Company Filing History:
Years Active: 2013
Title: Detlef Noack: Innovator in Commodity Price Risk Management
Introduction
Detlef Noack is a notable inventor based in Hoyerswerda, Germany. He has made significant contributions to the field of logistics and commodity price risk management. His innovative approach has led to the development of a unique patent that addresses critical challenges in commodity transactions.
Latest Patents
Detlef Noack holds a patent titled "Logistics-exposure management integration for commodity price risks." This patent describes a method for updating a computing system involved in commodity transactions. The system utilizes a message that includes a commodity identifier, a date term, a quantity term, and a price term. The price term may consist of a formula arrangement or a reference to a formula arrangement for calculating the fractional exposure of an entity to the commodity on each date when an event affecting the commodity transaction occurs. Each fractional exposure is calculated for every commodity transaction and stored as separate entries in a data structure. These entries can then be updated, queried, and reorganized to generate an exposure position.
Career Highlights
Detlef Noack is associated with SAP AG, a leading company in enterprise software solutions. His work at SAP AG has allowed him to apply his innovative ideas in a practical setting, contributing to advancements in the industry.
Collaborations
Detlef has collaborated with notable colleagues, including Klaus Otto Mueller and Eric Bahembera Karambizi. Their teamwork has fostered an environment of innovation and creativity within their projects.
Conclusion
Detlef Noack's contributions to commodity price risk management through his patent demonstrate his expertise and innovative spirit. His work continues to influence the field and showcases the importance of integrating logistics with financial risk management.