Maximizing profit in broiler production as prices change: A simple approximation with practical value

Mariano J. Gonzalez-Alcorta, Jeffrey Dorfman () and Gene M. Pesti
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Mariano J. Gonzalez-Alcorta: Department of Poultry Science, University of Georgia, Postal: Department of Poultry Science, University of Georgia
Gene M. Pesti: Department of Poultry Science, The University of Georgia., Postal: Department of Poultry Science, The University of Georgia.

Agribusiness, 1994, vol. 10, issue 5, 389-399

Abstract: Time-varying energy and protein levels in broiler feed raise profit considerably above feeding at constant levels. To accurately set profit-maximizing levels of feed ingredients, nonlinear biological response functions are employed. Nonlinear programming allows solution for optimal energy, protein, and ingredient levels for given prices, but may be too complex for industry-wide use. However, separable linear programming can approximate the optimal solution without significant loss of profit. Linear programming is common in broiler feed formulation, so producers can adopt this technique with existing technology. The potential increase in profits might well ensure the economic survival of marginal firms. ©1994 by John Wiley & Sons, Inc.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:10:y:1994:i:5:p:389-399

DOI: 10.1002/1520-6297(199409/10)10:5<389::AID-AGR2720100504>3.0.CO;2-I

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