Calf Retention And Production Decisions Over Time
Ranch 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.
Volume (Year): 14 (1989)
Issue (Month): 01 (July)
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- Garoian, Lee & Conner, J. Richard & Scifres, C.J., 1987. "A Discrete Stochastic Programming Model To Estimate Optimal Burning Schedules On Rangeland," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 19(02), December.
- 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.
- Garoian, L. & Conner, J. R. & Scifres, C. J., 1987. "A Discrete Stochastic Programming Model to Estimate Optimal Burning Schedules on Rangeland," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 19(02), pages 53-60, December.