@article{Coffey:15031,
      recid = {15031},
      author = {Coffey, Brian K.},
      title = {AN ANALYSIS OF THE EFFECTS OF FEED INGREDIENT PRICE RISK  ON THE SELECTION OF MINIMUM COST BACKGROUNDING FEED  RATIONS},
      journal = {Journal of Agricultural and Applied Economics},
      address = {2001-08},
      number = {1379-2016-113490},
      pages = {13},
      year = {2001},
      abstract = {The traditional minimum cost feed ration linear  programming model is expanded to permit risk management  responses to price variability associated with feeding a  particular ration across time.  The cost minimizing  objective function also considers feed cost in a  mean-variance (E-V) framework.  The model is specified  using NRC nutrient requirements and an historic Feedstuffs  price series.  A decision-maker can choose his/her optimal  ration by making tradeoffs between price risk and net  income.  The results should provide a basis for decision  tools that allow livestock producers to manage the net  income risk involved in the selection of a feed ration.},
      url = {http://ageconsearch.umn.edu/record/15031},
      doi = {https://doi.org/10.22004/ag.econ.15031},
}