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Systems-Simulation in a Practical Policy-Making Setting: The Venezuelan Cattle Industry

S. F. Miller and A. N. Halter

American Journal of Agricultural Economics, 1973, vol. 55, issue 3, 420-432

Abstract: Shifting the Venezuelan cattle industry from traditional to modern production is the problem of formulating policy at the federal government level. A systems-simulation model shows the consequences, through time, of the current set of policies and hypothesizes the consequences of other policy alternatives. Validity of the model was established, on the basis of the decision-maker's criterion, through a game of hide-and-go-seek. Interaction between the researchers and decision-makers brought together the relevant positive and normative information before a policy was established.

Date: 1973
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