Data/hora: 02/06/2024 06:25:53

Provedor de dados: | 31
País: | United States
Título: | AN APPLICATION OF SAFETY-FIRST PROBABILITY LIMITS IN A DISCRETE STOCHASTIC FARM MANAGEMENT PROGRAMMING MODEL
Autores: | Hatch,   L. Upton; Atwood,   Joseph A.; Segar,   James.
Data: | 2003-03-14
Ano: | 1989
Palavras-chave: | Farm Management.
Resumo: | A sequential decision-making model was developed, and data from farm-raised catfish production were used to demonstrate its use. Outcomes of sequences of decisions which satisfied chance constraints on ending cash balances were traced through a specified time period. Discrete choice variables were specified due to the fixed nature of pond facilities. Recourse actions specified were sale of production in excess of endogenously determined transfer levels or purchase of inputs to supplement needs of the next production stage. Production activities cannot be changed during the planning period. Only yield variability was considered due to its impact on relative competitiveness among growth stages. Deviations were calculated from endogenously determined target levels based on goal and probability limits.
Tipo: | Journal Article
Idioma: | Inglês

Identificador:

7701

http://purl.umn.edu/30168

Editor: | AgEcon Search
Relação: | Southern Journal of Agricultural Economics&gt;Volume 21, Number 01, July 1989

Formato:

8

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