ESTIMATING THE EFFECTS OF FACTORS INFLUENCING GRID PRICING REVENUE

Abstract

Beef carcasses, carcass premiums, carcass discounts, and grain prices are simulated. Random carcasses are priced according to random sets of market conditions defining a distribution of total and net revenues. Sensitivity analysis is performed to determine the total effect on revenue and net revenue of managing any of the interrelated carcass traits. Keywords: grid pricing, risk, simulationgrid pricing, risk, simulation, Livestock Production/Industries,