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Sensitivity of Plant Location Solutions to Changes in Raw Product Supplies

Author

Listed:
  • McCarthy, W.O.
  • Ferguson, D.C.
  • Cassidy, P.A.

Abstract

A method is outlined to test the stability of a plant location solution to changes in regional production. Supplies are generated within a probabilistic framework and used as input data for the usual otherwise static model. This approach also yields additional information on the probability of actual plant throughput exceeding designed throughput. Such types of information further assist policy decisions.

Suggested Citation

  • McCarthy, W.O. & Ferguson, D.C. & Cassidy, P.A., 1971. "Sensitivity of Plant Location Solutions to Changes in Raw Product Supplies," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 39(03), pages 1-7, September.
    • Handle: RePEc:ags:remaae:9579
    DOI: 10.22004/ag.econ.9579
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    References listed on IDEAS

    as
    1. Richard H. Day, 1965. "Probability Distributions of Field Crop Yields," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(3), pages 713-741.
    2. Ferguson, D.C. & McCarthy, W.O., 1970. "A Spatial Analysis Approach to Size and Location of Australian Wool Selling Centres," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 38(04), pages 1-14, December.
    3. Weinschenck, G. & Henrichsmeyer, Wilhelm & Aldinger, F., 1969. "The Theory of Spatial Equilibrium and Optimal Location in Agriculture: A Survey," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 37(01), pages 1-68, March.
    4. George W. Ladd & M. Patrick Halvorson, 1970. "Parametric Solutions to the Stollsteimer Model," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 52(4), pages 578-580.
    5. Cassidy, P.A. & Rodgers, J.L. & McCarthy, W.O., 1970. "A Simulation Approach to Risk Assessment in Investment Analysis," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 38(01), pages 1-22, March.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Agribusiness; Industrial Organization;

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