Abstract: Methods and products improve the profitability of a management strategy for a physical operation that converts a resource into a product or service, whereby a subset of relevant risk factors faced by the physical operation are traded in a financial derivatives market. A measure of at least one resource is obtained, and variables including the measure of the at least one resource are used to determine a first operating model and a second operating model. An operating strategy based on the first operating model is implemented in the physical operation and determines the way the resource is processed. Hedging strategies based on the first and second operating models and the measure of the at least one resource are used to develop a combined hedging strategy that is implemented in a financial market. The first operating model implemented in the physical operation together with the hedging strategy implemented in the financial market increase profitability of the physical operation.