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VARIABLE GROWTH IMPACTS ON OPTIMAL MARKET TIMING IN ALL-OUT PRODUCTION SYSTEMS AgEcon
Parsons, Jay R.; Hoag, Dana L.; Frasier, W. Marshall; Koontz, Stephen R..
This paper addresses the economic impacts of growth variability on market timing decisions in an all-in, all-out production system. Marketing decisions based on the pen average are determined to be different than those based on the entire distribution of output levels. A case study data set of 350 swine provides verification of our theoretical construct.
Tipo: Conference Paper or Presentation Palavras-chave: Production Economics.
Ano: 2002 URL: http://purl.umn.edu/36610
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ECONOMICS OF VARIABLE SWINE GROWTH AgEcon
Parsons, Jay R.; Hoag, Dana L.; Koontz, Stephen R..
This paper addresses the economic impacts of swine growth variability. Different economic penalties are determined to be associated with over-finishing versus under-finishing an animal. Marketing decisions based on the pen average are determined to be insignificantly less than optimal for a case study data set of 350 swine. Sensitivity analysis is conducted to determine the impact of increased growth and price variability.
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries.
Ano: 2001 URL: http://purl.umn.edu/36082
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