FORWARD CONTRACTING WITH UNCERTAIN INPUT SUPPLIES: A RISK PROGRAMMING APPROACH

Robert W. Dubman and Bill Miller

No 270130, 1987 Annual Meeting, August 2-5, East Lansing, Michigan from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Forward contracting with uncertain input supplies and prices was investigated and a decision technique developed. Uncertain input supplies increased the risk in forward contracting. A case study of a large peanut marketing firm demonstrated the effect of uncertain input supplies on the optimal proportion of expected production to forward contract.

Keywords: Crop Production/Industries; Production Economics; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 17
Date: 1987-08-02
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/270130/files/aaea-1987-140.pdf (application/pdf)
https://ageconsearch.umn.edu/record/270130/files/a ... 0.pdf?subformat=pdfa (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea87:270130

DOI: 10.22004/ag.econ.270130

Access Statistics for this paper

More papers in 1987 Annual Meeting, August 2-5, East Lansing, Michigan from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Bibliographic data for series maintained by AgEcon Search ().