Target-MOTAD: A Stochastic Dominant Method For Evaluating Alternative Profit Margin Hedging Strategies

John B. Rowsell and David E. Kenyon

No 270146, 1988 Annual Meeting, August 1-3, Knoxville, Tennessee from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper documents a simulation of profit margin hedging strategies, for a 150 sow farrow to finish operation, using commodity option and commodity future contracts. Criteria for ordering hedging strategies are reviewed. Integer programming with Target-MOTAD was applied to the results of the simulated strategies.

Keywords: Agricultural and Food Policy; Production Economics (search for similar items in EconPapers)
Pages: 24
Date: 1988-08-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea88:270146

DOI: 10.22004/ag.econ.270146

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