IDEAS home Printed from https://ideas.repec.org/a/ags/wjagec/32538.html
   My bibliography  Save this article

Analyzing The Effect Of Changing Feed-Beef Price Relationships On Beef Production Management Strategies In Hawaii: A Dynamic Programming Approach

Author

Listed:
  • van Poollen, H. Walter
  • Leung, PingSun

Abstract

A dynamic programming approach was used to evaluate the effect of changing the feed input to product price relationship on the beef production management decision process. The dynamic programming model consists of nine submodels describing and analyzing the time-dependent beef production management decision process. The model incorporates biological functions and economic principles. Results clearly showed the importance of the feed-beef price relationships in management decision making. Optimal beef production management strategies were generally consistent with beef production management practices followed in Hawaii under those feed-beef price relationships.

Suggested Citation

  • van Poollen, H. Walter & Leung, PingSun, 1986. "Analyzing The Effect Of Changing Feed-Beef Price Relationships On Beef Production Management Strategies In Hawaii: A Dynamic Programming Approach," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 11(1), pages 1-9, July.
    • Handle: RePEc:ags:wjagec:32538
    DOI: 10.22004/ag.econ.32538
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/32538/files/11010106.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.32538?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. C. F. Meyer & R. J. Newett, 1970. "Dynamic Programming for Feedlot Optimization," Management Science, INFORMS, vol. 16(6), pages 410-426, February.
    2. Harry P. Mapp & Craig L. Dobbins, 1976. "Implications of Rising Energy Costs for Irrigated Farms in the Oklahoma Panhandle," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(5), pages 971-977.
    3. Happ, Harry P. Jr. & Dobbins, Craig L., 1976. "Implications Of Rising Energy Costs For Irrigated Farms In The Oklahoma Panhandle," 1976 Annual Meeting, August 15-18, State College, Pennsylvania 283910, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Brokken, Ray F. & O'Connor, Carl W. & Nordblom, Thomas L., 1980. "Costs of Reducing Grain Feeding of Beef Cattle," Agricultural Economic Reports 307887, United States Department of Agriculture, Economic Research Service.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shipley, John L. & Goss, Don W., 1978. "Impact Of Energy Cost On Irrigated Production: High Plains Of Texas," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 3(2), pages 1-12, December.
    2. Maddigan, Ruth J. & Chern, Wen S. & Gallagher, Colleen A., 1980. "Irrigation And The Demand For Electricity," 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois 278920, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Young, Kenneth B. & Coomer, Jerry M., 1979. "Projected Use Of Groundwater For Irrigation In The Texas High Plains," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 4(1), pages 1-10, July.
    4. Young, Kenneth B. & Coomer, Jerry M., 1980. "Effects of Natural Gas Price Increases on Texas High Plains Irrigation, 1976-2025," Agricultural Economic Reports 307879, United States Department of Agriculture, Economic Research Service.
    5. Susana MEJIA & Andres Ramirez HASSAN, 2016. "Determining the optimal selling time of cattle: A stochastic dynamic programming approach," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 62(11), pages 517-527.
    6. Bauer, L. & Mumey, G.A. & Lohr, W., 1989. "Economic Replacement Strategies for Dairy Cattle," Project Report Series 232069, University of Alberta, Department of Resource Economics and Environmental Sociology.
    7. Schraufnagel, Stanley Albert, 1983. "Livestock policy alternatives: national and interregional analysis," ISU General Staff Papers 198301010800008647, Iowa State University, Department of Economics.
    8. Throsby, C.D., 1973. "New Methodologies in Agricultural Production Economics: a Review," 1973 Conference, August 19-30, 1973, São Paulo, Brazil 181385, International Association of Agricultural Economists.
    9. Clark, John & Kumar, Santosh, 1978. "Planning Beef Production: An Application of Dynamic Programming," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 46(03), pages 1-12, December.
    10. Hertzler, Greg, 1988. "Dynamically Optimal And Approximately Optimal Beef Cattle Diets Formulated By Nonlinear Programming," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 13(1), pages 1-11, July.
    11. Garrod, Peter V. & Roberts, Roland K., 1983. "Choice Of Technology: The Case Of Grass Fed Versus Grain Fed Cattle In Hawaii," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 8(2), pages 1-12, December.

    More about this item

    Keywords

    Livestock Production/Industries;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:wjagec:32538. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/waeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.