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| Registros recuperados: 33 | |
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| Kim, Taeyoon; Brorsen, B. Wade; Kenkel, Philip L.. |
| The objective of this article is to address heteroscedasticity in the stochastic frontier cost function using aggregated data and verify it using a Monte Carlo study. We find that when the translog form of a stochastic frontier cost function with aggregated data is estimated, all explanatory variables can inversely affect the variation of error terms. Our Monte Carlo study shows that heteroscedasticity is only significant in the random effect and the unexplained error term not in the inefficiency error term. Also, it does not cause biases, which is quite opposite of previous research. These are because our model is approximately defined by first order Taylor series around zero inefficiency area. But, disregarding heteroscedasticity causes the average... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2008 |
URL: http://purl.umn.edu/6408 |
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| Tembo, Gelson; Holcomb, Rodney B.; Kenkel, Philip L.; Tilley, Daniel S.. |
| As in most predominantly agricultural states, agricultural producers in Oklahoma have expressed an interest in value-added processing opportunities. While Oklahoma produces mostly hard red winter wheat, most Oklahoma bakers require predominantly soft wheat flour for their products, almost all of which is purchased from out-of-state suppliers. An economic engineering-based, mixed-integer programming model was used to determine the optimal number, size, and location of additional flour mills in Oklahoma to capture this excess flour demand. The results suggest that additional mills are potentially justified and that the potential for additional milling will increase if Oklahoma soft wheat production increases. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 1999 |
URL: http://purl.umn.edu/27217 |
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| Adam, Brian D.; Kenkel, Philip L.; Anderson, Kim B.. |
| Buyer complaints about poor quality U.S. wheat have led to proposals to enforce minimum dockage standards for exports. An economic-engineering approach is used to evaluate costs and benefits of cleaning wheat in order to meet these standards for 13 possible cleaning configurations. These results are used in an optimization framework to estimate costs and benefits of cleaning all U.S. export wheat. The estimates indicate that cleaning U.S. export winter wheat to .35% dockage would cost an average of 1 cent/bu., requiring an initial capital investment of $28 million. Value of wheat lost in cleaning is a significant cost that previously has been overlooked. |
| Tipo: Journal Article |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 1994 |
URL: http://purl.umn.edu/30758 |
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| Kenkel, Philip L.; Norris, Patricia E.. |
| Mesoscale weather networks can provide improved weather information to agricultural producers. This technology can potentially improve production decisions, reduce irrigation and pesticide inputs, and reduce weather-related losses. Developing a mesoscale network to disseminate real-time mesoscale weather information requires a substantial investment. In addition, there are costs associated with maintenance of the system and distribution of the information available. While public funds may be available to support initial development of the system, there may be less public support initial development of the system, there may be less public support for maintaining the system and subsidizing users' access to the information. This study uses the contingent... |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 1995 |
URL: http://purl.umn.edu/30767 |
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| Kenkel, Philip L.; Holcomb, Rodney B.. |
| The American Native Beef project involved a failed attempt to establish cow and bull slaughter operation in Southeast Oklahoma. The effort was initially organized as a new generation cooperative and raised over US$2.5M from area producers who retained their funds in escrow for over 5 years despite numerous opportunities to withdraw their investment. The business model was restructured several times to attract equity capital from outside investors. The case provides insights into the linkages between business strategy and business structure. It also raises the question as to whether the project could have been successful under the original business model. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness; Livestock Production/Industries. |
| Ano: 2009 |
URL: http://purl.umn.edu/56950 |
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| Kenkel, Philip L.; Holcomb, Rodney B.. |
| This study examines the strategic issues and decisions of Producers Cooperative Oil Mill, a regional oilseed processing cooperative located in Oklahoma City, Oklahoma. The process of strategic planning and strategy implementation in agribusiness has been the topic of numerous research studies and case studies. While cooperative firms have been the subject of case studies focusing on strategic issues, the unique aspects of strategic decisions in a cooperative firm have not been highlighted. The formulation and implementation of strategy in cooperative organizations is impacted by their business structure. This case study provides unique examples of how strategy formulation and implementation is impacted by the unique structure and values of a cooperative... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Cooperative; Strategic planning; Oilseed processing; Agribusiness; Teaching/Communication/Extension/Profession. |
| Ano: 2011 |
URL: http://purl.umn.edu/98813 |
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| Kenkel, Philip L.; Holcomb, Rodney B.. |
| This study examines the rapidly expanding biofuels industry and identifies challenges for producer-owned biofuel projects. The U.S. ethanol industry has been growing rapidly, and biodiesel production is poised for similar growth. Producer involvement is driven by the desire to add value to farm commodities and the impact of biofuel projects on local grain prices. Local state and federal incentives have also stimulated producer interest. The long-run profitability of biofuel projects is driven by feedstock availability, access to market centers for biofuels, access to markets for coproducts, and utility costs and availability. The rapidly increasing size and scale of ethanol and biodiesel plants make it difficult for producers to fund these projects.... |
| Tipo: Journal Article |
Palavras-chave: Alternative energy biodiesel; Ethanol; Producer-owned business; Production Economics; Resource /Energy Economics and Policy; O13; Q42; Q55. |
| Ano: 2006 |
URL: http://purl.umn.edu/43772 |
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| Kenkel, Philip L.; Henneberry, Shida Rastegari; Agustini, Haerani N.. |
| Country elevators competed chiefly through increased efficiency in grain handling and transportation. The development by the railroads of more favorable rates for multi-car shipments (unit train) has led grain cooperatives and other agribusiness firms to invest in high speed rail load out facilities. In this study the feasibility of an investment in a unit-train load out facility is analyzed. The impact of grain through put volume, unit rate transportation savings, discount rates, and grain-cleaning costs is also determined. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Public Economics. |
| Ano: 2004 |
URL: http://purl.umn.edu/34748 |
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| Registros recuperados: 33 | |
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