Performance of Alternative Component Pricing Systems for Pork

Posted: 2 Mar 1999

See all articles by B. Wade Brorsen

B. Wade Brorsen

Oklahoma State University - Stillwater - Department of Agricultural Economics

Jay T. Akridge

Purdue University College of Agriculture

Michael A. Boland

Kansas State University - Department of Agricultural Economics

Sean Mauney

Stokely, U.S.

John C. Forrest

Purdue University

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.

JEL Classification: Q13

Suggested Citation

Brorsen, B. Wade and Akridge, Jay T. and Boland, Michael A. and Mauney, Sean and Forrest, John C., Performance of Alternative Component Pricing Systems for Pork. Available at SSRN: https://ssrn.com/abstract=143859

B. Wade Brorsen (Contact Author)

Oklahoma State University - Stillwater - Department of Agricultural Economics ( email )

Stillwater, OK 74078-6026
United States
405-744-6836 (Phone)
405-744-8210 (Fax)

Jay T. Akridge

Purdue University College of Agriculture ( email )

United States

Michael A. Boland

Kansas State University - Department of Agricultural Economics ( email )

Manhattan, KS 66506-4001
United States

Sean Mauney

Stokely, U.S.

Hoopeston, IL
United States

John C. Forrest

Purdue University

2101 E Coliseum Boulevard East
Fort Wayne, IN 46805-1499
United States

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