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| Trebeck, David B.. |
| A simulation model was constructed to ascertain the extent of benefits from spatial diversification when an intensive form of use is assumed for the additional (alluvial) land. Although expected profit increased and coefficient of variation decreased, the return to additional capital was only 2.7 per cent. Spatial diversification successfully overcomes winter-spring feed uncertainties, but appears economically doubtful under present assumptions. Some alternatives and modifications are suggested which, although untested, might improve the economics of diversification. |
| Tipo: Journal Article |
Palavras-chave: Livestock Production/Industries. |
| Ano: 1971 |
URL: http://purl.umn.edu/9576 |
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| Trebeck, David B.; Hardaker, J. Brian. |
| Methods of whole-farm planning under risk are briefly reviewed, noting especially associated operational problems. A planning problem relating to spatial diversification of beef production in the Clarence region of N.S.W. is investigated using a model comprising both simulation and linear programming components. It is concluded that such composite models are valuable for the analysis of sequential stochastic decision processes not presently amenable to solution by stochastic programming alone. |
| Tipo: Journal Article |
Palavras-chave: Farm Management. |
| Ano: 1972 |
URL: http://purl.umn.edu/22800 |
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