Packing facility management: Stochastic dominance analysis of cost allocation and revenue distribution rules
The impact of alternative cost allocation and revenue distribution rules in a multiproduct parking facility were modelled under conditions of stochastic prices and yields. Stochastic dominance with respect to a function was used to analyze the impacts on the riskiness of returns to growers. The returns of more risk averse growers with less diverse crop mixes were more sensitive to different combinations of rules. Cost allocation on the basis of hours of equipment operation and revenue distribution without pooling was the preferred alternative for fairly highly risk averse producers in seven of 10 classes of farms analyzed.
Year of publication: |
1990
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Authors: | Falk, Constance L. ; Tilley, Daniel S. |
Published in: |
Agribusiness. - John Wiley & Sons, Ltd., ISSN 0742-4477. - Vol. 6.1990, 4, p. 355-369
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Publisher: |
John Wiley & Sons, Ltd. |
Saved in:
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