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| Wilson, William W.; Jabs, Eric J.; Dahl, Bruce L.. |
| A stochastic optimization model was developed to determine optimal testing strategies, costs, and risks of a dual marketing system. The model chooses the testing strategy (application, intensity, and tolerance) that maximizes utility (minimizes disutility) of additional system costs due to testing and quality loss and allows simulation of the risk premium required to induce grain handlers to undertake a dual marketing system versus a Non-GM system. Cost elements including those related to testing, quality loss, and a risk premium were estimated for a model representing a grain export chain. Uncertainties were incorporated and include test accuracy, risk of adventitious commingling throughout, and variety declaration. Sensitivities were performed for... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Segregation; Testing; Tolerance; Genetically Modified; Wheat; Risk Premium; Crop Production/Industries; Research and Development/Tech Change/Emerging Technologies. |
| Ano: 2003 |
URL: http://purl.umn.edu/23605 |
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