Performance of Alternative Component Pricing Systems for Pork
- 1 December 1998
- journal article
- research article
- Published by Cambridge University Press (CUP) in Journal of Agricultural and Applied Economics
- Vol. 30 (2) , 313-324
- https://doi.org/10.1017/s1074070800008312
Abstract
One method of implementing value-based marketing is a component pricing system. This research develops and evaluates alternative component pricing systems for pork. Two electronic technologies for estimating carcass components (optical probe and electromagnetic scanner) were evaluated on two sets of data representing different populations. Model accuracy increased as additional components were added.Keywords
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