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9 Cards in this Set
- Front
- Back
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Define Marginal Price
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How much the price of an ingrediend will have to change before it is included in the formulation
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Opportunity Cost
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The current ingredent cost minus the marginal price change.
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Shadow Price
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The change in formulation cost with a one-unit change in nutrient specification.
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Parametric Analysis
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How much of a particular ingredient would be used if it wwere available at various costs.
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Optimum Density
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Allows nutrient use to be specified in terms of the energy content of the diet
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Define Nutrient Factoring
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Several nutrients are "tied together" by a common factor.
-- Phosphorus can be linked to the Calcium specification for the diet |
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Define Multi-blending
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Formulating multiple diets at the same time
-- Useful when certian ingredients are available in only limited quanties |
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Define Safety Margins
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Nutrient "FUDGE FACTORS" to provide insurance against ingredient variability.
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Define Stochastic Programming
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A technique that incorporates nutrients variability into the least-cost solution
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