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Author: Volodymyr Babich Publisher: ISBN: Category : Languages : en Pages : 31
Book Description
Interface of Finance, Operations and Risk Management (iFORM) is a relatively new research area dealing with timely, complex and boundary-spanning issues in a variety of settings from start-ups to global enterprises. iFORM research addresses ways to better integrate physical, financial, and informational flows by combining the operational choices of the firm with its financial decisions, and merging information flows between the firm and its customers and suppliers with informational flows between the firm and its investors. We report on the main research themes of the recent iFORM research, based on, and going beyond, papers that appeared in the M&SOM iFORM special issue. We highlight the main emerging contributions in the area. Among the most frequently addressed issues in current research are: supply chain finance, such as trade credit and buyer-intermediated finance and their effects on supply chain performance; agency problems, such as risk-shifting and managerial short-termism and their influence on operational decisions; contracting between the firm and its investors and how it alters contracting with supply chain partners; and supply risk management in the form of dealing with commodity prices fluctuations and supplier performance issues. We suggest four promising directions of future iFORM research: supply chain finance, integrated risk management, start-up and entrepreneurial financing, and asset pricing with supply chains.
Author: Volodymyr Babich Publisher: ISBN: Category : Languages : en Pages : 31
Book Description
Interface of Finance, Operations and Risk Management (iFORM) is a relatively new research area dealing with timely, complex and boundary-spanning issues in a variety of settings from start-ups to global enterprises. iFORM research addresses ways to better integrate physical, financial, and informational flows by combining the operational choices of the firm with its financial decisions, and merging information flows between the firm and its customers and suppliers with informational flows between the firm and its investors. We report on the main research themes of the recent iFORM research, based on, and going beyond, papers that appeared in the M&SOM iFORM special issue. We highlight the main emerging contributions in the area. Among the most frequently addressed issues in current research are: supply chain finance, such as trade credit and buyer-intermediated finance and their effects on supply chain performance; agency problems, such as risk-shifting and managerial short-termism and their influence on operational decisions; contracting between the firm and its investors and how it alters contracting with supply chain partners; and supply risk management in the form of dealing with commodity prices fluctuations and supplier performance issues. We suggest four promising directions of future iFORM research: supply chain finance, integrated risk management, start-up and entrepreneurial financing, and asset pricing with supply chains.
Author: Volodymyr Babich Publisher: ISBN: 9781680837964 Category : Technology & Engineering Languages : en Pages : 218
Book Description
This monograph, as entitled, defines and describes the research field at the interface of Finance, Operations, and Risk Management (iFORM), provides examples where operations and finance overlap in meaningful ways, outlines promising research directions, and reduces the entry cost for anyone who would like to explore this new and exciting research field. The intended audience for this article includes both PhD students in operations management (OM), finance, and economics, who are looking for dissertation topics, and experienced researchers looking for novel applications of their expertise. The following outlines the rest of this article. Chapter 2 compares perspectives of finance and operations on the same topic: the firm. This motivates the key questions in finance, which is presented in the finance primer in chapter 3 and key questions in OM, which is presented in the OM primer in chapter 4. Having discussed key ideas from these disciplines separately, chapter 5 examines how OM and finance intersect in meaningful ways and suggest several promising research directions. Chapter 6 presents a "dos and don'ts list for publishing and reviewing iFORM papers.
Author: Panos Kouvelis Publisher: Now Publishers ISBN: 9781638283522 Category : Business & Economics Languages : en Pages : 0
Book Description
This special issue, which surveys the most recent research in integrated risk management for supply chains, is motivated by the success of the 8th "Supply Chain Finance and Risk Management Workshop," which was held at the Olin Business School of Washington University in St. Louis on May 30 and May 31, 2023. The Editors wanted timelier access to the latest research on supply chain finance and supply chain risk management. It is well-known, that due to review process lead times, articles published in traditional journals can take 2 to 3 years. The idea of producing an edited volume, which would include the latest articles on the topics above appealed not only to the workshop participants but also to other active members of the iFORM (Interface of Finance, Operations, and Risk Management) research community. Foundations and Trends in Technology, Information and Operations Management provides an ideal outlet for such a volume.
