Research on optimal production decision for 'company + farmer' based on farmland leasing model

Jianjun Yu, Xiaoyong Huang and Kunye Lyu

International Journal of Inventory Research, 2018, vol. 5, issue 2, 99-111

Abstract: To study the problem of the optimal production decision of risk-neutral company and risk-averse farmer under the 'company + farmer' rental model, this paper is based on the traditional newsboy model from the perspective of supply chain coordination. By introducing a leasing model, the optimal production decision of supply chain is analysed in case of considering expected rents. For the case of considering the expected rent, the risk-averse farmer's production decision-making problem is discussed by introducing conditional value-at-risk (CVaR) and the conclusion is drawn that when facing the lower labour costs of agricultural products, the farmer can effectively avoid risks by using rental model under the 'company + peasant household'.

Keywords: farmland leasing mode; expect rents; conditional value-at-risk; CVaR; company + farmer. (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijires:v:5:y:2018:i:2:p:99-111

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