To investigate contract stability in the company and farmer mode and to explore control measures of market price risk and production risk,a multiperiod game model was established in this study.Considering multiple per...To investigate contract stability in the company and farmer mode and to explore control measures of market price risk and production risk,a multiperiod game model was established in this study.Considering multiple periods and losses caused by deaths simultaneously,a stable contract price interval depending on the breaching penalty,transaction cost,spot market price,and quantity of pigs was observed.Results indicate that the higher the penalty and transaction cost savings,the better the stability of the contract;the contract price should be negotiated around the weighted average of the spot market price.When the production risk is higher,hog insurance can significantly improve the contract stability;when the market price is lower,hog price index insurance improves the contract stability by guaranteeing the company income;when the market price is higher,the profit-returning mechanism improves the stability by protecting farmers incomes.Applying three measures simultaneously results in the best stability.Examples based on data from 2014 to 2018 in Henan Province,China,were given.展开更多
This paper is devoted to studying the uniqueness and existence of the system dynamic solution by using C0-semigroup theory and discussing its exponential stability by analyzing the spectrul distribution of system oper...This paper is devoted to studying the uniqueness and existence of the system dynamic solution by using C0-semigroup theory and discussing its exponential stability by analyzing the spectrul distribution of system operator and its quasi-compactness. Some primary reliability indices are discussed with the eigenfunction of system operator and the optimal vacation time to get the maximum system profit is analyzed at the end of paper.展开更多
基金The National Natural Science Foundation of China(No.72071039)Major Science and Technology Projects in Yunnan Province(No.202102AC080003)。
文摘To investigate contract stability in the company and farmer mode and to explore control measures of market price risk and production risk,a multiperiod game model was established in this study.Considering multiple periods and losses caused by deaths simultaneously,a stable contract price interval depending on the breaching penalty,transaction cost,spot market price,and quantity of pigs was observed.Results indicate that the higher the penalty and transaction cost savings,the better the stability of the contract;the contract price should be negotiated around the weighted average of the spot market price.When the production risk is higher,hog insurance can significantly improve the contract stability;when the market price is lower,hog price index insurance improves the contract stability by guaranteeing the company income;when the market price is higher,the profit-returning mechanism improves the stability by protecting farmers incomes.Applying three measures simultaneously results in the best stability.Examples based on data from 2014 to 2018 in Henan Province,China,were given.
基金supported by the National Natural Science Foundation of China under Grant No.11001013
文摘This paper is devoted to studying the uniqueness and existence of the system dynamic solution by using C0-semigroup theory and discussing its exponential stability by analyzing the spectrul distribution of system operator and its quasi-compactness. Some primary reliability indices are discussed with the eigenfunction of system operator and the optimal vacation time to get the maximum system profit is analyzed at the end of paper.
