Sorting and Blending Under Quality Uncertainty: Application to Wheat Protein

D. Demcey Johnson

No 36316, 2005 Annual Meeting, July 6-8, 2005, San Francisco, California from Western Agricultural Economics Association

Abstract: Quality uncertainty is of considerable interest to the grain industry. In this paper, uncertainty is incorporated in a model of grain blending decisions. A mixed-integer, nonlinear optimization problem is developed. Simulations illustrate the effect of crop quality on blending decisions, and the effect of blending activities on the distribution of protein within a wheat marketing channel.

Keywords: Industrial Organization; Marketing; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 31
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waeasa:36316

DOI: 10.22004/ag.econ.36316

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