Abstract
dc:description.abstractThe purpose of this paper is to explore the determinants of internal control and propose techniques that can be utilized by the crude oil refiner in designing, implementing and controlling a pro-active risk management program. Since the introduction of volatility into the oil business in the mid-1970s, pro-active risk management the has become a popular tool for petroleum industry management to effectively reduce the firm1s exposure to price risk. In order to use pro-active techniques, one must thoroughly understand the nature of the business and the tools available. Pro-active risk management is a continuous process of pricing, buying, selling, trading and scheduling of various products to balance supply and demand.
Degree
thesis:*- Name thesis:degree_name
- Master of Arts
- Level thesis:degree_level
- masters
- Discipline thesis:degree_discipline
- Economics
- Department dc:contributor.department
- Economics
- Grantor dc:publisher
- Virginia Tech
- Year dc:date.issued
- 1991
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Lucy, Richard F.
- Chair dc:contributor.committeechair
-
- Mackay, Robert J.
- Committee members dc:contributor.committeemember
-
- Meiselman, David I.
- Porter, William R.
Rights
dc:rights- Statement dc:rights
-
- In Copyright
- Licence dc:rights.uri
- Language dc:language.iso
- en
Identifiers
dc:identifier.*- Dc Identifier Other
- etd-03172010-020343
- OAI identifier oai:identifier
- oai:vtechworks.lib.vt.edu:10919/41680