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Forward Shipping Options For Grain By Rail: A Strategic Risk Analysis

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  • Priewe, Steven R.
  • Wilson, William W.

Abstract

Grain hauling railroads began offering shipping alternatives in the late 1980s that have made transportation decisions more strategic. Shippers now confront alternatives ranging from nearby and unguaranteed ordering to various durations of forward and guaranteed shipment. A dynamic stochastic simulation model was developed to analyze grain shipping and merchandising strategies that integrate these alternatives.

Suggested Citation

  • Priewe, Steven R. & Wilson, William W., 1997. "Forward Shipping Options For Grain By Rail: A Strategic Risk Analysis," Agricultural Economics Reports 23414, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaer:23414
    DOI: 10.22004/ag.econ.23414
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    1. Allen, W. Bruce & Mahmoud, Mohamed M. & McNeil, Douglas, 1985. "The importance of time in transit and reliability of transit time for shippers, receivers, and carriers," Transportation Research Part B: Methodological, Elsevier, vol. 19(5), pages 447-456, October.
    2. Baumel, C. Phillip & Van Der Kamp, Jerry, 1996. "Major Changes in Grain Car Ownership Will Require Shippers to Consider Options," Staff General Research Papers Archive 11891, Iowa State University, Department of Economics.
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    5. Anderson, Scott & Vachal, Kimberly, 1995. "North Dakota Grain and Oilseed Transportation Statistics 1994-95," UGPTI Report 231857, North Dakota State University, Upper Great Plains Transportation Institute.
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    7. Baumel, C. Phillip & Van Der Kamp, Jerry, 1996. "Major Changes in Grain Car Ownership Will Require Shippers to Consider Options," Staff General Research Papers Archive 11894, Iowa State University, Department of Economics.
    8. Pautsch, Gregory Roy, 1995. "An economic investigation into railroad pricing and car allocation programs," ISU General Staff Papers 1995010108000011708, Iowa State University, Department of Economics.
    9. Milgrom, Paul, 1989. "Auctions and Bidding: A Primer," Journal of Economic Perspectives, American Economic Association, vol. 3(3), pages 3-22, Summer.
    10. Busch, Dean & Vachal, Kimberly, 1993. "North Dakota Grain and Oilseed Transportation Statistics 1992-93," UGPTI Report 231855, North Dakota State University, Upper Great Plains Transportation Institute.
    11. Anderson, Scott & Young, Dave & Vachal, Kimberly, 1994. "North Dakota Grain and Oilseed Transportation Statistics 1993-94," UGPTI Report 231856, North Dakota State University, Upper Great Plains Transportation Institute.
    12. Leapoldt, Don & Zink, Daniel L., 1991. "North Dakota Grain and Oilseed Transportation Statistics 1990-91," UGPTI Report 231851, North Dakota State University, Upper Great Plains Transportation Institute.
    13. Wilson, Robert, 1997. "Nonlinear Pricing," OUP Catalogue, Oxford University Press, number 9780195115826.
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    Cited by:

    1. Scheresky, Gwen & Wilson, William W. & Bullock, David W., 2021. "Spatial and Logistical Competition for Shipments to China from the United States and Brazil," AE Series 320807, North Dakota State University, Department of Agribusiness and Applied Economics.
    2. Prentice, Barry E. & Wilson, William W., 1998. "Future Transportation Developments In The U.S./Canada/Mexico Grains-Livestock Subsector Under Nafta And Wto," Proceedings of the 4th Agricultural and Food Policy Systems Information Workshop 1998: Economic Harmonization in the Canadian\U.S.\Mexican Grain-Livestock Subsector; 16766, Farm Foundation, Agricultural and Food Policy Systems Information Workshops.
    3. Wilson, William W. & Dahl, Bruce L., 2000. "Import Tenders And Bidding Strategies In Wheat," Agricultural Economics Reports 23285, North Dakota State University, Department of Agribusiness and Applied Economics.
    4. William W. Wilson & Bruce L. Dahl, 2000. "Logistical Strategies and Risks in Canadian Grain Marketing," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 48(2), pages 141-160, July.
    5. Wilson, William W. & Diersen, Matthew A., 2001. "Competitive Bidding On Import Tenders: The Case Of Minor Oilseeds," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(1), pages 1-16, July.
    6. Iddrisu Awudu & William Wilson & George Baah & Vinay Gonela & Mariama Yakubu, 2024. "Revenue maximization and pricing: an ethanol supply chain and logistical strategy perspectives," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 23(1), pages 62-75, February.
    7. Wilson, Wesley W. & Wilson, William W., 2001. "Deregulation, rate incentives, and efficiency in the railroad market," Research in Transportation Economics, Elsevier, vol. 6(1), pages 1-24, January.
    8. Wilson, William W., 1998. "U.S. Grain Handling And Transportation System: Factors Contributing To The Dynamic Changes In The 1980s And 1990s," AE Series 23081, North Dakota State University, Department of Agribusiness and Applied Economics.
    9. Wilson, William W. & Dahl, Bruce L., 1998. "Reciprocal Access In U.S./Canadian Grain Trade: Background Issues For The U.S. Grain Trade," AE Series 23085, North Dakota State University, Department of Agribusiness and Applied Economics.
    10. Friesz, Terry L. & Mookherjee, Reetabrata & Yao, Tao, 2008. "Securitizing congestion: The congestion call option," Transportation Research Part B: Methodological, Elsevier, vol. 42(5), pages 407-437, June.
    11. Wilson, Wesley W. & Wilson, William W., 1998. "Deregulation And Innovation In Railroad Shipping Of Agricultural Commodities: 1972-1995," AE Series 23090, North Dakota State University, Department of Agribusiness and Applied Economics.
    12. Vachal, Kimberly & Bitzan, John, 2000. "The Long-Term Availability of Railroads Services for U.S. Agriculture," UGPTI Department Publication 231803, North Dakota State University, Upper Great Plains Transportation Institute.

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    Crop Production/Industries; Marketing;

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