Packing facility management: Stochastic dominance analysis of cost allocation and revenue distribution rules

Constance L. Falk and Daniel S. Tilley
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Constance L. Falk: Department of Agricultural Economics and Agricultural Business at New Mexico State University, Postal: Department of Agricultural Economics and Agricultural Business at New Mexico State University
Daniel S. Tilley: Department of Agricultural Economics at Oklahoma State University, Postal: Department of Agricultural Economics at Oklahoma State University

Agribusiness, 1990, vol. 6, issue 4, 355-369

Abstract: The impact of alternative cost allocation and revenue distribution rules in a multiproduct parking facility were modelled under conditions of stochastic prices and yields. Stochastic dominance with respect to a function was used to analyze the impacts on the riskiness of returns to growers. The returns of more risk averse growers with less diverse crop mixes were more sensitive to different combinations of rules. Cost allocation on the basis of hours of equipment operation and revenue distribution without pooling was the preferred alternative for fairly highly risk averse producers in seven of 10 classes of farms analyzed.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:6:y:1990:i:4:p:355-369

DOI: 10.1002/1520-6297(199007)6:4<355::AID-AGR2720060407>3.0.CO;2-C

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