Agricultural Supply Chain Management Research: Operations and Analytics in Planting, Selling, and Government Interventions (Springer Series in Supply Chain Management, 12)

Preface
Acknowledgments
Contents
Contributors
Part I Planting and Growing
	1 Dynamic Crop Allocation in the Presence of Two-Season Crop Rotation Benefits
		1.1 Introduction
		1.2 Model
		1.3 Optimal Allocation Policy
		1.4 Heuristics
			1.4.1 Proposed Policy: One-Period Lookahead
			1.4.2 Benchmarks
		1.5 Numerical Study
			1.5.1 Calibration
			1.5.2 Simulation Setup
			1.5.3 Results
		1.6 Future Research
		References
	2 Agricultural Production Planning Under Yield-Dependent Cost and Price
		2.1 Introduction
		2.2 Literature Review
		2.3 The Model and Analysis
		2.4 Empirical Analysis
		2.5 Conclusions
		References
	3 Mechanisms for Effective Sharing of Agricultural Water Between Head-Reach and Tail-End Farms
		3.1 Introduction
		3.2 A Surface-Water Allocation Problem for a Farming Community
			3.2.1 The Centralized Problem
			3.2.2 A Naive Decentralized Mechanism
		3.3 Improved Decentralized Pricing Mechanisms for Water Distribution
			3.3.1 A Single-Lane, Single-Crop System
				3.3.1.1 Socially Optimal Schemes
			3.3.2 Reward and Premium Charts for the Entire Farming Community
		3.4 A Special Case: Risk-Neutral Farmers
		3.5 Concluding Remarks
		References
	4 Portfolio Management Issues in the Commercial Seed Industry: A Modeling Framework and Industry Implementation
		4.1 Introduction to the Commercial Seed Market
			4.1.1 Chapter Focus
		4.2 Portfolio Management with Sequential Production
			4.2.1 Four Contextual Features of Seed Corn Market
			4.2.2 Sequential Production
		4.3 Mathematical Development
			4.3.1 Problem Formulation
			4.3.2 Solution
			4.3.3 Mathematical Properties of Solution
		4.4 Implementation and Benefits
			4.4.1 Implementation
			4.4.2 Benefits
		4.5 Conclusion
		References
Part II Processing and Selling
	5 Procurement Management in Agricultural CommodityProcessing
		5.1 Introduction
		5.2 Literature Review
		5.3 The Role of Demand Correlation in Agricultural Processing with Fixed Proportions Technology
			5.3.1 Model Description and Assumptions
			5.3.2 The Optimal Strategy
			5.3.3 Analysis
		5.4 The Impact of Spot Price Uncertainty on Contract Selection in Agricultural Processing
			5.4.1 Model Description and Additional Assumptions
			5.4.2 The Optimal Strategy
			5.4.3 Analysis
		5.5 Conclusion and Future Research
		References
	6 The Influence of Yield-Dependent Trading Costs on Pricing and Production Planning Under Supply Uncertainty
		6.1 Introduction
		6.2 Literature Review
		6.3 The Model
		6.4 Model Analysis
			6.4.1 The Case of No Trading of the Fruit
			6.4.2 Incorporating the Trading Option
			6.4.3 The Impact of Yield-Dependent Trading Costs
				6.4.3.1 The Impact on Expected Profit
				6.4.3.2 The Impact on Pricing and Production Decisions
				6.4.3.3 The Impact of Less Than Perfect Correlation Between Trading Costs and Yield
		6.5 Value of Fruit Futures
		6.6 Conclusions
		References
	7 Capacity Management in Agricultural Commodity Processing
		7.1 Introduction
		7.2 Literature Review
		7.3 Model Description
		7.4 Characterization of the Optimal Strategy
			7.4.1 Periodic Input Processing and Output Inventory Decisions
			7.4.2 Capacity Investment Decisions
		7.5 Performance of Heuristic Capacity Investment Policies
		7.6 Conclusion
		References
	8 A Prescriptive Model for Selling Wine Futures to Mitigate Quality Uncertainty
		8.1 Introduction
			8.1.1 The Impact of Barrel Scores on Wine Futures Decisions
		8.2 Literature Review
			8.2.1 Pricing and Quantity Decisions Under Uncertainty
			8.2.2 Advance Selling Mechanisms
			8.2.3 Wine Tasting and Wine Analytics
		8.3 The Model
			8.3.1 Quality Indicator
			8.3.2 Consumer Utilities and the Demand for Wine Futures
			8.3.3 Winemaker\'s Optimization Problem
		8.4 Analysis
			8.4.1 The Impact of Consumers\' and Winemaker\'s Risk Preference
			8.4.2 The Impact of Barrel Score
			8.4.3 The Impact of Consumer Heterogeneity
		8.5 Numerical Illustrations
		8.6 Summary
		References
	9 Wine Analytics: Futures or Bottles?
		9.1 Introduction
		9.2 Literature Review
		9.3 The Model and Its Analysis
			9.3.1 Empirical Foundation for the Model
				9.3.1.1 Models 1A and 1B: Futures Price Evolution
				9.3.1.2 Models 2A and 2B: Bottle Price Evolution
				9.3.1.3 Functional Forms for the Analytical Model
			9.3.2 The Model
			9.3.3 Analysis
		9.4 Financial Benefits from Our Proposed Model
		9.5 Conclusions
