Ayrıntılı Bilimsel Program ve Bildiri Özetleri - YAEM2010

YAEM 2010
YÖNEYLEM ARAÞTIRMASI VE ENDÜSTRÝ MÜHENDÝSLÝGI 30. ULUSAL KONGRESÝ
on the procurement risk awareness and perception, critical drivers of
procurement risks, risk assessment strategies, operational and
financial hedging of procurement risks, and the path forward in
managing procurement risks effectively. To this end, interesting
strategic insights are presented that are potentially beneficial for
supply chain and procurement executives not only in energy but also
in other industries.
Procurement Risk Perceptions and Hedging: A Cross-Industry
Study in Turkey
Çaðrý Haksöz
Faculty of Management, Sabanci University, Istanbul
In this paper, we study primary cross-industry survey data collected
in an emerging market, namely Turkey, in order to examine and
interpret the perceptions of professionals on procurement risk
hedging and management. In this process, we employ ordered logit
models in order to decipher the likelihood of an operational hedging
strategy, i.e., multiple sourcing, and a financial hedging strategy, i.e.,
using financial derivatives, and their main drivers. We show that the
likelihood of hedging via multiple sourcing and financial derivatives
are associated with drivers such as supplier and commodity market
characteristics, managerial perceptions regarding the historical
operational risk events and supply contract parameters. We also show
that the impact of these drivers is intimately different on multiple
sourcing and financial derivatives.
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