E-learning in Price Risk Management

The principal achievement of this paper is the combinative use of two market institutions: public warehousing and commodity exchange and how their joint application is beneficial for the players on the grain market. Based on a theoretical foundation, a calculation model was developed in order to assist short and long-term marketing decisions. This electronically developed and working model allows all the three participants of the market: producers, consumers and traders, to use this model in immediate calculations in price decisions and business transactions. The model can be used to analyze factors influencing the establishment of price; therefore, it can be also used for policy-making decisions and applied in our undergraduate and graduate education.