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Estimating utility functions of Greek dairy sheep farmers: A multicriteria mathematical programming approach

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  • Rozakis, Stelios
  • Sintori, Alexandra
  • Tsiboukas, Konstantinos

Abstract

Mathematical programming models are commonly used to approach decision making in livestock farms. The majority of these models assume gross margin maximisation as the sole objective of farmers. In this study an alternative multicriteria model is built to test the hypothesis of the multiplicity of the objectives of Greek sheep farmers. A farm typology is constructed to account for diversified farm structures and a non-interactive methodology is used to elicit the utility function of farmers. The results of the analysis indicate that the multicriteria model allows for a better representation of the farms, compared to the gross margin maximisation model.

Suggested Citation

  • Rozakis, Stelios & Sintori, Alexandra & Tsiboukas, Konstantinos, 2012. "Estimating utility functions of Greek dairy sheep farmers: A multicriteria mathematical programming approach," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 13(1), pages 1-10.
    • Handle: RePEc:ags:aergaa:253502
    DOI: 10.22004/ag.econ.253502
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    2. Zenebe Gebreegziabher & Kooten, G. Cornelis van, 2016. "Single versus Multiple Objective(s) Decision Making: An Application to Subsistence Farms in Northern Ethiopia," Ethiopian Journal of Economics, Ethiopian Economics Association, vol. 24(2), August.

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