William Wilson - Thesis Committee
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Recent Submissions
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Real Option Analysis of Primary Rail Contracts in Grain Shipping
(North Dakota State University, 2017)Grain shipping for a country elevator involves many sources of risk and uncertainty. In response to these dynamic challenges faced by shippers, railroad carriers offer various types of forward contracting instruments and ... -
Optimization of Soybean Buying Strategies Using Derivatives
(North Dakota State University, 2017)The portfolio model of hedging framework, based off Markowitz (1952), is used to determine the best mix of futures, basis, and option contracts to hedge a soybean purchase from PNW 28 weeks in to the future. Eighteen options ... -
Valuation of Licensing Agreements in Agriculture Biotechnology
(North Dakota State University, 2016)As demand for agricultural commodities expands throughout the world, competitors are finding it advantageous to form strategic partnerships. Firms seek to collaborate in an organized effort to advance technology as quickly ... -
Rail Car Trip Transit Time and the Effects on Grain Trading Company Profits
(North Dakota State University, 2016)This examines the logistic process of a grain trading company, and how logistics affect profits. Trip transit time is the amount of times a shuttle train moves back and forth from an elevator and a destination. In the years ... -
Hedging Default and Price Risks in Commodity Trading
(North Dakota State University, 2016)Many risk factors exist in the commodity markets, especially those related to price and quantity. Recently, the risk of counterparty default has been increasing. The purpose of this study is to develop a portfolio-hedging ... -
The Risks Associated with Barley Production in North Dakota
(North Dakota State University, 2016)The market for barley has shifted from a demand for exports and livestock feed, to a demand for human food and alcohol production. Due to the crop qualities required for malting in the alcohol industry, barley is perceived ... -
Costs and Risks of Testing and Blending for EAA in Soybeans
(North Dakota State University, 2015)Soybean quality is typically measured by protein values. Essential Amino Acids (EAA) and Critical Amino Acid Value (CAAV) provide alternative measures of valuing soybeans. The following thesis analyzes the effects of testing ... -
A Multivariate Approach to Forecasting Dairy Imports
(North Dakota State University, 2014)The global economy is becoming more connected with every passing year. Developing countries continue to lift themselves out of poverty and their markets are hungry for the opportunity to trade goods with nations all over ... -
The Impact of the Panama Canal Expansion on U.S. Soybean Exports
(North Dakota State University, 2014)The objective of this study was to evaluate the impact of the Panama Canal Expansion on the flow of soybeans from producing regions in the U.S. to its ports for export. Specific objectives of this study were to determine ... -
Estimating U.S. Residential Demand for Fuelwood in the Presence of Selectivity
(North Dakota State University, 2014)Residential energy consumers have options for home heating. With many applications, appliances, and fuel types, fuelwood used for heating faces stiff competition in modern society from other fuels. This study estimates ... -
A Historical Analysis of Natural Gas Demand
(North Dakota State University, 2014)This thesis analyzes demand in the US energy market for natural gas, oil, and coal over the period of 1918-2013 and examines their price relationship over the period of 2007-2013. Diagnostic tests for time series were used; ... -
Structural Changes in North American Fertilizer Logistics
(North Dakota State University, 2014)Nitrogen-based fertilizer industry in United States is undergoing major changes the demand for which is primarily driven by agriculture. Traditionally, this industry sources anhydrous ammonia through imports from Canada ... -
Determining the Optimal Commodity and Hedge Ratio for Cross-Hedging Jet Fuel
(North Dakota State University, 2014)Airlines are exposed to risks in swings in the price of jet fuel. While there are many different options that they can use to hedge this risk, airlines often underutilize them. This study establishes the minimum variance ... -
Risk Management Strategies for Commodity Processors
(North Dakota State University, 2013)Recent years have witnessed an increase in agricultural commodity price volatility. This thesis analyzes different models to derive optimal hedge strategies for commodity processors, with two components addressed. One is ... -
Game Theory Approach to the Vertical Relationships for U.S. Containerized Imports
(North Dakota State University, 2013)Multi-player interactions and vertical relationships in the U.S. containerized-import shipment market are investigated using game theory approaches. Bi-level programming problems (BLPP) are built to capture the hierarchy ... -
Switching Options: The Value of Flexibility Provided by Geographical Diversification
(North Dakota State University, 2014)The thesis develops a Monte Carlo simulation model with real options to value agricultural-commodity-trading firms' physical assets in relation to their existing networks of physical assets. The option value measured is ... -
Developing a Model to Value Germplasm Using Real Options
(North Dakota State University, 2013)With many varieties of germplasm being developed, it is imperative to the industry that firms decide on a valuation method. This need to include looking at traits of the germplasm, the risk and uncertainty of expected ... -
Intermarket Trading Strategies and Risk
(North Dakota State University, 2013)The purpose of this thesis is to research methods that will be used to discover the profitability and risk of spatially arbitraging soybeans. A portfolio is used to analyze trading strategies, and the dependence measures ...
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