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Article
Publication date: 24 August 2010

Claudio Zara

The wine industry is very sensitive to climate risk, mainly due to the grape crop. The aim of this paper is to understand whether weather derivatives (WDs), mainly developed for…

1530

Abstract

Purpose

The wine industry is very sensitive to climate risk, mainly due to the grape crop. The aim of this paper is to understand whether weather derivatives (WDs), mainly developed for the energy industry, can also be useful to cover climate risk for the wine industry.

Design/methodology/approach

The work is based on both literature review and the development of a suitable hedging strategy, using WDs, to reduce volatility affecting crop economic results.

Findings

A WD discovered to be useful for this task is similar to a cooling degree day (CDD) contract in the energy industry, and a possible hedging strategy is a strangle consisting of combination of a call and a put on a suitable climate index. In the case history presented, relating to the Bourgogne Côte de Nuits Pinot Noir red grape, the strangle covers the climate risk effectively, because it is able to reduce volatility related to the crop economic value.

Research limitations/implications

Even if single fields are not still enough to evaluate whether a WD's hedging strategy is effective or not, implications affect both supply and demand for hedging instruments. On the demand side, the wine industry could rely on hedging strategies different from insurance policies. In particular, WDs offer to wine makers more flexibility and transparency in selling climate risks to counterparts. On the supply side, the financial industry could overcome limits related to insurance policies which pose many problems of efficiency, as pointed out in the literature, and do not usually cover the temperature risk.

Originality/value

The paper is a comprehensive work about the possibility of developing WDs for the wine industry.

Details

International Journal of Wine Business Research, vol. 22 no. 3
Type: Research Article
ISSN: 1751-1062

Keywords

Article
Publication date: 7 November 2016

Damien West and Peter Murphy

The purpose of this paper is to explore the managerial and leadership challenges faced when managing personnel in the retained duty system (RDS) within English fire and rescue…

Abstract

Purpose

The purpose of this paper is to explore the managerial and leadership challenges faced when managing personnel in the retained duty system (RDS) within English fire and rescue services. It examines the key areas of motivation, commitment, culture, relationships and practical management arrangements.

Design/methodology/approach

This exploratory research, using primary and secondary sources, adopted a deductive approach, incorporating questionnaires, interviews, focus groups and document analysis.

Findings

The research identified issues agreed upon by both employees and managers, and as well as areas of disparity and conflict. It also highlighted matters that appear to be pivotal to the successful management of a RDS, and in particular the importance of how roles are deployed, and managed by senior management, as well as how employees perceive them.

Practical implications

This paper offers recommendations regarding the managerial understanding and appreciation of an RDS as some managers in this research appear to have little or no knowledge of (or indeed a misconception of) key issues in the effective management of the RDS It suggests recommendations for the wider support and engagement of RDS personnel.

Originality/value

This paper offers a contemporary assessment of the challenges faced when managing RDS personnel. While firefighters and whole-time unionised firefighters in particular, have attracted interest from scholars of industrial relations, there has been relatively little academic research from a public management perspective.

Details

International Journal of Emergency Services, vol. 5 no. 2
Type: Research Article
ISSN: 2047-0894

Keywords

Content available
Article
Publication date: 1 February 2003

130

Abstract

Details

Aircraft Engineering and Aerospace Technology, vol. 75 no. 1
Type: Research Article
ISSN: 0002-2667

Article
Publication date: 1 September 2005

Ken Bierman and Brad Eden

Aims to provide a summary and analysis of the organizational changes of the UNLV Libraries Knowledge Access Management Division since it was previously described in Library Hi Tech

1075

Abstract

Purpose

Aims to provide a summary and analysis of the organizational changes of the UNLV Libraries Knowledge Access Management Division since it was previously described in Library Hi Tech.

Design/methodology/approach

Describes and analyzes the significant and unanticipated changes in organization structure that occurred as the UNLV Libraries attempts to respond to the web and digital scholarly information world.

Findings

Several alternative organizational structures to respond to web and digital initiatives are described. The process used to select an organization structure that was not anticipated three years earlier is documented.

Originality/value

This article provides useful reading for academic library administrators contemplating organizational change to respond to the web and digital information world.

Details

Library Hi Tech, vol. 23 no. 3
Type: Research Article
ISSN: 0737-8831

Keywords

Content available
Article
Publication date: 1 April 2004

115

Abstract

Details

Aircraft Engineering and Aerospace Technology, vol. 76 no. 2
Type: Research Article
ISSN: 0002-2667

Keywords

Content available
Article
Publication date: 1 December 2001

72

Abstract

Details

Assembly Automation, vol. 21 no. 4
Type: Research Article
ISSN: 0144-5154

Keywords

Content available
85

Abstract

Details

Assembly Automation, vol. 22 no. 3
Type: Research Article
ISSN: 0144-5154

Book part
Publication date: 2 May 2006

W. Todd Nelson and Robert S. Bolia

UAVs have been used by military forces since at least the War of Attrition – fought between Egypt and Israel between 1967 and 1970 – when the Israeli Army modified…

Abstract

UAVs have been used by military forces since at least the War of Attrition – fought between Egypt and Israel between 1967 and 1970 – when the Israeli Army modified radio-controlled model aircraft to fly over the Suez Canal and take aerial photographs behind Egyptian lines (Bolia, 2004). Although the Israelis ill advisedly abandoned the concept before the Yom Kippur War, it was taken up by several nations in the ensuing decades, and today UAVs are regarded as a routine component of surveillance operations, having played a significant role in both Afghanistan and Iraq.

Details

Human Factors of Remotely Operated Vehicles
Type: Book
ISBN: 978-0-76231-247-4

Content available
Article
Publication date: 1 October 2003

117

Abstract

Details

Aircraft Engineering and Aerospace Technology, vol. 75 no. 5
Type: Research Article
ISSN: 0002-2667

Keywords

Content available
Article
Publication date: 1 April 1999

360

Abstract

Details

Aircraft Engineering and Aerospace Technology, vol. 71 no. 2
Type: Research Article
ISSN: 0002-2667

Keywords

1 – 10 of 316