Stabsseminar i dag

Institutt for foretaksøkonomi har stabsseminar i dag, fredag 5. september. Seminaret er ved Dr. Nils Rudi fra University of Rochester. Han skal snakke om temaet Managing Operational and Financial Risks.

05.09.2003 - Knut André Karlstad

Tid: Fredag 5.september, klokken 12.15-13.30
Sted: Auditorium C

NB! Merk sted!

---
Abstract

Two major risks stem from market uncertainty. The opportunity costs represent operational risk. Financial risk is a consequence of cash flow variability if the decision maker is risk averse. We formulate a simple model of a risk averse firm that invests in a real asset under market uncertainty, considering four instruments of risk management: portfolio diversification, resource flexibility, financial hedging and forecasting. We analyze the effect of these four instruments on both types of risk.