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| Aull-Hyde, Rhonda L.; Tadesse, Solomon. |
| Decision support systems are generally geared to short-term tactical decision making. As an alternative, this paper develops a mathematical programming model to evaluate long-term strategic alternatives in the context of farm-level agricultural production where a broiler farm considers long-term implications of diversification into commercial aquaculture. The model considers a ten-year strategic planning horizon, incorporates financial risk and return considerations, and accommodates capacity variations. Results indicate that a diversification strategy significantly increases farm profitability over a strategic planning horizon while simultaneously maintaining financial risk below a predetermined tolerance level and return on investment above a... |
| Tipo: Journal Article |
Palavras-chave: Production Economics. |
| Ano: 1994 |
URL: http://purl.umn.edu/31312 |
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