Sorting and Blending Under Quality Uncertainty: Application to Wheat Protein
AbstractQuality 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.
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Bibliographic InfoPaper provided by Western Agricultural Economics Association in its series 2005 Annual Meeting, July 6-8, 2005, San Francisco, California with number 36316.
Date of creation: 2005
Date of revision:
Industrial Organization; Marketing; Risk and Uncertainty;
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