-----Original Message-----
From: 	Huang, Alex  
Sent:	Wednesday, July 11, 2001 8:19 AM
To:	Kaminski, Vince J; Lu, Zimin; Kohli, Sandeep; Krishnarao, Pinnamaneni; Feng, Youyi; Halliburton, Tom
Subject:	FW: Hedging full requirement deals (PDF file attached)


Three approaches are proposed:
1. Maximizing profit.
2. Minimizing variance.
3. Minimizing value at risk (in progress, but not very promising).