Towards Financial Resilience in Manufacturing Companies : A Toolbox for the Mitigation of Consumption Factors' Market Price Risks

Type
conference paper
Date Issued
2014-06-24
Author(s)
Wandfluh, Matthias
Abstract
In recent years, market price risks of industrial consumption factors have become a major issue of manufacturing companies. The aim of this paper is to provide an overview on existing market price risk mitigation strategies to support manufacturing practitioners in making their company more resilient to this risk type and to provide a theoretical basis for future research. Based on a literature review, an explorative industry study, and 8 semi-structured interviews, we identified 34 market price risk mitigation strategies. Following Tang (2006), we clustered these strategies and built up a toolbox for the mitigation of consumption factors' market price risks.
Language
English
Keywords
risk mitigation
market price risks
consumption factors
HSG Classification
contribution to scientific community
HSG Profile Area
SoM - Business Innovation
Refereed
Yes
Start page
1
End page
10
Pages
10
Event Title
21st European Operations Management Association (EurOMA) Conference
Event Location
Palermo, Italy
Event Date
20.-25.07.2014
URL
Subject(s)

business studies

Division(s)

ITEM - Institute of T...

Eprints ID
231218
File(s)