Consulta: subjectFacets:"Mean-variance analysis"
Registros recuperados: 2
Data/hora: 13/06/2024 05:07:40

GO AHEAD, COUNT YOUR CHICKENS: CROSS-HEDGING STRATEGIES IN THE BROILER INDUSTRY
Provedor de dados: 31
Autores: Maynard,   Leigh J.; Dillon,   Carl R.; Carter,   Joy.
Some suppliers of broilers without giblets (WOG) offer customers a choice between paying Urner Barry's WOG quote or a formula price based on futures prices.  From a buyer's perspective, the formula price examined in this study is second-degree stochastic dominant.  The formula price allows the seller to set perfect cross-hedges of WOGs with corn and soymeal.  Stochastic dominance and mean variance results suggested that the seller's dominant strategy would shift from the Urner Barry quote to the hedged formula price as risk aversion increased.  Input-based formula pricing may be usefully extended to other industries.
Tipo: Journal Article
Palavras-chave: Broiler industry; Formula pricing; Hedging strategies; Mean-variance analysis; Stochastic dominance; Livestock Production/Industries; Marketing.
Ano: 2001
URL: http://purl.umn.edu/15295

Climate change impacts on crop risks and agricultural production in Finland
Provedor de dados: 31
Autores: Lehtonen,   Heikki; Kujala,   Sanna.
Climate Change is expected to improve crop production conditions significantly in northern Europe. In some studies a significant increase in agricultural production is expected in northern Europe while drought is becoming gradually more severe in Southern Europe and France due to climate change. Our analysis provides one of the first steps in evaluating the possible scale of changes in agricultural production and use of farm land in Finland, so far one of the least favoured agricultural areas in Europe.   Drought in early summer and low temperature sum during growing period are currently the main growth limiting factors in Finland. Even though the early part of the growing period is likely to be dry also in the future, both mean and variance of crop yields...
Tipo: Conference Paper or Presentation
Palavras-chave: Climate change; Agriculture; Risk aversion; Mean-variance analysis; Sector models; Optimization; Crop production; Finland; Crop Production/Industries; Environmental Economics and Policy; Risk and Uncertainty.
Ano: 2007
URL: http://purl.umn.edu/9259