A Bilevel Stochastic Dynamic Programming Model to Assess the Value of Information on Actual Food Quality at Wholesale Markets

Table 6

Comparisons of different policies.

	Optimal policy; (private-info)		heuristic; (% of optimal policy)			heuristic; (% of optimal policy)
		Profit		Policy	% of optimal policy		Policy	% of optimal policy
0	0.8	4385.32	0.8		95.24	0.8	(3, 15-14-11)	97.34
1a	0.8	3602.92	0.8		93.84	0.8	(2, 16-12-9)	98.92
1b	0.8	5490.44	0.8		96.68	0.8	(3, 18-15-12)	99.00
2a	0.8	3277.53	0.7		92.01	0.7	(1, 13-13-10)	93.61
2b	0.9	5508.42	0.9		94.35	0.9	(2, 17-16-13)	94.66
3a	0.8	4445.22	0.8		93.86	0.8	(1, 15-13-9)	95.20
3b	0.8	4385.12	0.8		94.80	0.8	(2, 16-14-12)	96.91
4a	0.8	4203.88	0.8		93.50	0.8	(2, 15-13-12)	100.94
4b	0.8	4498.65	0.8		95.06	0.8	(2, 18-15-11)	95.19
5a	0.8	457.28	No profitable policy			0.8	(1, 13-12-11)	94.13
5b	0.8	9015.69	0.8		96.43	0.8	(3, 21-16-12)	97.37
6a	0.8	5400.04	0.8		97.18	0.8	(3, 16-15-14)	99.18
6b	0.8	3035.84	0.8		92.49	0.8	(1, 15-12-8)	98.64
7a	0.8	4437.72	0.8		94.11	0.8	(3, 15-14-11)	96.48
7b	0.8	4401.77	0.8		94.88	0.8	(3, 15-14-11)	96.69
8a	0.8	4849.45	0.8		95.41	0.8	(2, 16-15-11)	97.05
8b	0.8	4399.70	0.8		95.36	0.8	(3, 17-14-12)	96.37