A QUEUEING MODEL FOR EGG PRICE DETERMINATION

The determination of the price paid to its suppliers and by its customers is a major task for some marketing authorities. The commodity arrives randomly at the authority's facility and is removed randomly by customers. Between arrival and departure, the commodity awaits processing, is processed (graded, packed), and awaits removal by a customer. It is suggested that this similarity to a queue enables a profit function, dependent on price, to be constructed. Determination of the price maximising this function is seen to be one solution to the price setting problem.


Issue Date:
1981-08
Publication Type:
Journal Article
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/22863
PURL Identifier:
http://purl.umn.edu/22863
Published in:
Australian Journal of Agricultural Economics, 25, 2
Page range:
170-175
Total Pages:
6




 Record created 2017-04-01, last modified 2020-10-28

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