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ESTIMATING THE EFFECTS OF FACTORS INFLUENCING GRID PRICING REVENUE

Ted Schroeder, Brian Coffey and Gary W. Brester

No 36604, 2002 Annual Meeting, July 28-31, 2002, Long Beach, California from Western Agricultural Economics Association

Abstract: Beef carcasses, carcass premiums, carcass discounts, and grain prices are simulated. Random carcasses are priced according to random sets of market conditions defining a distribution of total and net revenues. Sensitivity analysis is performed to determine the total effect on revenue and net revenue of managing any of the interrelated carcass traits.

Keywords: grid pricing; risk; simulation; Livestock; Production/Industries (search for similar items in EconPapers)
Pages: 15
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waealb:36604

DOI: 10.22004/ag.econ.36604

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