IDEAS home Printed from https://ideas.repec.org/a/cup/jagaec/v24y1992i02p183-196_01.html
   My bibliography  Save this article

A Stochastic Simulation Analysis of a Small-Scale Catfish Processing Plant

Author

Listed:
  • Branch, William
  • Tilley, Daniel S.

Abstract

Stochastic simulation was used to analyze revenues and costs for a small-scale catfish processing plant under various combinations of operating capacity utilization and price paid for live fish. The probability for a positive level of daily net income ranged from 11 to 100 percent depending on the price paid for live fish and level of operating capacity utilized. Daily average total cost per pound of live fish processed changed by 2.10 percent given a 10 percent change in live fish processed. Short-term cyclical patterns in revenues and costs suggest a need for financial planning to provide for possible year-end revenue shortfalls.

Suggested Citation

  • Branch, William & Tilley, Daniel S., 1992. "A Stochastic Simulation Analysis of a Small-Scale Catfish Processing Plant," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 24(2), pages 183-196, December.
    • Handle: RePEc:cup:jagaec:v:24:y:1992:i:02:p:183-196_01
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0081305200018495/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lyster, Thorbjorn, 2004. "What are the Economic Prospects of Developing Aquaculture in Queensland to Supply the Low Price White Fillet Market? Lessons from the US Channel Catfish Industry," Economics, Ecology and Environment Working Papers 51410, University of Queensland, School of Economics.

    More about this item

    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:cup:jagaec:v:24:y:1992:i:02:p:183-196_01. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/aae .

    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.