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Enron Mail |
Gentlemen:
Amit is a former MIT Sloan student whose research was sponsored by a program set up by Tom Gros to learn more about bandwidth pricing and market effects. We worked with him quite a bit for a while, as did Vince Kaminski and Stinson Gibner, on this project. Well, he has finally graduated and is in the process of having his thesis published. He has offered to come down to present his findings to anyone interested, so I am inquiring as to your level of interest in order to schedule a meeting, if appropriate. Below is a short description of his work. Please let me know your thoughts and if you have any questions. Thanks, Jay. -- James F. Hawthorn Enron Broadband Services Global Bandwidth Risk Management +1 713 853 7606 Telephone +1 713 646 8795 Facsimile <mailto:jay_hawthorn@enron.net< ----- Forwarded by Jay Hawthorn/Enron Communications on 03/29/01 09:15 AM ----- adhadwal@mit.edu 03/20/01 03:50 PM To: Jay Hawthorn/Enron Communications@Enron Communications, adhadwal@mit.edu cc: Subject: Hi Jay, As per our discussion this morning, will be terrific to come on down to talk about the results of my Thesis related to pricing & risk management of forward contracts on bandwidths. Thanks to the support from Enron for this work ! Here's a brief description. We addressed the problem of pricing and risk managment of forward contracts on bandwidth under uncertain future available supply. This exposes the seller to both the risk of perishability as well as the risk of overcommitments. We consider a variety of selling strategies to map commitment risk, and show how forward pricing varies over time under these strategies. The managerial insights into dynamic forward pricing are neat ! Have several graphs from simulations, and several math proofs. There are two technical pricing papers from this thesis, now submitted for publication. It will be great to share this knowledge with Enron, thanks to your support for the work, and also discuss how the results may be mapped with real-life, possible modifications, and finally how they may be programmed and used. Let me know your thoughts and interest level - maybe someone from Vince's group as well ? I can make the talk as technical as you want, depending on the audience. At its core, it is Math-heavy, but the insights can easily be translated to a high-managerial level view, a more detailed trader-level view, or a super-detailed research level view. Cheers, -Amit
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