Table 1: Definition of parameters (inputs) used for risk models.

ParametersVendorsProcessorsStockers

Price (selling)$Risk Triang (0.09, 0.11, 0.13)Risk Triang (5, 7, 10)Risk Triang (0.63, 1.05, 1.5)
Purchasing price$Risk Triang (0.06, 0.09, 0.11)Risk Triang (0.1, 0.15, 0.2)
Purchase sorted peanut*Risk Discrete ({0, 1}, {0.2, 0.8})Risk Discrete ({0, 1}, {0.21, 0.74})
Sorting* No (0), Yes (1)Risk Discrete ({0,1}, {0.91, 0.09})Risk Discrete ({0, 1}, {0.9, 0.1})Risk Discrete ({0, 1}, {0.60, 0.40})
StorageRisk Triang (0, 4, 8)Risk Triang (0, 3, 6)Risk Triang (0, 3, 7)
Sorting costs$Risk Triang (11, 13.75, 16.5)Risk Triang (0, 60.5, 120)Risk Triang (0.5, 2, 4)
Bagging costs$Risk Triang (4.5, 6.88, 9.5)
Transportation cost$Risk Triang (0.5, 0.75, 1)
Shelling cost$Risk Triang (26, 28.13, 30)Risk Triang (10, 12.5, 15)
Winnowing cost (1)$Risk Triang (0, 2.5, 5)
Frying cost$Risk Triang (20, 22.75, 25.5)
Winnowing cost (2)$Risk Triang (0.5, 1.8, 3)
Sorting cost (2)**$Risk Triang (2.5, 5, 7.5)
Milling cost$Risk Triang (27.5, 30.25, 33)
Conditionment cost$Risk Triang (32.5, 35.25, 38)
Treatment cost$Risk Triang (0, 2, 4.5)
Stocking cost$Risk Triang (0, 0.5, 1.5)

Based on survey report.
*Purchase sorted peanut stands for the decision made by market participant on purchasing sorted peanut (No = 0, Yes = 1).
*Sorting stands for the decision made by market participant on sorting peanut (No = 0, Yes = 1).
**Processors sort twice peanut before processing into butter.