BibTex RIS Kaynak Göster

The Effects of Uncertainties on Inventory Management of Petroleum Products: A Case Study of Thailand

Yıl 2014, Cilt: 4 Sayı: 3, 380 - 390, 01.09.2014

Öz

This paper employed a Generalized Autoregressive Conditional Heteroskedasticity in Mean framework to examine (i) the relationship between uncertainty and inventory management, defined as an inventory to sale (IS) ratio; and (ii) the impacts of uncertainties in ex-refinery price, oil funds, and futures price on uncertainty in inventory management, measured as a conditional variance of the IS ratio. Using monthly data for five petroleum products from January 2008 to June 2013, the results indicate that uncertainty induces businesses to hold more of the IS ratio than required. The sensitivity analysis reports that uncertainty in ex-refinery price contributes mostly to the uncertainty in inventory management, while the impact of uncertainty in the oil fund on uncertainty in inventory management is relatively small. Interestingly, the result indicates that uncertainty in futures price can help mitigate uncertainty in inventory management and gives support to the existence of the futures market.

Yıl 2014, Cilt: 4 Sayı: 3, 380 - 390, 01.09.2014

Öz

Toplam 0 adet kaynakça vardır.

Ayrıntılar

Diğer ID JA95NK28UC
Bölüm Araştırma Makalesi
Yazarlar

Weerawich Roekchamnong Bu kişi benim

Pongsa Pornchaiwiseskul Bu kişi benim

Anant Chiarawongse Bu kişi benim

Yayımlanma Tarihi 1 Eylül 2014
Yayımlandığı Sayı Yıl 2014 Cilt: 4 Sayı: 3

Kaynak Göster

APA Roekchamnong, W., Pornchaiwiseskul, P., & Chiarawongse, A. (2014). The Effects of Uncertainties on Inventory Management of Petroleum Products: A Case Study of Thailand. International Journal of Energy Economics and Policy, 4(3), 380-390.
AMA Roekchamnong W, Pornchaiwiseskul P, Chiarawongse A. The Effects of Uncertainties on Inventory Management of Petroleum Products: A Case Study of Thailand. IJEEP. Eylül 2014;4(3):380-390.
Chicago Roekchamnong, Weerawich, Pongsa Pornchaiwiseskul, ve Anant Chiarawongse. “The Effects of Uncertainties on Inventory Management of Petroleum Products: A Case Study of Thailand”. International Journal of Energy Economics and Policy 4, sy. 3 (Eylül 2014): 380-90.
EndNote Roekchamnong W, Pornchaiwiseskul P, Chiarawongse A (01 Eylül 2014) The Effects of Uncertainties on Inventory Management of Petroleum Products: A Case Study of Thailand. International Journal of Energy Economics and Policy 4 3 380–390.
IEEE W. Roekchamnong, P. Pornchaiwiseskul, ve A. Chiarawongse, “The Effects of Uncertainties on Inventory Management of Petroleum Products: A Case Study of Thailand”, IJEEP, c. 4, sy. 3, ss. 380–390, 2014.
ISNAD Roekchamnong, Weerawich vd. “The Effects of Uncertainties on Inventory Management of Petroleum Products: A Case Study of Thailand”. International Journal of Energy Economics and Policy 4/3 (Eylül 2014), 380-390.
JAMA Roekchamnong W, Pornchaiwiseskul P, Chiarawongse A. The Effects of Uncertainties on Inventory Management of Petroleum Products: A Case Study of Thailand. IJEEP. 2014;4:380–390.
MLA Roekchamnong, Weerawich vd. “The Effects of Uncertainties on Inventory Management of Petroleum Products: A Case Study of Thailand”. International Journal of Energy Economics and Policy, c. 4, sy. 3, 2014, ss. 380-9.
Vancouver Roekchamnong W, Pornchaiwiseskul P, Chiarawongse A. The Effects of Uncertainties on Inventory Management of Petroleum Products: A Case Study of Thailand. IJEEP. 2014;4(3):380-9.