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The Integrated Use Of Simulation And Stochastic Programming For Whole Farm Planning Under Risk

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  • Trebeck, David B.
  • Hardaker, J. Brian
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    Abstract

    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.

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    File URL: http://purl.umn.edu/22800
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    Bibliographic Info

    Article provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics.

    Volume (Year): 16 (1972)
    Issue (Month): 02 (August)
    Pages:

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    Handle: RePEc:ags:ajaeau:22800

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    Related research

    Keywords: Farm Management;

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Trebeck, David B., 1971. "Spatial Diversification by Beef Producers in the Clarence Region," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 39(03), September.
    2. K. D. Cocks, 1968. "Discrete Stochastic Programming," Management Science, INFORMS, vol. 15(1), pages 72-79, September.
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    Cited by:
    1. Mill, Stephen J. & Longworth, John W., 1975. "Stochastic-Computerized-Activity-Budgeting For Sheep Enterprises," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 19(02), August.
    2. Anderson, Jock R., 1972. "An Overview of Modelling in Agricultural Management," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 40(03), September.
    3. Patton, Dean A. & Milthorpe, P.L. & Wynne, M. & Honeysett, B.M., 2000. "Evaluation of forage shrub plantations as a drought preparedness strategy for landholders in the Central-west of NSW," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123716, Australian Agricultural and Resource Economics Society.
    4. Marshall, Graham R. & Parton, Kevin A. & Hammer, G.L., 1996. "Risk Attitude, Planting Conditions And The Value Of Seasonal Forecasts To A Dryland Wheat Grower," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 40(03), December.
    5. Nuthall, Peter L., 1980. "A Survey of Methods for Determining A Planning Horizon," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 48(01), April.
    6. Apland, Jeffrey & Kaiser, Harry M., 1984. "Discrete Stochastic Sequential Programming: A Primer," Staff Papers 13545, University of Minnesota, Department of Applied Economics.
    7. Behrendt, Karl & Cacho, Oscar J. & Scott, James M. & Jones, Randall E., 2009. "Bioeconomic analysis of fertiliser input costs on pasture resource management under climatic uncertainty," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 47628, Australian Agricultural and Resource Economics Society.
    8. Olson, Kent D. & Mikesell, Chris L., 1988. "The Range Stocking Decision And Stochastic Forage Production," Staff Papers 13502, University of Minnesota, Department of Applied Economics.
    9. Malcolm, Bill, 1990. "Fifty Years of Farm Management in Australia: Survey and Review," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 58(01), April.

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