Policy changes and the evolution of green technology have induced new links among markets. In this research, we study a representative market system, the U.S. crude oil, corn and plastics markets affected by policies promoting corn-based energy and corn-based bioplastics production. The vector...

On September 23, 2009 much of New South Wales awoke to a strange phenomenon, a huge cloud of red dust, “Red Dawn” the name given by the media to the event. This dust was sourced from the far west and northwest of the state and the Lake Eyre basin, and was lifted by a concurrence of weather...

Commercial feed blending is a complex process consisting of many potential raw ingredients and final products. The sheer number of daily orders and final products at a typical feed mill means that raw ingredients cannot be mixed to directly produce final products in an economical fashion. As a...

In investment analysis, uncertainty and irreversibility can undermine net present value (NPV) as a decision rule since the option to delay investment may have value. We apply the real option theory of investment to the pasture investment decision facing livestock producers in southwest Western...