PROCUREMENT STRATEGIES: IMPACTS OF QUALITY RISKS IN HARD WHEAT

Analytical models were developed in this paper to evaluate cost/risk tradeoffs of three alternative procurement strategies in the case of hard red spring (HRS) wheat. Results indicate a naive strategy has the lowest expected cost, but a high probability of not conforming to end-use requirements. Two alternative specifications for the constant share strategy result in higher probabilities of meeting requirements, but at higher costs. The opportunistic strategy results in a higher probability of meeting requirements than either of the other two alternative strategies at a comparable cost.Crop Production/Industries,

TRANSPARENCY AND BIDDING COMPETITION IN INTERNATIONAL WHEAT TRADE

One of the major trade policy problems identified by U.S. interests, including grower groups, traders, and policymakers, is that of pricing transparency. This has been a gnawing issue generally related to the pricing practices of competitor exporting countries with state trading enterprises (STEs). The transparency problem generally refers to the inability to observe rivals' terms of trade (including price, quality, credit, etc.) and is normally associated with commercial exporters competing against STE rivals. The perception being the less transparent competitors (STEs) would have a strategic advantage. A game theory model of bidding competition was developed to simulate the effects of information asymmetry amongst rivals. A Bayes-Nash equilibrium was used to derive equilibrium solutions. Several stylized examples were used to illustrate aspects of competition and to analyze effects on bidding strategies. Results indicate that: 1) anything that reduces uncertainties among rivals would reduce equilibrium bids and prices; 2) bidding situations in which there is less transparency have the effect of increasing bids and prices to buyers, and payoffs to sellers; and 3) increases in the number of rivals have the effect of reducing bids and mitigating the informational advantages of STEs. In all cases, less transparent sellers have an advantage in bidding competition relative to more transparent sellers. That advantage in our stylized case was in the area of 1-2$/mt. However, that advantage is mitigated with an increase in the number of transparent rivals and in the case where more transparent players have acted as agents for an STE and have more information about costs of an STE. Further, cessation of exports under U.S. EEP programs should have decreased the transparency of U.S. firms, increasing their competitiveness in the international grain trade.Price Transparency, Strategic Bidding, Game Theory, Bayesian-Nash, State Trading Enterprises, Export Enhancement Program, Wheat, International Relations/Trade,

PROCUREMENT STRATEGIES: IMPACTS OF QUALITY RISKS IN HARD WHEAT

Development and organization of procurement strategies have escalated in importance with maturity of the food processing industry, as well as with the prospect of greater choice attributable to variety development and information technology. Conventional alternatives for procurement range from spot purchases with specifications for easily measurable characteristics, to varying forms of strategies with pre-commitment. In the case of grains these choices are complicated by two factors. First, there is intrinsic uncertainty associated with end-use qualities that are not easily measurable. Second, grain prices and therefore procurement costs vary spatially due to competing market regions. Thus, shifting origins may involve higher cost due to having to bid grain away from its next best market. We posed three procurement strategies and developed analytical models to evaluate the risks and costs among these alternatives in the case of hard red spring (HRS) wheat. The first involves no commitment. The second involves some form of irrevocable commitment and the third entails less commitment. Stochastic simulation models were developed for each with an objective of cost minimization subject to different levels of risk. The results indicate that the naive strategy has the lowest expected cost, but a fairly high probability of not conforming to end-use requirements. The constant share strategies result in higher probabilities of meeting requirements, but at substantially higher costs. The opportunistic strategy results in a higher probability of meeting requirements than either of the other two alternative strategies at a comparable cost.Marketing, Agribusiness,

No Difference? A Study On Learning Process And Outcome Among Online, Hybrid, And Face-To-Face Courses

Many researchers and educators have questioned whether online course management technologies make a significant impact on student learning process and outcomes. Guided by the Seven Principles framework of student learning, our study examined the impacts of three instructional methods including face-to-face (F2F), hybrid (Web-enhanced), and online courses on the learning process and outcomes. Data were collected at a major mid-western university and 1233 valid responses were analyzed in AMOS. We found that there was no significant difference among F2F, hybrid, and online instructional methods in learning outcomes. However, both high expectation of faculty and accommodation for diversity influenced learning outcomes significantly. In addition, faculty contact had a significant impact on outcomes but only in hybrid courses

Credit Guarantee Programs in International Grain Markets: Background and Issues

Marketing,

Characterization of Safe Solvent PMMA Resist Variables for Electron Beam Application

