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benefits of control as well as a limited traceability caused by the multiple agents setting of most food risk problems. If we … traceability coefficient, we are able to determine the optimal control intensity and price for any cost of control function and …
Persistent link: https://www.econbiz.de/10008800845
The traceability allows, for each product, to sketch the manufacturing process through a system documentary, enabling … and distribution. There are researches that investigate the traceability within the firm, but little work has been carried … out on the investigation of the traceability system over the whole supply chain. The supply-chain of fresh produce is …
Persistent link: https://www.econbiz.de/10008508816
Since 2005, the implementation of a traceability system is mandatory to all European food chain operators. The balance … of costs to build and maintain the traceability system and benefits of traceability depends on the firm's traceability …. Mora and Menozzi (2005) mention that the cost of traceability is lower when firms already have a QMS in place. Moreover, US …
Persistent link: https://www.econbiz.de/10008853585
Traceability can serve various purposes in the food sector, including that of chain quality control. However, the … aspects that seem to be most frequently required of traceability are those related to food safety. Nevertheless, traceability … support it: traceability systems do not guarantee, per se, quality. On the other hand, a rigorous traceability system that …
Persistent link: https://www.econbiz.de/10008853619
Since 2005, the implementation of a traceability system is mandatory to all European food chain operators. Thebalance … of costs to build and maintain the traceability system and benefits of traceability depends on the firm … and Menozzi (2005) mention that the cost of traceability is lower when firmsalready have a QMS in place. Moreover, US …
Persistent link: https://www.econbiz.de/10009443767
We theoretically examine a farmer’s coverage demand with area and individual insurance plans as either separate or integrated options. The individual and area losses are assumed to be imperfectly and positively correlated. With actuarially fair rates, the farmer will fully insure with the...
Persistent link: https://www.econbiz.de/10008922603
The commodity bull cycle of 2006-2008 and subsequent dramatic price decline have been a source of hardship for traditional commodity market participants such as producers and merchant/shippers. The usefulness of futures markets has been called into question, especially given that some market...
Persistent link: https://www.econbiz.de/10009368370
This paper investigates the dynamics of sequential decision-making in agricultural futures and options markets using a quantile regression framework. Analysis of trading records of 12 traders suggests that there is great heterogeneity in individual trading behavior. Traders respond differently...
Persistent link: https://www.econbiz.de/10009368373
A comparative analysis was performed looking at using cash, futures, options, or insurance to manage the price of calves for cow-calf producer. Risk can be reduced with the futures market and with options or LRP insurance. Options and LRP insurance are equivalent in the amount of risk that is...
Persistent link: https://www.econbiz.de/10009368375
Hedging effectiveness is the proportion of price risk removed through hedging. Empirical hedging studies typically estimate a set of risk minimizing hedge ratios, estimate the hedging effectiveness statistic, apply the estimated hedge ratios to a second group of data, and examine the robustness...
Persistent link: https://www.econbiz.de/10009368376