Logistics and supply chain strategies in grain exporting

William Wilson, Donald C.E. Carlson and Bruce L. Dahl
Additional contact information
Donald C.E. Carlson: Jennie-O Turkey Store, Atwater, MN, Postal: Jennie-O Turkey Store, Atwater, MN
Bruce L. Dahl: Department of Agribusiness and Applied Economics, North Dakota State University, P.O. Box 5635, Fargo, ND 58105-5636, Postal: Department of Agribusiness and Applied Economics, North Dakota State University, P.O. Box 5635, Fargo, ND 58105-5636

Agribusiness, 2004, vol. 20, issue 4, 449-464

Abstract: The grain shipping industry is highly competitive and has become technically advanced during the past decade. These changes, along with the introduction of innovative shipping mechanisms, have made logistics management an important source of opportunity and risk for grain shippers. A stochastic simulation model was developed to evaluate tradeoffs and effects of key variables on logistical costs in the grain supply chain for an individual firm. Average demurrage for the supply chain was $2.14 million ($0.70|mt or 1.8 cent|bu) with the highest demurrage costs for vessels and lowest for railcars. Of the random variables modeled, unexpected changes in export demand had the greatest impact on costs. [EconLit citation: Q130.] © 2004 Wiley Periodicals, Inc. Agribusiness 20: 449-464, 2004.

Date: 2004
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Working Paper: LOGISTICS AND SUPPLY CHAIN STRATEGIES IN GRAIN EXPORTING (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:20:y:2004:i:4:p:449-464

DOI: 10.1002/agr.20026

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