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| Cassidy, P.A.; Rodgers, J.L.; McCarthy, W.O.. |
| A simulation technique is advanced as a means of determining the probability of achieving various possible financial outcomes when assessing alternative investments. To this end a model is constructed and applied to a proposed investment in pasture improvement. Results are contrasted with a deterministic budget approach. The model uses triangular distributions to derive probabilistic estimates for the stochastic events considered. Possible fields of application of interest to agricultural economists are discussed. |
| Tipo: Journal Article |
Palavras-chave: Financial Economics; Risk and Uncertainty. |
| Ano: 1970 |
URL: http://purl.umn.edu/9614 |
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| Cassidy, P.A.; McCarthy, W.O.; Toft, H.I.. |
| The objective of this study is to define in the cost minimizing sense the optimum size and location for beef slaughter plants in the Eastern Central Queensland region. The plant location model used for this purpose is a modified transhipment formulation. It is applied to both a long run unlimited capacity case and a short run limited capacity case. The analysis indicates that for both cases production-area oriented slaughter minimizes costs. Sensitivity testing of the stability of the solution is outlined. |
| Tipo: Journal Article |
Palavras-chave: Industrial Organization. |
| Ano: 1970 |
URL: http://purl.umn.edu/22816 |
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| Cassidy, P.A.; Kilminster, J.C.. |
| Radical wool marketing changes are mooted by the Australian Wool Corporation. While these intentions include wide ranging increases in market power for this supreme marketing authority, the overall proposals in their entirety, are argued as necessary to operationalize newly available wool selling and handling innovations. Supporting empirical evidence on the gains from adopting these innovations relies on spatial equilibrium models not fully in accord with the economic theory on which they are based. This paper sets out the shortcomings of these back-up studies. Based on a reconsideration of the theoretical premises, counter policy measures are advanced for consideration. |
| Tipo: Journal Article |
Palavras-chave: Marketing. |
| Ano: 1974 |
URL: http://purl.umn.edu/7298 |
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