@article{Zapata:229804,
      recid = {229804},
      author = {Zapata, Samuel D. and Ribera, Luis A. and Palma, Marco},
      title = {Effect of Production Parameters On the Economic  Feasibility of a Biofuel Enterprise},
      address = {2016},
      number = {1376-2016-109802},
      series = {Paper},
      pages = {22},
      year = {2016},
      abstract = {The optimal allocation of resources and efforts is needed  to fulfill the latest Renewable Fuel Standard mandate. In  order to warranty the success of the nascent  cellulose-based biofuel industry, it is crucial to better  understand the effects that production parameters have on  the economic feasibility of a biofuel enterprise. The main  goal of this study is to estimate the impact that the  different feedstock production and biofuel conversion  parameters have on the probability of economic success. To  this aim, an original stochastic financial model is  developed to analyze and identify the most economically  relevant components of the biofuel production path.  Estimation of the model was carried out using Monte Carlo  simulation techniques along with parametric maximum  likelihood estimation procedures. Results indicate that  operational efficiency strategies should concentrate on  improving feedstock yields and extending the feedstock  growing season.},
      url = {http://ageconsearch.umn.edu/record/229804},
      doi = {https://doi.org/10.22004/ag.econ.229804},
}