Calf Retention And Production Decisions Over Time
AbstractRanch production and marketing decisions occur sequentially over time as uncertainty regarding future events is resolved. The model developed in this paper explicitly considers the sequential nature of ranch decision making in determining optimal strategies for calf retention and production. A number of optimal decisions are reported for each period, conditional upon the state of nature and expected future events at that decision node. Solutions are found to be dependent on observed and expected output prices.
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Bibliographic InfoArticle provided by Western Agricultural Economics Association in its journal Western Journal of Agricultural Economics.
Volume (Year): 14 (1989)
Issue (Month): 01 (July)
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