| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
AN APPLICATION OF SAFETY-FIRST PROBABILITY LIMITS IN A DISCRETE STOCHASTIC FARM MANAGEMENT PROGRAMMING MODEL
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| Autores: |
Hatch, L. Upton
Atwood, Joseph A.
Segar, James
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| Data: |
2003-03-14
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| Ano: |
1989
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| Palavras-chave: |
Farm Management
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| 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.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
7701
http://purl.umn.edu/30168
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| Editor: |
AgEcon Search
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| Relação: |
Southern Journal of Agricultural Economics>Volume 21, Number 01, July 1989
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| Formato: |
8
application/pdf
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