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STRATEGIC AGRIBUSINESS OPERATION REALIGNMENT IN THE TEXAS PRISON SYSTEM 31
McCarl, Bruce A.; Rister, M. Edward; Ward, Ruby A.; Long, Charles R.; McCorkle, Dean A.; Ziari, Houshmand A.; Conner, J. Richard; Sturdivant, Allen W.; Thompson, Troy N..
Mathematical programming-based systems analysis is used to examine the consequences of alternative operation configuration for the agricultural operations within the Texas Department of Criminal Justice. Continuation versus elimination of the total operation as well as individual operating departments are considered. Methodology includes a firm systems operation model combined with capital budgeting and an integer programming based investment model. Results indicate the resources realize a positive return as a whole, but some enterprises are not using resources profitably. The integer investment model is found to be superior for investigating whether to continue multiple interrelated enterprises.
Tipo: Journal Article Palavras-chave: Agribusiness; Enterprise selection; Mathematical programming; Optimal enterprise organization; Agribusiness.
Ano: 2000 URL: http://purl.umn.edu/15404
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The Role of Goal Structure in Enterprise Selection in U.S. Agriculture 31
Mishra, Ashok K.; Gillespie, Jeffrey M..
Farmers are likely to be motivated by alternative goals besides profit maximization. Goal structure is highly influential in farmer enterprise selection decisions. This paper addresses the roles of goal structure, location, financial situation, and socio-demographic variables and their influence on farmers' farm enterprise selection decisions. This study uses the 2003 Agricultural Resource Management Survey (ARMS), a national farm-level data, and Tobit method to examine the impacts of goal structure and resource availability on enterprise choice. Results indicate that goal structure significantly influences enterprise selection. Farmers who indicated their primary reason for becoming a farm operator was to "Take over operation of the farm from a family...
Tipo: Conference Paper or Presentation Palavras-chave: Goal structure; Enterprise selection; Cattle farming; Crop production; Family farm; Real estate; Retirement activity; Outdoor activity; Farm Management.
Ano: 2007 URL: http://purl.umn.edu/34965
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Using alterative whole-farm modelling approaches to assess farm enterprise selection, risk and welfare 31
Komarek, Adam M.; MacAulay, T. Gordon.
Using an expected mean-variance model the changes in farm enterprise levels and indirect utility were examined under conditions of risk aversion, budget constraints and gross margin variance. An extension of the comparative statics of the expected mean-variance model was adopted by introducing a budget constraint into the constrained optimisation problem. A 10-year expected mean-variance whole-farm model was solved for a farm in the wheat-sheep zone of Australia to provide an empirical example. Results were obtained using no planning horizon (the static model) and then with a five-year rolling planning horizon (the dynamic model). In addition, enterprise levels were constrained to match levels observed on the farm so as to compare incomes between the...
Tipo: Conference Paper or Presentation Palavras-chave: Whole-farm modelling; Enterprise selection; Risk.; Farm Management; Q12; C61.
Ano: 2011 URL: http://purl.umn.edu/100574
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