000123762 001__ 123762
000123762 005__ 20180122221144.0
000123762 037__ $$a410-2016-25652
000123762 041__ $$aen_US
000123762 245__ $$aThe Optimal Season Length for a Sugar Mill in the Australian Sugar Industry
000123762 260__ $$c1999-01
000123762 269__ $$a1999-01
000123762 270__ $$mr.beard@mailbox.uq.edu.au$$pBeard,   Rodney
000123762 270__ $$mmalcolm.wegener@mailbox.uq.edu.au$$pWegener,   Mal
000123762 300__ $$a9
000123762 336__ $$aConference Paper/ Presentation
000123762 520__ $$aIn this paper we present a model of the optimal crushing season length for sugar
cane. The approach taken is to view the optimal season length problem as an optimal
stopping problem for both the Mill and a representative grower. We formulate the optimal
stopping problems for both Mill and grower based on \real option" theory using Ito
calculus. Because the interests of the Mill and growers do not coincide this results in a
stochastic differential game of optimal stopping. We solve the model numerically using a finite difference algorithm.
000123762 542__ $$fLicense granted by Elizabeth Hilber (hilb0033@umn.edu) on 2012-05-22T16:45:07Z (GMT):

<center>  <h2> Deposit Agreement </h2> </center>
I represent that I am the creator of the digital material identified herein (&ldquo;Work&rdquo;).
I represent that the work is original and that I either own all rights of copyright 
or have the right to deposit the copy in a digital archive such as AgEcon Search. 
I represent that in regard to any non-original material included in the Work I have
secured written permission of the copyright owner (s) for this use or believe this 
use is allowed by law. I further represent that I have included all appropriate 
credits and attributions. I hereby grant the Regents of the University of Minnesota
(&ldquo;University&rdquo;), through AgEcon Search, a non-exclusive right to access, reproduce, 
and distribute the Work, in whole or in part, for the purposes of security, preservation,
and perpetual access. I grant the University a limited, non-exclusive right to make
derivative works for the purpose of migrating the Work to other media or formats in
order to preserve access to the Work. I do not transfer or intend to transfer any 
right of copyright or other intellectual property to the University. If the Deposit 
Agreement is executed by the Author�s Representative, the Representative shall separately
execute the following representation: I represent that I am authorized by the Author
to execute this Deposit Agreement on behalf of the Author.

000123762 650__ $$aProduction Economics
000123762 6531_ $$aSugarcane Harvesting
000123762 6531_ $$aSeasonality
000123762 6531_ $$aReal Option Theory
000123762 6531_ $$aOptimal Stopping
000123762 6531_ $$aIto
Calculus
000123762 6531_ $$aStochastic Differential Games.
000123762 700__ $$aBeard, Rodney
000123762 700__ $$aWegener, Malcolm K.
000123762 8564_ $$s185802$$uhttps://ageconsearch.umn.edu/record/123762/files/Beard.pdf
000123762 887__ $$ahttp://purl.umn.edu/123762
000123762 909CO $$ooai:ageconsearch.umn.edu:123762$$pGLOBAL_SET
000123762 912__ $$nSubmitted by Elizabeth Hilber (hilb0033@umn.edu) on 2012-05-22T16:49:35Z
No. of bitstreams: 1
Beard.pdf: 185802 bytes, checksum: db957b60c99c37dbf61b5f347dc13469 (MD5)
000123762 912__ $$nMade available in DSpace on 2012-05-22T16:49:37Z (GMT). No. of bitstreams: 1
Beard.pdf: 185802 bytes, checksum: db957b60c99c37dbf61b5f347dc13469 (MD5)
  Previous issue date: 1999-01
000123762 982__ $$gAustralian Agricultural and Resource Economics Society>1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand
000123762 980__ $$a410