A linear programming algorithm is used to estimate the parameters of a wheat storage decision model. This approach allows objective functions other than minimization of error squared to be used. It is demonstrated that by using a profit maximization objective function, an improved wheat storage...

The Market Risk Game is a computerized simulation game available for IBM PC and Apple II microcomputers that is designed to give realistic practice in making decisions in a risky market environment. It illustrates the use of hedging and put options to reduce risk in livestock and grain markets....

The efficiency of livestock futures markets continues to receive attention, particularly with regard to their forward pricing or forecasting ability. The purpose of this paper is to present a more general theory that encompasses the forward pricing concept. It is argued that futures contract...

Previous research found a positive relationship between concentration and total factor productivity in food manufacturing. On industry (i.e., meatpacking plants [SIC 2011]) was selected for independent analysis due to a relatively sharp increase in concentration in recent years. The methodology...

Integrated pest management (IMP) initially focused on insect pest control. More recently, IPM encompasses a broader concept of management, one which crosses several disciplinary boundaries. This article reports results of research dealing with four integrated management decisions for alfalfa...