Author: Panos Kouvelis Publisher: ISBN: 9781680833775 Category : Business logistics Languages : en Pages : 11
Book Description
This special issue, which surveys the most recent research in supply chain finance, is motivated by the success of the third "Supply Chain Finance & Risk Management Workshop," which was held at the Olin Business School of Washington University in St. Louis, on May 14-15, 2017. The Editors wanted a more timely access to the latest research on supply chain finance and supply chain risk management. It is well-known, that due to review process lead times, articles published in traditional journals can take 2 to 3 years. The idea of producing an edited volume, which would include the latest articles on the topics above appealed not only to the workshop participants but also to other active members of the iFORM (Interface of Finance, Operations, and Risk Management) research community. Foundations and Trends in Technology, Information and Operations Management provides an ideal outlet for such a volume.
Author: Volodymyr Babich Publisher: Springer Nature ISBN: 3030757293 Category : Business & Economics Languages : en Pages : 304
Book Description
This book examines the challenges and opportunities arising from an assortment of technologies as they relate to Operations Management and Finance. The book contains primers on operations, finance, and their interface. After that, each section contains chapters in the categories of theory, applications, case studies, and teaching resources. These technologies and business models include Big Data and Analytics, Artificial Intelligence, Machine Learning, Blockchain, IoT, 3D printing, sharing platforms, crowdfunding, and crowdsourcing. The balance between theory, applications, and teaching materials make this book an interesting read for academics and practitioners in operations and finance who are curious about the role of new technologies. The book is an attractive choice for PhD-level courses and for self-study.
Author: John R. Birge Publisher: Elsevier ISBN: 9780080553252 Category : Business & Economics Languages : en Pages : 1026
Book Description
The remarkable growth of financial markets over the past decades has been accompanied by an equally remarkable explosion in financial engineering, the interdisciplinary field focusing on applications of mathematical and statistical modeling and computational technology to problems in the financial services industry. The goals of financial engineering research are to develop empirically realistic stochastic models describing dynamics of financial risk variables, such as asset prices, foreign exchange rates, and interest rates, and to develop analytical, computational and statistical methods and tools to implement the models and employ them to design and evaluate financial products and processes to manage risk and to meet financial goals. This handbook describes the latest developments in this rapidly evolving field in the areas of modeling and pricing financial derivatives, building models of interest rates and credit risk, pricing and hedging in incomplete markets, risk management, and portfolio optimization. Leading researchers in each of these areas provide their perspective on the state of the art in terms of analysis, computation, and practical relevance. The authors describe essential results to date, fundamental methods and tools, as well as new views of the existing literature, opportunities, and challenges for future research.
Author: Carolyn Somorowsky Publisher: Springer Nature ISBN: 3658384042 Category : Business & Economics Languages : en Pages : 239
Book Description
Competitive advantage is not achieved by a single company, but rather by the entire supply chain, with a focus on improving the flow of information, finance and goods. Improving these flows requires strategic investments relevant to the supply chain that are often long-term, capital-intensive, relationship-specific, and therefore risky. The past financial or COVID-19 crisis has made banks more risk averse, making it more expensive for supply chain members to finance risky investments or even more difficult to raise funds from external financial institutions. Supply chain finance is a young discipline that focuses on improving financial flows through a collaborative approach. Since most strategic investments are made by suppliers facing financial constraints, there is a high likelihood that supply chain disruptions will occur because the financing party becomes insolvent, or the investments do not materialize. To encourage strategic investments and avoid supply chain disruptions, a model is developed in which supply chain members leverage their financial and operational capabilities to realize these investments and share costs, risks, and benefits according to their contribution. The proposed model is based on a structured coalition game with transferable utility that determines the supply chain members best able to finance the investments without compromising supply chain stability.
