Describing and Identifying the Complete Set of Target Motad Solutions

F. P. McCamley and James Kliebenstein

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: For some Target MOTAD applications, only enterprise mixtures associated with a single target level are of interest. However, in most cases knowledge of other Target MOTAD enterprise mixtures provides useful information. The complete set of Target MOTAD enterprise mixtures is the union of a finite number of closed convex subsets. It can be identified by parametric programming. For well-behaved problems, only two parameters, target income level (T) and expected deviations (λ), need to be varied to identify the set of Target MOTAD mixtures. Data from a problem by Hazell are used to illustrate this technique.

Date: 1987-08-01
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Published in American Journal of Agricultural Economics, August 1987, vol. 69 no. 3, pp. 669-676

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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:10625

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