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A sequential decision-making model was developed, and data from farm-raised catfish production were used to demonstrate its use. Outcomes of sequences of decisions which satisfied chance constraints on ending cash balances were traced through a specified time period. Discrete choice variables...
Persistent link: https://www.econbiz.de/10005320186
Although annual rainfall in the Southeast is adequate, its distribution is a potential constraint to agricultural production. Farmers require production information concerning efficient use of irrigation technology adapted to regional growing conditions. Selection of optimal position, size, and...
Persistent link: https://www.econbiz.de/10005320225
Conservation initiatives in the 1985 Farm Bill affected farmers' decisions regarding soil conservation. A farmer survey was conducted and a multiperiod mixed-integer programming model was developed to determine an optimal farm plan with choice of crop-tillage combinations and land retirement....
Persistent link: https://www.econbiz.de/10005041239