Author: David L. Olson Publisher: Springer ISBN: 1137466294 Category : Business & Economics Languages : en Pages : 303
Book Description
Enterprise Risk Management in Finance is a guide to measuring and managing Enterprise-wide risks in financial institutions. Financial institutions operate in a unique manner when compared to other businesses. They are, by the nature of their business, highly exposed to risk at every level, and indeed employ their own risk management functions to manage many of these risks. However, financial firms are also highly exposed at enterprise level. Traditional approaches and frameworks for ERM are flawed when applied to banks, asset managers or insurance houses, and a different approach is needed. This new book provides a comprehensive, technical guide to ERM for financial institutions. Split into three parts, it first sets the scene, putting ERM in the context of finance houses. It will examine the financial risks already inherent in banking, and then insurance operations, and how these need to be accounted for at a floor and enterprise level. The book then provides the necessary tools to implement ERM in these environments, including performance analysis, credit analysis and forecasting applications. Finally, the book provides real life cases of successful and not so successful ERM in financial institutions. Technical and rigorous, this book will be a welcome addition to the literature in this area, and will appeal to risk managers, actuaries, regulators and senior managers in banks and financial institutions.
Author: Preetam Basu Publisher: ISBN: Category : Electronic dissertations Languages : en Pages :
Book Description
Successful implementation of business strategy requires proper integration of operations and financial management. This dissertation is aimed at applying optimization techniques to solve real-life problems that are at the interface of operations and working capital management. The first essay focuses on different outsourcing arrangements for back-office operations between a financial services firm and an outsourcing vendor. To meet dynamic and stochastic demand requirements, the financial services firm complements in-house operations with outsourcing. The second essay analyzes inventory and advertising policies of a start-up firm. Risk exposure is a critical aspect in start-up operations. It is imperative for the management to have a perception of the risks involved in any decision they plan to implement. We develop a heuristic that provides us a mechanism to construct efficient risk-reward curves in a stochastic dynamic setting. Important managerial insights are deduced based on the risk-reward for a set of policies. The third essay explores the emerging field of Supply Chain Finance (SCF). The physical side of supply chains has been a subject of much research. However, when it comes to their trade operations, the goals of the buyer and their suppliers, in many cases, are not aligned. This leads to suboptimal decisions for the supply chain as a whole. Recently financial intermediaries have come up with innovative trade solutions that are providing financial win-wins for all the supply chain partners. Here we examine the payables management problem of a buying firm in a supply chain scenario with SCF enabled Early Payment Program in place. Finally, the fourth essay studies risk-reward trade-offs in finite-horizon stochastic dynamic programming models. The objective in these models is to deduce optimal policies based on expected reward criteria. However, in many cases, managers are concerned about the risks or the variability associated with a set of policies and not just the expected reward. Here we develop heuristics that systematically track the variance and the average reward for a set of policies in a stochastic dynamic setting, and instead of identifying one policy to achieve the stated objective, finds the set of policies that form the efficient frontier.
Author: Nga Thi Hong Nguyen Publisher: CRC Press ISBN: 1003808581 Category : Technology & Engineering Languages : en Pages : 397
Book Description
This book presents contemporary issues and challenges in finance and risk management in a time of rapid transformation due to technological advancements. It includes research articles based on financial and economic data and intends to cover the emerging role of analytics in financial management, asset management, and risk management. Analytics in Finance and Risk Management covers statistical techniques for data analysis in finance It explores applications in finance and risk management, covering empirical properties of financial systems. It addresses data science involving the study of statistical and computational models and includes basic and advanced concepts. The chapters incorporate the latest methodologies and challenges facing financial and risk management and illustrate related issues and their implications in the real world. The primary users of this book will include researchers, academicians, postgraduate students, professionals in engineering and business analytics, managers, consultants, and advisors in IT firms, financial markets, and services domains.
Author: Volodymyr Babich
Author: Volodymyr Babich
Author: Volodymyr Babich
Author: Panos Kouvelis
Author: Panos Kouvelis
Author: Volodymyr Babich
Author: John R. Birge
Author: Carolyn Somorowsky
Author: David L. Olson
Author: Preetam Basu
Author: Nga Thi Hong Nguyen