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Applying Optimization to the Conservation Project Selection Process: A Case Study of Readiness and Environmental Protection Initiative AgEcon
Liu, Zhuo; Messer, Kent D.; Korch, Mary A.; Bounds, Thomas.
This study presents a thorough discussion of the efficiency and effectiveness improvement from optimization models (Binary Linear Programming and Goal Programming), as applied to the Department of Defense’s Readiness and Environmental Protection Initiative. The OM models can yield 21% and 19.1% higher benefit scores respectively, spending $13,013,473 and $31,463,473 less total acquisition costs. To achieve the same level of conservation benefits for the current rank based approach, the REPI would spend additional $20.1 million and approximate 50% of the budget. A counterpart of OM- the cost-effective analysis is observed to be inefficient when the problem becomes complex. In a real world of political environment of the conservation programs, we suggest a...
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy; C6; Q24.
Ano: 2011 URL: http://purl.umn.edu/103997
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Identifying Significant Characteristics of Organic Milk Consumers: A CART Analysis of an Artefactual Field Experiment AgEcon
Liu, Zhuo; Kanter, Christopher; Messer, Kent D.; Kaiser, Harry M..
The organic dairy category is one the fastest growing categories of organic production in the U.S. Organic milk consumers generally cite perceived health benefits and lower risk of food contamination, as well as perceived superior quality and low environmental impact of organic farming methods, as the major motivations for preference of organic over conventional milk. While the properties of organic milk that are valued by consumers are fairly well-known, there is more ambiguity regarding the demographic characteristics of the typical organic milk consumer. This research makes use of experimental data and utilizes a relatively novel non-parametric modeling approach, the CART analysis, in identifying how willingness to pay for organic milk varies with the...
Tipo: Conference Paper or Presentation Palavras-chave: Consumer/Household Economics.
Ano: 2011 URL: http://purl.umn.edu/104020
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