Guidebook for evaluating fuel purchasing strategies for public transit agencies
By: David Friedman and Kevin DeCorla-Souza
Contributors: DeCorla-Souza, Kevin; Science Applications International Corporation; Transit Cooperative Research Program; United States. Federal Transit Administration; Transit Development Corporation; National Research Council (U.S.). Transportation Research Board
Series: TCRP report -- 156; Report (Transit Cooperative Research Program) -- 156.
Publisher: Transportation Research Board
Published: 2012
Place of publication: Washington, D.C
Language: eng
Number of pages: 125
ISBN-13: 9780309258340
Subjects: Motor fuels; Prices; Forecasting; Purchasing; Evaluation; Local transit; Materials management; Planning; Hedging (Finance); Transportation; Risk management; Cost effectiveness; Strategic planning
Other titles: Evaluating fuel purchasing strategies for public transit agencies; Fuel purchasing strategies for public transit agencies
Description: This guidebook is designed to help identify and evaluate risks and uncertainties with respect to fuel prices. The guide also describes tools and techniques for minimizing the impact of fuel price uncertainties over time. The guidebook introduces the concept of fuel price risk management, identifies alternative purchasing strategies, and outlines steps necessary to implement a risk management program. It defines and evaluates alternative cost-effective fuel purchasing strategies designed to benefit public transportation agencies of varying sizes, and it provides a management framework to assist transit agencies through the fuel purchasing process.
Notes: At head of title: Transit Cooperative Research Program

Includes bibliographical references.

Research sponsored by the Federal Transit Administration in cooperation with the Transit Development Corporation TCRP project G-12
Table of contents: title: The basics of commodity price risk management; title: Hedging with forward-price instruments; title: Hedging with cap-price instruments; title: Summary and evaluation of hedging instruments; title: Hedging level, duration, and timing; title: Delivery price risk management; title: Program implementation.