中文摘要：

运用中国期货市场期铜合约周数据，实证分析了动态规划方法套期保值的效果。研究发现动态规划方法套期保值有效性优于传统静态方法。

英文摘要：

Applying weekly Cu future contracts on the Chinese market, optimal hedge ratios are calculated from the dynarnic programming approach. The empirical result suggests that it outperforms statistically traditional static approach.