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The role of risk preferences and flexibility for risk management: lessons from a custom manufacturing environment

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  • Marc Reimann
  • Philippe Schiltknecht

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  • Marc Reimann & Philippe Schiltknecht, 2009. "The role of risk preferences and flexibility for risk management: lessons from a custom manufacturing environment," Review of Managerial Science, Springer, vol. 3(2), pages 117-140, July.
    • Handle: RePEc:spr:rvmgts:v:3:y:2009:i:2:p:117-140
    DOI: 10.1007/s11846-009-0028-3
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    References listed on IDEAS

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    1. Gotoh, Jun-ya & Takano, Yuichi, 2007. "Newsvendor solutions via conditional value-at-risk minimization," European Journal of Operational Research, Elsevier, vol. 179(1), pages 80-96, May.
    2. Chung, Chia-Shin & Flynn, James & Kirca, Omer, 2008. "A multi-item newsvendor problem with preseason production and capacitated reactive production," European Journal of Operational Research, Elsevier, vol. 188(3), pages 775-792, August.
    3. Werner Jammernegg & Peter Kischka, 2007. "Risk-averse and risk-taking newsvendors: a conditional expected value approach," Review of Managerial Science, Springer, vol. 1(1), pages 93-110, April.
    4. Francas, David & Kremer, Mirko & Minner, Stefan & Friese, Markus, 2009. "Strategic process flexibility under lifecycle demand," International Journal of Production Economics, Elsevier, vol. 121(2), pages 427-440, October.
    5. Ebru K. Bish & Ana Muriel & Stephan Biller, 2005. "Managing Flexible Capacity in a Make-to-Order Environment," Management Science, INFORMS, vol. 51(2), pages 167-180, February.
    6. Gary D. Eppen & R. Kipp Martin & Linus Schrage, 1989. "OR Practice—A Scenario Approach to Capacity Planning," Operations Research, INFORMS, vol. 37(4), pages 517-527, August.
    7. Philippe Artzner & Freddy Delbaen & Jean‐Marc Eber & David Heath, 1999. "Coherent Measures of Risk," Mathematical Finance, Wiley Blackwell, vol. 9(3), pages 203-228, July.
    8. Rockafellar, R. Tyrrell & Uryasev, Stanislav, 2002. "Conditional value-at-risk for general loss distributions," Journal of Banking & Finance, Elsevier, vol. 26(7), pages 1443-1471, July.
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    Cited by:

    1. Marta Pérez-Pérez & Canan Kocabasoglu-Hillmer & Ana María Serrano-Bedia & María Concepción López-Fernández, 2019. "Manufacturing and Supply Chain Flexibility: Building an Integrative Conceptual Model Through Systematic Literature Review and Bibliometric Analysis," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 20(1), pages 1-23, December.

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    More about this item

    Keywords

    Marketing-production interface; Risk management; Flexibility; L23; L65; M11;
    All these keywords.

    JEL classification:

    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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