by Ng Wing-Sze Cecilia. / Thesis (M.B.A.)--Chinese University of Hong Kong, 2003. / Includes bibliographical references (leaves 92-93). / ABSTRACT --- p.ii / TABLE OF CONTENT --- p.iii / CHAPTER / Chapter 1. --- COMPANY PROFILE --- p.1 / The Walt Disney Parks --- p.1 / Hong Kong Disneyland --- p.1 / Location --- p.1 / Park Developer & Operator --- p.2 / Financing --- p.2 / Infrastructure --- p.3 / Schedule of Operation --- p.4 / Chapter 2. --- HONG KONG DISNEYLAND BUSINESS MODEL --- p.6 / Revenue Model --- p.7 / Customer Base --- p.7 / Pricing Strategy --- p.8 / Financial Performance Variable --- p.9 / Risk Management Program --- p.10 / The Walt Disney Company Risk Management --- p.10 / HKDL Risk Management --- p.13 / Risk Management on Book Record --- p.13 / Chapter 3. --- PRECIPITATION RISK EXPOSURE --- p.15 / Introduction to Precipitation --- p.15 / Distinguish between Weather and Climate --- p.16 / Rainfall Risk Exposure --- p.16 / Precipitation in Hong Kong --- p.17 / Overview --- p.17 / Rainstorm Warning System --- p.18 / Practices on Rainy Days --- p.20 / Theme Park Industry --- p.20 / The Ocean Park --- p.21 / Rainfall Risk Mitigation --- p.21 / Chapter 4. --- WEATHER DERIVATIVES --- p.24 / Evolution --- p.24 / The Birth of Weather Derivatives --- p.24 / Weather Risk Management Association --- p.24 / Year 1999 --- p.25 / Year 2000 --- p.25 / Year 2001 --- p.26 / Year 2002 --- p.26 / Precipitation Derivatives --- p.27 / Market & Market Players --- p.28 / Types of Product --- p.30 / Index Derivatives --- p.30 / Event-Basis Derivatives --- p.32 / Chapter 5. --- Hedging Against Rainfall Risk with Weather Derivatives --- p.33 / Formation of Hedging Strategy --- p.34 / Hedging Objectives --- p.34 / Hedging Target --- p.35 / Dimension of Precipitation Impacts --- p.35 / Normal Revenue without Rainfall Risk --- p.40 / Revenue Forecasting for Year 1 --- p.41 / Specifications on the Contracts --- p.46 / Chapter 6. --- General Recommendations to HKDL for hedging with all kinds of Rainfall Derivatives --- p.49 / Choice of Market and Counter Parties --- p.49 / Index Model Design --- p.50 / Dimensions of Variables & Time Scale --- p.50 / Accumulated Rainfall Index --- p.51 / Methodologies of Rainfall Measurements --- p.54 / Location of Rainfall Measuring Stations --- p.54 / Measuring Instrument --- p.56 / Historical Data Consistency --- p.58 / Data Availability and Reliability --- p.59 / Choice of Strike Level --- p.59 / Tick Size and Maximum Payments --- p.62 / Pricing Approach --- p.63 / Chapter 7. --- Example of Rainfall Derivatives --- p.66 / Black/Red Rainstorm Signal Call --- p.66 / Specifications --- p.66 / Revenue model under Different Scenario --- p.68 / Chapter 8. --- Portfolio Management --- p.70 / Risk Management Information System --- p.70 / Issues on Book Keeping --- p.71 / Chapter 9. --- CONCULSION --- p.72
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_324131 |
| Date | January 2003 |
| Contributors | Ng, Wing-Sze Cecilia., Chinese University of Hong Kong Graduate School. Division of Business Administration. |
| Source Sets | The Chinese University of Hong Kong |
| Language | English |
| Detected Language | English |
| Type | Text, bibliography |
| Format | print, ix, 94 leaves : ill., maps ; 30 cm. |
| Coverage | China, Hong Kong, China, Hong Kong, China, Hong Kong, China, Hong Kong |
| Rights | Use of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/) |
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