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Managing Risk of Ski Resorts with Snow Options

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Academic year: 2020

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Figure

Fig  2:  Cumulative  annual  snowfall  from  1997  to  2012  and  its  average  (red  line)
Tab.  2  :  Snow  option  prices  calculated  by  Alaton-Djehiche-Stillberger  model,  Historical  density  model and Edgeworth adjusted density model at different strike levels
Fig 3: cumulative snow level, revenue and sold ski-passes trends
Fig. 4.3: Pay-off of three contracts.

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