Performance Of Alternative Component Pricing Systems For Pork
AbstractOne 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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Bibliographic InfoArticle provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.
Volume (Year): 30 (1998)
Issue (Month): 02 (December)
Carcass merit; Component pricing; Electromagnetic scanning; Pork; Marketing;
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- 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.
- 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.
- 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.
- Li, Ning & Preckel, Paul V. & Foster, Kenneth A. & Schinckel, Allan P., 2003. "Analysis of Economically Optimal Nutrition and Marketing Strategies for PayleanÂ® Usage in Hog Production," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 28(02), August.
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