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Pregled bibliografske jedinice broj: 989560

Weather impact on retail sales: How can weather derivatives help with adverse weather deviations?


Štulec, Ivana; Petljak, Kristina; Naletina, Dora
Weather impact on retail sales: How can weather derivatives help with adverse weather deviations? // Journal of retailing and consumer services, 49 (2019), July; 1-10 doi:10.1016/j.jretconser.2019.02.025 (međunarodna recenzija, članak, znanstveni)


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Naslov
Weather impact on retail sales: How can weather derivatives help with adverse weather deviations?

Autori
Štulec, Ivana ; Petljak, Kristina ; Naletina, Dora

Izvornik
Journal of retailing and consumer services (0969-6989) 49 (2019), July; 1-10

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
weather sensitivity analysis ; weather risk management ; Weather derivatives ; non-alcoholic beverages sale ; retail ; panel analysis

Sažetak
Weather affects four basic purchasing decisions: what, where, when and in what quantity to buy. Retailers are familiar with general impact of weather on consumption and consequential seasonality in retail sales, but lack detail knowledge about precise relationship between weather and sales needed for operational, strategic and financial decision making. Using the non-alcoholic beverages as an example, we conduct thorough weather sensitivity analysis in large food stores and propose design of customized weather derivatives as tools for offsetting failed sales due to adverse weather. We use method of panel which can be generalized to other product categories and other weather sensitive industries. Results show that weather sensitivity of beverages sales varies between months, implying the need for different weather risk management strategies, and that non- alcoholic beverages are bought impulsively rather than planned.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Ustanove:
Ekonomski fakultet, Zagreb

Profili:

Avatar Url Ivana Štulec (autor)

Avatar Url Dora Naletina (autor)

Avatar Url Kristina Petljak (autor)

Citiraj ovu publikaciju:

Štulec, Ivana; Petljak, Kristina; Naletina, Dora
Weather impact on retail sales: How can weather derivatives help with adverse weather deviations? // Journal of retailing and consumer services, 49 (2019), July; 1-10 doi:10.1016/j.jretconser.2019.02.025 (međunarodna recenzija, članak, znanstveni)
Štulec, I., Petljak, K. & Naletina, D. (2019) Weather impact on retail sales: How can weather derivatives help with adverse weather deviations?. Journal of retailing and consumer services, 49 (July), 1-10 doi:10.1016/j.jretconser.2019.02.025.
@article{article, author = {\v{S}tulec, Ivana and Petljak, Kristina and Naletina, Dora}, year = {2019}, pages = {1-10}, DOI = {10.1016/j.jretconser.2019.02.025}, keywords = {weather sensitivity analysis, weather risk management, Weather derivatives, non-alcoholic beverages sale, retail, panel analysis}, journal = {Journal of retailing and consumer services}, doi = {10.1016/j.jretconser.2019.02.025}, volume = {49}, number = {July}, issn = {0969-6989}, title = {Weather impact on retail sales: How can weather derivatives help with adverse weather deviations?}, keyword = {weather sensitivity analysis, weather risk management, Weather derivatives, non-alcoholic beverages sale, retail, panel analysis} }
@article{article, author = {\v{S}tulec, Ivana and Petljak, Kristina and Naletina, Dora}, year = {2019}, pages = {1-10}, DOI = {10.1016/j.jretconser.2019.02.025}, keywords = {weather sensitivity analysis, weather risk management, Weather derivatives, non-alcoholic beverages sale, retail, panel analysis}, journal = {Journal of retailing and consumer services}, doi = {10.1016/j.jretconser.2019.02.025}, volume = {49}, number = {July}, issn = {0969-6989}, title = {Weather impact on retail sales: How can weather derivatives help with adverse weather deviations?}, keyword = {weather sensitivity analysis, weather risk management, Weather derivatives, non-alcoholic beverages sale, retail, panel analysis} }

Časopis indeksira:


  • Web of Science Core Collection (WoSCC)
    • Social Science Citation Index (SSCI)
    • SCI-EXP, SSCI i/ili A&HCI
  • Scopus


Citati:





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