Sorting and Blending Under Quality Uncertainty: Application to Wheat Protein
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.
|Date of creation:||2005|
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- Wilson, William W., 1986. "Competition in the International Wheat Market," Agricultural Economics Reports 23326, North Dakota State University, Department of Agribusiness and Applied Economics.
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Agricultural Economics Reports
23329, North Dakota State University, Department of Agribusiness and Applied Economics.
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