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| Manfredo, Mark R.; Leuthold, Raymond M.. |
| VaR gives a prediction of potential portfolio losses, with a certain level of confidence, that may be encountered over a specified time period due to adverse price movements in the portfolio's assets. For example, a VaR of 1 million dollars at the 95% level of confidence implies that overall portfolio losses should not exceed 1 million dollars more than 5% of the time over a given holding period. This research examines the effectiveness of VaR measures, developed using alternative estimation techniques, in predicting large losses in the cattle feeding margin. Results show that several estimation techniques, both parametric and non-parametric, provide well calibrated VaR estimates such that violations (losses exceed the VaR estimate) are commensurate... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Value-at-Risk; Cattle Feeding; Volatility; Livestock Production/Industries; Risk and Uncertainty. |
| Ano: 1999 |
URL: http://purl.umn.edu/21628 |
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| Siaplay, Mounir; Nganje, William E.; Kaitibie, Simeon. |
| Food safety risks and microbial outbreaks have significant health impacts on society as a whole, as well as economic loss to food processing firms. According to the U.S. Centers for Disease Control (CDC), an estimated 76 million foodborne illnesses occur each year in the United States. Of these cases, 325,000 hospitalizations and 5,000 deaths occur each year (Mead et al., 1999). The U.S. Department of Agriculture, Food Safety and Inspection Services (USDA-FSIS) (1996) estimated that approximately 4,000 deaths each year are attributed to contamination in meat and poultry products. For food processing firms, microbial outbreaks often result in significant economic losses: food recalls, lost market share, and decreased consumer confidence. The intangible... |
| Tipo: Working or Discussion Paper |
Palavras-chave: PR/HACCP; Value-at-Risk; Salmonella; Turkey Processing; Food Consumption/Nutrition/Food Safety. |
| Ano: 2005 |
URL: http://purl.umn.edu/23556 |
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