Pricing in Dairy Industry
Research idea. Within strategic management to research problems of pricing on raw materials of dairy industry on Kazakhstan's .Aim and research question. To find out the factors influencing pricing for milk in the market of Kazakhstan.Research hypothesis On pricing of milk in the market of Kazakhstan influence following: 1. Index of tariffs for transportation by all types of transport.2. Investments into fixed capital. 3. Productivity (average milk yield).4. In the paper are shown the results of modeling using panel models in GRETL program. Following Papers will be based on Time series models.In the purpose to find out the factors influencing pricing for milk in the market of Kazakhstan were collected official data from official site of Committee on statistics of Ministry of national economy of Republic of Kazakhstan (1). Data was taken on the date from 2010 to 2016 over regions of Kazakhstan. Description of used variables is shown on Table 1. The data was imported in GRETL program.Table 1 – Description of used variablesDescription VariableAverage milk yield of milk on one milk cow, kg NADOYGross output of livestock production, ton PROD Production of milk of all types, ton MILKThe change of realization price for livestock production over regions of Kazakhstan PRICE INDEXPrice of cow milk, tenge / ton MILK priceFor all models have been formulated a null and alternative hypothesises:H0: The independent variables don't influence the milk priceH1: The independent variables influence the milk price.The result of modeling in GRETL program using Weighted least squares method for Panel data is presented on figure 1. Figure 1 – WLC ModelResults of assessment of model allow to speak about realness of the model. And we can reject the null hypothesis and make the conclusion that Average milk yield of milk on one milk cow, Gross output of livestock production and Production of milk influence Price of cow milk.Also were used Fixed or random Effects Method for panel data on Variables's logarithms (figure 2). Here we can also reject the null hypothesis. Figure 2 – Fixed or random Effects ModelThe conclusion: Average milk yield of milk on one milk cow and Gross output of livestock production are the main factors influenced the Price of cow milk.In following papers we'll share the results of modeling based on Time series models
Year of publication: |
2018
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Authors: | Zhanbyrbayeva, Sanim |
Publisher: |
[2018]: [S.l.] : SSRN |
Subject: | Milchverarbeitung | Dairy industry | Milchpolitik | Milk policy | Preismanagement | Pricing strategy | Milchpreis | Milk price | Milchmarkt | Milk market |
Description of contents: | Abstract [papers.ssrn.com] |
Saved in:
Extent: | 1 Online-Ressource |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 18, 2018 erstellt Volltext nicht verfügbar |
Classification: | Q13 - Agricultural Markets and Marketing; Cooperatives; Agribusiness |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012916587
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