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Performance of Alternative Component Pricing Systems for Pork

Author

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  • 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.

Suggested Citation

  • Brorsen, B. Wade & Akridge, Jay T. & Boland, Michael A. & Mauney, Sean & Forrest, John C., 1998. "Performance of Alternative Component Pricing Systems for Pork," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 30(2), pages 313-324, December.
    • Handle: RePEc:cup:jagaec:v:30:y:1998:i:02:p:313-324_00
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    Cited by:

    1. Chavas, Jean-Paul & Kim, Kwansoo, 2001. "Hedonic Pricing of Components and Cointegration Relationships: A Dynamic Analysis of Dairy Product Prices," Working Papers 201572, University of Wisconsin-Madison, Department of Agricultural and Applied Economics, Food System Research Group.
    2. 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(2), pages 1-15, August.

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