|
|
|
|
|
| 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 |
| |
|
| |
|
|
| Ferguson, D.C.; McCarthy, W.O.. |
| This study is concerned with determining the number, size, and location of selling centres for Australian wool so that transport and selling charges are minimized. A plant location model incorporating transhipment assumptions was used. It was found that substantial cost savings could be made by rationalizing wool flows and establishing integrated selling centres. Of fourteen existing centres five were eliminated, and relative throughput at the remainder changed markedly. |
| Tipo: Journal Article |
Palavras-chave: Industrial Organization. |
| Ano: 1970 |
URL: http://purl.umn.edu/9603 |
| |
|
| |
|
|
| 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 |
| |
|
| |
|
|
| McCarthy, W.O.. |
| Production functions of one type or another have been well explored and widely discussed, no less in the literature of agricultural economics than elsewhere. A particularly fruitful area of application in farm economics is the quantification of the relationship between fertilizer inputs and crop output. In this context currently in Australia and New Zealand, more than passing interest is being devoted to problems of experimental design and subsequent interpretation of results. (1) Another problem area relates to the choice of the most appropriate type of function to use. This note examines possible relevant functions for crop fertilization experiments. Subsequently, a set of empirical data are fitted and the derivation of the more elementary economic... |
| Tipo: Journal Article |
Palavras-chave: Production Economics. |
| Ano: 1959 |
URL: http://purl.umn.edu/22537 |
| |
|
|
| Ferguson, D.C.; McCarthy, W.O.; Rodgers, J.L.. |
| A method is outlined which augments and modifies the Logan and King optimum solution of the processing plant location problem to give a number of near optimum solutions. Policy-makers can then consider jointly the comparative costs of alternative locations and their comparative noneconomic benefits. A Western Australian example involving the location of wool assembly and sampling centres is used to illustrate the method. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 1972 |
URL: http://purl.umn.edu/9650 |
| |
|
|
|
