Table 1: Definition of parameters (inputs) used for risk models.
 Parameters Vendors Processors Stockers 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}) Storage — Risk 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.