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Risk Management in the Hungarian Grain Trading Sector – the Risk Diagrams

Author

Listed:
  • Csaba Ottó

    (Óbuda University)

Abstract

In Hungary, annually tens of millions of tonnes of grain products are sold in commerce domestically and several million tonnes leave the country towards the export markets. The commercial chains dealing with the distribution are organised on the basis of the joint and complex effect of several special risk factors. The commercial chains have to manage the uncertainties of the expectable grain yields, as well as the development of the local demand-offer relations. In addition to this, the development of the local prices is also influenced significantly by the world market price levels and processes. The agrarian policy of the country, as regards the grain sector, defines the fundamentals of the international competitive situation as well as the basis of the development of foreign trade. The individual commercial players are not able to identify the economic risks that originate from this activity and then they are not able to manage these risks appropriately in each case. This study presents a solution for the management of the identified risks and for appropriately supporting the specific commercial decisions by introducing the relationships of these risks

Suggested Citation

  • Csaba Ottó, 2015. "Risk Management in the Hungarian Grain Trading Sector – the Risk Diagrams," Proceedings- 11th International Conference on Mangement, Enterprise and Benchmarking (MEB 2015),, Óbuda University, Keleti Faculty of Business and Management.
  • Handle: RePEc:pkk:meb015:199-214
    as

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    File URL: http://kgk.uni-obuda.hu/sites/default/files/15_Otto.pdf
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    References listed on IDEAS

    as
    1. Prof. Dr. Zoltán Imre Nagy, 2009. "Die Gründe der Einkommenshinterziehung mit besonderer Rücksicht auf Ungarn," Proceedings-7th International Conference on Management, Enterprise and Benchmarking (MEB 2009), in: György Kadocsa (ed.),7th International Conference on Management, Enterprise and Benchmarking MEB 2009-Proceedings, pages 185-199, Óbuda University, Keleti Faculty of Business and Management.
    2. Dr. Imre Zoltán Nagy, 2011. "The Fight against income evasion in Hungary - Acta Politechnica Hungarica," Working Paper Series 1102, Óbuda University, Keleti Faculty of Business and Management.
    3. Dr. Nagy Imre Zoltán, 2013. "A sikeres vállalkozás pénzgazdálkodása és pénzügyi tervezése," Tanulmánykötet - Vállalkozásfejlesztés a XXI. században III.,, Óbuda University, Keleti Faculty of Business and Management.
    4. Imre Zoltán Nagy, 2006. "Spezielle Eintreibungstechniken zur Senkung der Außenstände," Proceedings-4th International Conference on Management, Enterprise and Benchmarking (MEB 2006),, Óbuda University, Keleti Faculty of Business and Management.
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