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Strategic Agribusiness Operation Realignment In The Texas Prison System

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Listed:
  • 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.

Abstract

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.

Suggested Citation

  • 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., 2000. "Strategic Agribusiness Operation Realignment In The Texas Prison System," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(1), pages 1-14, April.
    • Handle: RePEc:ags:joaaec:15404
    DOI: 10.22004/ag.econ.15404
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    References listed on IDEAS

    as
    1. H. Martin Weingartner, 1966. "Capital Budgeting of Interrelated Projects: Survey and Synthesis," Management Science, INFORMS, vol. 12(7), pages 485-516, March.
    2. Stephen W. Fuller & Paul Randolph & Darwin Klingman, 1976. "Optimizing Subindustry Marketing Organizations: A Network Analysis Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(3), pages 425-436.
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