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A non-linear mathematical farm business optimisation model, that is set within a spatial economic framework, has been developed. The model incorporates factors such as location, spatial market orientation and technology use, and identifies the business strategy that is optimal in different...
Persistent link: https://www.econbiz.de/10009203293
Traditionally the definition and analysis of household well-being has focused on the main economic measures of income and wealth. However, there is now an increased interest within the wider economic literature in exploring those measures which contribute to household well-being which can extend...
Persistent link: https://www.econbiz.de/10010918742
This paper describes how representative farm business models were employed to identify optimal beef and sheep production systems for Less Favoured Area (LFA) farms in Northern Ireland. The bio-economic models identify the optimal farming system for theses farms under various market and policy...
Persistent link: https://www.econbiz.de/10004964523