Performance of Alternative Component Pricing Systems for Pork
Posted: 2 Mar 1999
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.
JEL Classification: Q13
Suggested Citation: Suggested Citation