(1), pages 130-146, February.
  10. Bolandifar, Ehsan & Chen, Zhong, 2020. "Hedging through index-based price contracts in commodity-based supply chains," Omega, Elsevier, vol. 90(C).
  11. Marta Pérez-Pérez & Canan Kocabasoglu-Hillmer & Ana María Serrano-Bedia & María Concepción López-Fernández, 2019. "Manufacturing and Supply Chain Flexibility: Building an Integrative Conceptual Model Through Systematic Literature Review and Bibliometric Analysis," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 20(1), pages 1-23, December.
  12. Panos Kouvelis & Guang Xiao & Nan Yang, 2021. "Role of Risk Aversion in Price Postponement Under Supply Random Yield," Management Science, INFORMS, vol. 67(8), pages 4826-4844, August.
  13. Jing Chen & Hang Wei & Lei Xie, 2022. "Mitigating Product Quality Risk under External Financial Pressure: Inspection, Insurance, and Cash/Collateralized Loan," Production and Operations Management, Production and Operations Management Society, vol. 31(1), pages 304-317, January.
  14. Heikki Peura & Derek W. Bunn, 2021. "Renewable Power and Electricity Prices: The Impact of Forward Markets," Management Science, INFORMS, vol. 67(8), pages 4772-4788, August.
  15. Liao Wang & Jin Yao & Xiaowei Zhang, 2022. "How Does Risk Hedging Impact Operations? Insights from a Price-Setting Newsvendor Model," Papers 2201.01026, arXiv.org, revised Jun 2023.
  16. Ahmed, Shamim & Judge, Amrit & Mahmud, Syed Ehsan, 2018. "Does derivatives use reduce the cost of equity?," International Review of Financial Analysis, Elsevier, vol. 60(C), pages 1-16.
  17. Friberg, Richard & Huse, Cristian, 2012. "How to use demand systems to evaluate risky projects, with an application to automobile production," CEPR Discussion Papers 9266, C.E.P.R. Discussion Papers.
  18. Hung, Yick-Hin & Li, Leon Y.O. & Cheng, T.C.E., 2013. "Transfer of newsvendor inventory and supply risks to sub-industry and the public by financial instruments," International Journal of Production Economics, Elsevier, vol. 143(2), pages 567-573.
  19. Wang, Moran & Guo, Xiaolong & Wang, Shouyang, 2022. "Financial hedging in two-stage sustainable commodity supply chains," European Journal of Operational Research, Elsevier, vol. 303(2), pages 803-818.
  20. Liao Wang & David D. Yao, 2021. "Risk Hedging for Production Planning," Production and Operations Management, Production and Operations Management Society, vol. 30(6), pages 1825-1837, June.
  21. Tanrisever, Fehmi & Morrice, Douglas & Morton, David, 2012. "Managing capacity flexibility in make-to-order production environments," European Journal of Operational Research, Elsevier, vol. 216(2), pages 334-345.
  22. Lieven Demeester & Mei Qi & Luk N. Van Wassenhove, 2013. "Plant Networks for Processing Recyclable Materials," Manufacturing & Service Operations Management, INFORMS, vol. 15(4), pages 670-688, October.
  23. Cheong, Taesu & Song, Sang Hwa, 2013. "The value of information on supply risk under random yields," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 60(C), pages 27-38.
  24. Danko Turcic & Panos Kouvelis & Ehsan Bolandifar, 2015. "Hedging Commodity Procurement in a Bilateral Supply Chain," Manufacturing & Service Operations Management, INFORMS, vol. 17(2), pages 221-235, May.
  25. Frank Youhua Chen & Candace Arai Yano, 2010. "Improving Supply Chain Performance and Managing Risk Under Weather-Related Demand Uncertainty," Management Science, INFORMS, vol. 56(8), pages 1380-1397, August.
  26. Jiaqi Jiang & Yun Feng, 2021. "The interaction of risk management tools: Financial hedging, corporate diversification and liquidity," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 2396-2413, April.
  27. Zhao, Lima & Huchzermeier, Arnd, 2017. "Integrated operational and financial hedging with capacity reshoring," European Journal of Operational Research, Elsevier, vol. 260(2), pages 557-570.
  28. Onur Boyabatlı & Paul R. Kleindorfer & Stephen R. Koontz, 2011. "Integrating Long-Term and Short-Term Contracting in Beef Supply Chains," Management Science, INFORMS, vol. 57(10), pages 1771-1787, October.
  29. Volodymyr Babich & Panos Kouvelis, 2018. "Introduction to the Special Issue on Research at the Interface of Finance, Operations, and Risk Management (iFORM): Recent Contributions and Future Directions," Manufacturing & Service Operations Management, INFORMS, vol. 20(1), pages 1-18, February.
