On the Use of Alternative Objective Functions in Multiperiod Programming Models

A particular objective function generally cannot represent the goals of all farmers. This paper examines interelationships among alternative objective functions frequently used in multiperiod programming models. It is found that the terminal~net~worth or salvage~value~including~net4 presentuvalue objective function yields substantially different and more growth~oriented results than does the salvage~value~excluding~net~present~value objective function.


Issue Date:
Aug 02 1987
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/269983
Language:
English
Total Pages:
17




 Record created 2018-03-27, last modified 2018-03-27

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