		References
Part III Government Interventions
	10 Implications of Farmer Information Provision Policies: Heterogeneous Farmers and Market Selection
		10.1 Introduction
		10.2 Literature Review
		10.3 Model Description
		10.4 Analysis: Farmer\'s Market Selection and Farmer\'s Profit
			10.4.1 Farmer\'s Threshold Market Selection Rule Under Provision Policy δ
			10.4.2 Farmer\'s Profit Function Under Provision Policy δ
			10.4.3 Farmers\' Expected Total Profit Under Provision Policy δ
		10.5 Analysis: Comparisons of Provision Policies
			10.5.1 Benchmark Provision Policies
			10.5.2 Partial Intensity Policy (Fρ)
			10.5.3 General Policy (Kρ)
				10.5.3.1 Numerical Examples
				10.5.3.2 Perceived Unfairness and Nominal Fees
		10.6 Conclusion
		References
	11 Agricultural Market Information: Economic Value and Provision Policy
		11.1 Introduction
		11.2 Economic Value of Agricultural Market Information
			11.2.1 Impact of Information on Farmer\'s Welfare
				11.2.1.1 Impact of Private Signal on Farmer\'s Welfare
				11.2.1.2 Impact of Public Signal on Farmer\'s Welfare
				11.2.1.3 Impact of Signal Precision on Price Variation
			11.2.2 Non-identical Private Signal Precisions
		11.3 Optimal Information Provision Policy
			11.3.1 Farmers\' Equilibrium Analysis
			11.3.2 Central Planner\'s Optimal Information Provision Policy
		11.4 Conclusion
		References
	12 Knowledge Sharing Among Smallholders in DevelopingEconomies
		12.1 Introduction
		12.2 Related Literature
		12.3 Model Preliminaries
			12.3.1 Base Case: Farmer\'s Effort Decision When There Is No Knowledge Sharing
		12.4 Knowledge Sharing and Learning
			12.4.1 Learning Process
			12.4.2 A Coordinated System: Sharing Decisions Made by a Coordinator
			12.4.3 A Decentralized System: Sharing Decisions Made by Individual Farmers
				12.4.3.1 A Farmer\'s Best Response Function in a Decentralized System
				12.4.3.2 Pure-Strategy Nash Equilibrium
				12.4.3.3 Motivations for Sharing/Non-sharing in a Decentralized System
			12.4.4 The Efficiency of Voluntary Sharing
		12.5 Income Inequality and Reward Mechanisms
			12.5.1 Impact of Increasing Knowledge Sharing on Income Inequality
			12.5.2 Reward Mechanisms
				12.5.2.1 Two Ineffective Mechanisms
				12.5.2.2 A Quota-Based Reward Mechanism
		12.6 Improving the Learning Effectiveness Factor h
		12.7 Extensions
			12.7.1 When Farmer\'s Knowledge Follows a General Distribution
			12.7.2 When Each Farmer\'s High-Quality and Low-Quality Outputs Are Stochastic
				12.7.2.1 The Productive Factor β Follows the Binomial Distribution
				12.7.2.2 Farmer k\'s High-Quality Output Is βk x + εk
			12.7.3 When a Farmer\'s Output Capacity Is Not Fixed and the Markets Are Not Separate
		12.8 Concluding Remarks
		References
	13 Policy Interventions for an Agriculture-Based Malaria Medicine Supply Chain
		13.1 Introduction
		13.2 Related Literature
		13.3 Model
			13.3.1 Overview
			13.3.2 Equilibrium Condition
			13.3.3 Two Models of Price-Dependent Demand
			13.3.4 Performance Measures
		13.4 Analysis
		13.5 Summary of Implications for Policy Makers
		13.6 Conclusions
		References
	14 The Impact of Crop Minimum Support Price on Crop Production and Farmer Welfare
		14.1 Introduction
		14.2 Literature Review
		14.3 Model Preliminaries
		14.4 A Model of the Credit-Based MSP Scheme
			14.4.1 Farmers\' Crop Selection and Production Decisions
			14.4.2 Impact of MSPs on Farmers\' Production Decisions
			14.4.3 Impact of MSPs on Farmers\' Profits and Surplus
		14.5 Conclusions
		References
	15 Input- vs. Output-Based Farm Subsidies in Developing Economies: Farmer Welfare and Income Inequality
		15.1 Introduction
		15.2 Literature Review
		15.3 Model Preliminaries
			15.3.1 Farmers\' Planning Problem
			15.3.2 Output-Based and Input-Based Subsidy Schemes
			15.3.3 The Government\'s Subsidy Scheme
		15.4 Equilibrium Analysis
			15.4.1 Input-Based Subsidy Scheme
				15.4.1.1 The Farmers\' Planting Decisions
				15.4.1.2 The Government\'s Input-Based Subsidy Level Decision
			15.4.2 Output-Based Subsidy Scheme
				15.4.2.1 The Farmer\'s Planting Decision
				15.4.2.2 The Government\'s Output-Based Subsidy Level Decision
		15.5 Input-Based versus Output-Based Subsidy Schemes
		15.6 Discussion
			15.6.1 The Impact of Subsidy Schemes on the Aggregate Level Performance
			15.6.2 A Combined Subsidy Scheme
				15.6.2.1 The Farmers\' Planting Decisions
				15.6.2.2 The Government\'s Subsidy Level Decision
			15.6.3 When the Yield Rate Is Uncertain
		15.7 Conclusion
		References