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          Volume 14, Number 01, July 1989 >

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Authors: Lambert, David K.
Issue Date: 1989-07
Abstract: 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.
Institution/Association: Western Journal of Agricultural Economics>Volume 14, Number 01, July 1989
Total Pages: 11
Language: English
From Page: 9
To Page: 19
Collections:Volume 14, Number 01, July 1989

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