  30. Sayın, F. & Karaesmen, F. & Özekici, S., 2014. "Newsvendor model with random supply and financial hedging: Utility-based approach," International Journal of Production Economics, Elsevier, vol. 154(C), pages 178-189.
  31. Guozhao Cao & Zhan Wang, 2021. "Product flexibility of competitive manufactures: the effect of debt financing," Annals of Operations Research, Springer, vol. 307(1), pages 53-74, December.
  32. Wang, Mengyue & Huang, Hongxuan, 2019. "The design of a flexible capital-constrained global supply chain by integrating operational and financial strategies," Omega, Elsevier, vol. 88(C), pages 40-62.
  33. Richard Friberg & Thomas Seiler, 2021. "Different ways of managing risk as reported in 10‐Ks: A supervised learning approach," The Financial Review, Eastern Finance Association, vol. 56(4), pages 773-792, November.
  34. Caliskan Demirag, Ozgun, 2013. "Performance of weather-conditional rebates under different risk preferences," Omega, Elsevier, vol. 41(6), pages 1053-1067.
  35. John R. Birge, 2015. "OM Forum—Operations and Finance Interactions," Manufacturing & Service Operations Management, INFORMS, vol. 17(1), pages 4-15, February.
  36. Liu, Jing & Xia, Senmao & Wang, Zhaoxing & Nie, Jiajia & Ameen, Nisreen & Yan, Cheng & Lim, Ming K., 2023. "How to balance economic profits and environmental protection: The impacts of cash hedging on remanufacturing firms," International Journal of Production Economics, Elsevier, vol. 258(C).
  37. Wei, Liqun & Zhang, Jianxiong, 2021. "Strategic substitutes or complements? The relationship between capacity sharing and postponement flexibility," European Journal of Operational Research, Elsevier, vol. 294(1), pages 138-148.
  38. Fei Gao & Ozgun Caliskan Demirag & Frank Y. Chen, 2012. "Early Sales of Seasonal Products with Weather‐Conditional Rebates," Production and Operations Management, Production and Operations Management Society, vol. 21(4), pages 778-794, July.
  39. Achal Bassamboo & Ramandeep S. Randhawa & Jan A. Van Mieghem, 2012. "A Little Flexibility Is All You Need: On the Asymptotic Value of Flexible Capacity in Parallel Queuing Systems," Operations Research, INFORMS, vol. 60(6), pages 1423-1435, December.
  40. Niu, Baozhuang & Chu, Lap-Keung & Ni, Jian & Wang, Junwei, 2018. "Buy now and price later: Supply contracts with time-consistent mean–variance financial hedgingAuthor-Name: Li, Qiang," European Journal of Operational Research, Elsevier, vol. 268(2), pages 582-595.
  41. Fehmi Tanrisever & Nitin Joglekar & Sinan Erzurumlu & Moren Lévesque, 2021. "Managing Capital Market Frictions via Cost-Reduction Investments," Manufacturing & Service Operations Management, INFORMS, vol. 23(1), pages 88-105, 1-2.
  42. Liu, Zugang & Wang, Jia, 2019. "Supply chain network equilibrium with strategic financial hedging using futures," European Journal of Operational Research, Elsevier, vol. 272(3), pages 962-978.
  43. Alexei Alexandrov, 2015. "When Should Firms Expose Themselves to Risk?," Management Science, INFORMS, vol. 61(12), pages 3001-3008, December.
  44. Panos Markou & Daniel Corsten, 2021. "Financial and Operational Risk Management: Inventory Effects in the Gold Mining Industry," Production and Operations Management, Production and Operations Management Society, vol. 30(12), pages 4635-4655, December.
  45. Jiri Chod & Mihalis G. Markakis & Nikolaos Trichakis, 2021. "On the Learning Benefits of Resource Flexibility," Management Science, INFORMS, vol. 67(10), pages 6513-6528, October.
  46. Zhao, Lima & Huchzermeier, Arnd, 2015. "Operations–finance interface models: A literature review and framework," European Journal of Operational Research, Elsevier, vol. 244(3), pages 905-917.
  47. Wei Xing & Shanshan Ma & Xuan Zhao & Liming Liu, 2022. "Operational hedging or financial hedging? Strategic risk management in commodity procurement," Production and Operations Management, Production and Operations Management Society, vol. 31(8), pages 3233-3263, August.
  48. Chen, Sihua & Du, Jiangze & He, Wei & Siponen, Mikko, 2022. "Supply chain finance platform evaluation based on acceptability analysis," International Journal of Production Economics, Elsevier, vol. 243(C).
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