PROCUREMENT STRATEGIES: IMPACTS OF QUALITY RISKS IN HARD WHEAT

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dc.creatorWilson, William W.
dc.creatorDahl, Bruce L.
dc.creatorJohnson, D. Demcey
dc.date2017-04-01T13:55:08Z
dc.date.accessioned2026-07-09T04:26:51Z
dc.descriptionAnalytical models were developed in this paper to evaluate cost/risk tradeoffs of three alternative procurement strategies in the case of hard red spring (HRS) wheat. Results indicate a naive strategy has the lowest expected cost, but a high probability of not conforming to end-use requirements. Two alternative specifications for the constant share strategy result in higher probabilities of meeting requirements, but at higher costs. The opportunistic strategy results in a higher probability of meeting requirements than either of the other two alternative strategies at a comparable cost.
dc.identifierdoi:10.22004/ag.econ.36364
dc.identifierhttps://ageconsearch.umn.edu/record/36364/files/sp00wi01.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/36364
dc.identifier.urihttp://hdl.handle.net/123456789/550041
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/36364
dc.titlePROCUREMENT STRATEGIES: IMPACTS OF QUALITY RISKS IN HARD WHEAT
dc.typeText

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