Polymethylmethacrylate (PMMA) materials have been utilized for electron beam lithography for many years, offering high resolution capability and wide process latitude. Their poor sensitivity has, however, limited them until recently to R&D applications. MOSFET 0.25 im T-gate fabrication utilizing PMMA in a multi-layer system has caused an increase in the volume of resist used in commercial applications, prompting a need to evaluate formulations for optimum process performance. Results are presented from a study undertaken to evaluate resist casting solvent composition and molecular weight variation in PMMA for electron beam exposure. PMMA cast in several solvent systems have been evaluated for lithographic performance. Additionally, formulations in chlorobenzene with minor variations in molecular weight have beenevaluated for batch-to-batch uniformity. A 10 KeV MEBES electron beam system has been used to study resist sensitivity, contrast, and process latitude. Using a two-factor, three level factorial designed experiment, prebake and development time have been varied as controlled process factors. Samples with varying molecular weights were shown to have wide process latitude. These samples gave comparable performance while their molecular weights varied from 539K to 614K, and polydispersity varied from 3.3 to 6.1. Resist samples with chlorobenzene, PGMEA (propylene glycol monomethyl ether acetate) and anisole as the casting solvent resulted in equivalent performance

Climate trends of the North American prairie pothole region 1906–2000

The Prairie Pothole Region (PPR) is unique to North America. Its millions of wetlands and abundant ecosystem goods and services are highly sensitive to wide variations of temperature and precipitation in time and space characteristic of a strongly continental climate. Precipitation and temperature gradients across the PPR are orthogonal to each other. Precipitation nearly triples from west to east from approximately 300 mm/year to 900 mm/year, while mean annual temperature ranges from approximately 1◦C in the north to nearly 10◦C in the south. Twentieth-century weather records for 18 PPR weather stations representing 6 ecoregions revealed several trends. The climate generally has been getting warmer and wetter and the diurnal temperature range has decreased. Minimum daily temperatures warmed by 1.0◦C, while maximum daily temperatures cooled by 0.15◦C. Minimum temperature warmed more in winter than in summer, while maximum temperature cooled in summer and warmed in winter. Average annual precipitation increased by 49 mm or 9%. Palmer Drought Severity Index (PDSI) trends reflected increasing moisture availability for most weather stations; however, several stations in the western Canadian Prairies recorded effectively drier conditions. The east-west moisture gradient steepened during the twentieth century with stations in the west becoming drier and stations in the east becoming wetter. If the moisture gradient continues to steepen, the area of productive wetland ecosystems will shrink. Consequences for wetlands would be especially severe if the future climate does not provide supplemental moisture to offset higher evaporative demand

Using bacterial biomarkers to identify early indicators of cystic fibrosis pulmonary exacerbation onset

Acute periods of pulmonary exacerbation are the single most important cause of morbidity in cystic fibrosis patients, and may be associated with a loss of lung function. Intervening prior to the onset of a substantially increased inflammatory response may limit the associated damage to the airways. While a number of biomarker assays based on inflammatory markers have been developed, providing useful and important measures of disease during these periods, such factors are typically only elevated once the process of exacerbation has been initiated. Identifying biomarkers that can predict the onset of pulmonary exacerbation at an early stage would provide an opportunity to intervene before the establishment of a substantial immune response, with major implications for the advancement of cystic fibrosis care. The precise triggers of pulmonary exacerbation remain to be determined; however, the majority of models relate to the activity of microbes present in the patient's lower airways of cystic fibrosis. Advances in diagnostic microbiology now allow for the examination of these complex systems at a level likely to identify factors on which biomarker assays can be based. In this article, we discuss key considerations in the design and testing of assays that could predict pulmonary exacerbations

Standoff Methods for the Detection of Threat Agents: A Review of Several Promising Laser-Based Techniques

Detection of explosives, explosive precursors, or other threat agents presents a number of technological challenges for optical sensing methods. Certainly detecting trace levels of threat agents against a complex background is chief among these challenges; however, the related issues of multiple target distances (from standoff to proximity) and sampling time scales (from passive mines to rapid rate of march convoy protection) for different applications make it unlikely that a single technique will be ideal for all sensing situations. A number of methods for spanning the range of optical sensor technologies exist which, when integrated, could produce a fused sensor system possessing a high level of sensitivity to threat agents and a moderate standoff real-time capability appropriate for portal screening of personnel or vehicles. In this work, we focus on several promising, and potentially synergistic, laser-based methods for sensing threat agents. For each method, we have briefly outlined the technique and report on the current level of capability