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Performance Of Alternative Component Pricing Systems For Pork

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Author Info

  • Brorsen, B. Wade
  • Akridge, Jay T.
  • Boland, Michael A.
  • Mauney, Sean
  • Forrest, John C.

Abstract

One method of implementing value-based marketing is a component pricing system. This research develops and evaluates alternative component pricing systems for pork. Two electronic technologies for estimating carcass components (optical probe and electromagnetic scanner) were evaluated on two sets of data representing different populations. Model accuracy increased as additional components were added.

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File URL: http://purl.umn.edu/15565
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Bibliographic Info

Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

Volume (Year): 30 (1998)
Issue (Month): 02 (December)
Pages:

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Handle: RePEc:ags:joaaec:15565

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Web page: http://www.saea.org/jaae/jaae.htm
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Related research

Keywords: Carcass merit; Component pricing; Electromagnetic scanning; Pork; Marketing;

References

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  1. Ashley, R & Granger, C W J & Schmalensee, R, 1980. "Advertising and Aggregate Consumption: An Analysis of Causality," Econometrica, Econometric Society, vol. 48(5), pages 1149-67, July.
  2. John D. LAWRENCE, 1996. "Factors That Influence Prices Producers Receive For Hogs: Statistical Analysis Of Killsheet And Survey Data," Staff Papers 279, Iowa State University Department of Economics.
  3. M. A. Boland & K. A. Foster & J. T. Akridge, 1995. "Packer sorting strategies for fresh pork," Agribusiness, John Wiley & Sons, Ltd., vol. 11(5), pages 423-430.
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Cited by:
  1. Li, Ning & Preckel, Paul V. & Foster, Kenneth A. & Schinckel, Allan P., 2003. "Analysis of Economically Optimal Nutrition and Marketing Strategies for Paylean® Usage in Hog Production," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 28(02), August.

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