Model to estimate prices of livestock transportation to auctions in Costa Rica
This investigation has the principal topic to propose a methodology for estimating the transport land prices of live cattle between auctions and farms, in order to know the price´s determinants, its importance and the correct economic way in which the price should be established. The information for this study was obtained through 51 semi-closed surveys applied to suppliers of the cattle transport service that attend the SCGUS, the cluster that was chosen for being the auction with the highest flow of cattle in the country. To determine the main variables that influence the estimation of the price, an MCO was developed using the R programming language, with the results of this model, proposed a methodology for estimating the trip´s price, and this model includes a minimum expected profit margin estimated using the CAPM (10,88%) and the VAT: 1%. Regarding OLS, the variables used were; number of animals, total cost, distance, travel time, vehicle age, variables that measure price elasticity. The recommended price per trip was estimated by using these 5 variables, Ke, VAT and an average estimated cost for each loading type.
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| Format: | Digital revista |
| Language: | spa |
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Escuela de Agronegocios, Tecnológico de Costa Rica
2022
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| Online Access: | https://revistas.tec.ac.cr/index.php/eagronegocios/article/view/6144 |
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| Summary: | This investigation has the principal topic to propose a methodology for estimating the transport land prices of live cattle between auctions and farms, in order to know the price´s determinants, its importance and the correct economic way in which the price should be established. The information for this study was obtained through 51 semi-closed surveys applied to suppliers of the cattle transport service that attend the SCGUS, the cluster that was chosen for being the auction with the highest flow of cattle in the country. To determine the main variables that influence the estimation of the price, an MCO was developed using the R programming language, with the results of this model, proposed a methodology for estimating the trip´s price, and this model includes a minimum expected profit margin estimated using the CAPM (10,88%) and the VAT: 1%. Regarding OLS, the variables used were; number of animals, total cost, distance, travel time, vehicle age, variables that measure price elasticity. The recommended price per trip was estimated by using these 5 variables, Ke, VAT and an average estimated cost for each loading type. |
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