Showing posts with label Risk. Show all posts
Showing posts with label Risk. Show all posts

Wednesday, September 30, 2015

Risk Regulation in Non-Animal Food Imports: The European Union Approach (Repost)




Risk Regulation in Non-Animal Food Imports: The European Union Approach By Francesco Montanari, Veronika Jezso, Carlo Donati


2015 | 112 Pages | ISBN: 3319140132 | PDF | 3 MB








This Brief aims at providing a general understanding of the rationale – scientific as well as political – behind EU policy and related risk management decisions in the area on non-animal food imports. Lately, various menaces associated with imported food and feed of non-animal origin appeared in the media: imported sprout seeds contaminated with E. coli, strawberries containing hepatitis A or noro viruses, to name but a few, are now as much discussed as the different well-known meat scandals. The authors explain the reinforced official controls at EU borders on certain imports of non-animal origin and the wide range of EU measures that currently foresee trade restrictions for imports presenting chemical and non-chemical ‘high risks’ from a public health perspective (so-called ‘emergency measures’). The Brief closely examines chemical (and also non-chemical) risks associated with imports of non-animal origin and their impact on human health. The authors also consider the role risk analysis is playing to underpin risk-management decisions at EU level, including the scientific output by the European Food Safety Authority (EFSA).







Wednesday, September 16, 2015

Agricultural Supply Chains and the Challenge of Price Risk




Agricultural Supply Chains and the Challenge of Price Risk (Earthscan Food and Agriculture) by John Williams


English | 2014 | ISBN: 0415826985, 0415827000 | 304 pages | PDF | 1,3 MB




This book discusses the issues of integration within food and fibre supply chains and the challenges in managing price risk. The problems of integration and price risk are interwoven in agricultural supply chains with production and supply risk as well as hoarding. However, without supply chain integration through commercial trade markets there can be no forward market upon which forward transactions and the management of price risk can be based. Without a forward market that can reduce opportunistic behaviour, there is likely to be little security of supply, particularly under high production risk and price uncertainty.




Whilst price risk management is possible under certain circumstances, there are many factors that can prevent the development of forward markets or cause them to collapse, thus undermining the ability to manage price risk within acceptable risk and return parameters. Market positions therefore need to be valued and often settled daily due to the risk of contract default. In addition, the issue of currency risk and its management applies to international market positions and transactional exposures.




The book analyses a range of price risk management strategies from forward contracting through to futures and options hedging, and finally to over-the-counter products. Evaluation techniques are developed to aid decision-making. The author concludes that forward market development may be the exception rather than the norm, and that whilst favourable price risk management outcomes may be possible, they can sometimes be caused more by luck than through good management. It is shown how tactics are an important consideration in decision-making to minimize costs and losses.







Note: My nickname – interes








Monday, September 7, 2015

Winning with Options: The Smart Way to Manage Portfolio Risk and Maximize Profit (repost)




Michael C. Thomsett, "Winning with Options: The Smart Way to Manage Portfolio Risk and Maximize Profit"


2008 | ISBN: 0814400337 | 256 pages | PDF | 2 MB




Options are an integral part of any financial portfolio, but they can be intimidating to the average investor. While often viewed as risky, the truth is that, if used properly, options can be one of the best tools for balancing a portfolio. In fact, they can help investors protect themselves from downside risk and leverage capital to make bigger plays than would otherwise be possible. In Winning with Options, Michael C. Thomsett offers nontechnical, easy-to-follow advice for readers who need guidance on important techniques related to portfolio management, such as diversification and risk management. Readers will discover how to:


* choose the right brokerage firm * use online resources * pick the right stocks * track options * set portfolio and risk goals * understand the complicated world of options lingo * make the most of day trading and swing trading


Straightforward and practical, this is the one book that will help the novice option trader navigate the sometimes daunting, but often rewarding, world of trading and investing in options.