Introduction to the Special Issue on "Risk Management in Operations"

Key words: hedging; operations and risk; operating risk; real options; risk managementSince the absorption and implementation of these quantitative tools has been more rapid in the context of financial assets, the financial services industryindividual trading desks, financial firms, and regulators-have been quick to integrate these risk management techniques into their current practices. There is growing recognition that some of the risk management concepts can be applied to the operations of firms and agencies, both private and public, going beyond financial assets.....

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