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Agricultural and Resource Economics Review >
Volume 23, Number 1, April 1994 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/31312
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| Title: | A STRATEGIC AGRICULTURAL PRODUCTION MODEL WITH RISK AND RETURN CONSIDERATIONS |
| Authors: | Aull-Hyde, Rhonda L.
Tadesse, Solomon |
| Issue Date: | 1994-04 |
| Abstract: | Decision support systems are generally geared to short-term tactical decision making. As an alternative, this paper develops a mathematical programming model to evaluate long-term strategic alternatives in the context of farm-level agricultural production where a broiler farm considers long-term implications of diversification into commercial aquaculture. The model considers a ten-year strategic planning horizon, incorporates financial risk and return considerations, and accommodates capacity variations. Results indicate that a diversification strategy significantly increases farm profitability over a strategic planning horizon while simultaneously maintaining financial risk below a predetermined tolerance level and return on investment above a predetermined level. |
| URI: | http://purl.umn.edu/31312 |
| Institution/Association: | Agricultural and Resource Economics Review>Volume 23, Number 1, April 1994 |
| Total Pages: | 10 |
| Language: | English |
| Journal Issue : | Agricultural and Resource Economics Review |
| Journal Volume: | 23 |
| Journal Date: | April 1994 |
| From Page: | 37 |
| To Page: | 46 |
| Collections: | Volume 23, Number 1, April 1994
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| 23010037.pdf | 881Kb | PDF | View/Open |
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