A decision support system (DSS) for price risk management in vegetable, China

Abstract

Vegetable industry plays a very important role in adjusting Agricultural structure and increasing farmers' income. But vegetable industry is characterized by a strong exposure to price risk, due to the increasingly volatility of vegetable price. Price volatility in vegetable markets has been wreaked havoc on the financial performance of producers and their customers. So it is important to develop decision aids that help manage the risks of the price fluctuate to vegetable growers and vegetable companies. A vegetable price risk management decision support system (DSS_PRM) was developed by China agricultural University. Based on questionnaire and interviews, we analyze the decision problems and user needs. Then the architecture and development of DSS_PRM were described. At last we discussed on problems we had encountered during development and promotion. © 2005 by International Federation for Information Processing.