PERFORMANCE OF ALTERNATIVE COMPONENT PRICING SYSTEMS FOR PORK

B Wade Brorsen, Jay Taylor Akridge, Michael A. Boland (), Sean Mauney and John C. Forrest

Journal of Agricultural and Applied Economics, 1998, vol. 30, issue 02

Abstract: One method of implementing value-based marketing is a component pricing system. This research develops and evaluates alternative component pricing systems for pork. Two electronic technologies for estimating carcass components (optical probe and electromagnetic scanner) were evaluated on two sets of data representing different populations. Model accuaracy increased as additional components were added.

Keywords: Marketing (search for similar items in EconPapers)
Date: 1998
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