Input hedging: generalizations

Purpose – The purpose of this paper is to generalize input-hedging models. Design/methodology/approach – Using a general utility function and general probability distributions, the paper extends the Paroush-Wolf and Alghalith theoretical models by including two risky (hedged) inputs. Findings – The paper finds that the inclusion of two risky inputs affects the previous theoretical results. Originality/value – The paper introduces new theoretical and technical contributions. Also, it is intended to be a foundation for future empirical and theoretical studies.