Jet Fuel Hedging, Operational Fuel Efficiency Improvement and Carbon Tax

报告题目: Jet Fuel Hedging, Operational Fuel Efficiency Improvement and Carbon Tax

报 告 人: 肖义彬 教授

报告时间: 5月21日15:00-17:00

报告地点: 明理楼B203

报告人简介:

肖义彬,电子科技大学数学科学学院教授,博士生导师?主要从事变分不等式?半变分不等式?最优化理论及其在工程?力学以及交通科学中的应用等方面的研究?在《TRB》?《TRE》?《TRA》?《JOGO》?《JOTA》等运筹学?交通领域主流学术期刊上发表论文多篇;主持国家自然科学基金面上项目?青年基金项目,中国博士后科学基金特别资助项目,皇家永利科技计划应用基础重点项目等国家级?省部级科研项目?

报告内容摘要:

In this talk, we build a simple theoretical model to compare the implications of fuel financial hedge and operational fuel efficiency improvement on airlines’ expected profit. We find that financial hedge is more efficient in reducing airlines’profit volatility/risk exposure, while operational improvement will generate a higher expected profit level when its effectiveness is sufficiently high. With market competition, operational improvement will be less prevalent. Furthermore, a fuel/carbon tax makes financial hedge less attractive and operational improvement more attractive.

主办单位:理学院?人工智能研究院?非线性动力系统研究所?数理力学研究中心 ?科学技术发展研究院