A policy analysis of the United States vegetable oilseeds, oils, and oil products industry with special emphasis on optimal control

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dc.contributor.authorLamm, Ray McFallen
dc.contributor.committeechairJohnson, Joseph M.en
dc.contributor.committeememberKline, Ralph G.en
dc.contributor.committeememberHavlicek, Joseph Jr.en
dc.contributor.committeememberBoehm, William T.en
dc.contributor.committeememberKenyon, David E.en
dc.contributor.departmentAgricultural Economicsen
dc.date.accessioned2014-03-14T21:16:12Zen
dc.date.adate2010-07-15en
dc.date.available2014-03-14T21:16:12Zen
dc.date.issued1977-07-05en
dc.date.rdate2010-07-15en
dc.date.sdate2010-07-15en
dc.description.abstractThe objectives of the study were to develop a discrete dynamic model to explain the duality of supply flows from production and inventory-stocks, to specify a monthly sectoral model of the United States vegetable oilseeds, oils, and oil products industry, to analyze policy alternatives using simulation, and to evaluate the potential of optimal control theory for stabilizing prices in the industry. A theoretical model of consumer and producer behavior was developed which, following optimization and aggregation, yielded a 4 equation simultaneous representation of a general market system. On the basis of the theoretical model an empirical model of the industry was constructed which included 4 sub-models, each simultaneous or block simultaneous in structure. The first sub-model consisted of 14 equations and included the final products of the industry--cooking oil, shortening, ma.rgarine, and peanut butter. The second industry sub-model consisted of 17 equations and included the markets for finished soybean oil, semi-finished soybean oil, soybeans, and soybean meal. The third industry sub-model consisted of 18 equations and included the markets for finished and semi-finished cottonseed oil, peanut oil, and peanuts. The fourth sub-model consisted of 10 equations and included the markets for palm and coconut oil. Each sub-model was estimated using OLS or 3SLS. The data base consisted of 136 observations covering the period January 1965 to April 1976.en
dc.description.degreePh. D.en
dc.format.extentvii, 261 leavesen
dc.format.mediumBTDen
dc.format.mimetypeapplication/pdfen
dc.identifier.otheretd-07152010-020341en
dc.identifier.sourceurlhttp://scholar.lib.vt.edu/theses/available/etd-07152010-020341/en
dc.identifier.urihttp://hdl.handle.net/10919/38814en
dc.language.isoenen
dc.publisherVirginia Techen
dc.relation.haspartLD5655.V856_1977.L35.pdfen
dc.relation.isformatofOCLC# 40262420en
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectsupply flow - seed oilsen
dc.subject.lccLD5655.V856 1977.L35en
dc.titleA policy analysis of the United States vegetable oilseeds, oils, and oil products industry with special emphasis on optimal controlen
dc.typeDissertationen
dc.type.dcmitypeTexten
thesis.degree.disciplineAgricultural Economicsen
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen
thesis.degree.leveldoctoralen
thesis.degree.namePh. D.en

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