On the Use of Alternative Objective Functions in Multiperiod Programming Models

Chandra M. Shrestha, David Debertin () and Kurt R. Anschel

No 269983, 1987 Annual Meeting, August 2-5, East Lansing, Michigan from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A particular objective function generally cannot represent the goals of all farmers. This paper examines interelationships among alternative objective functions frequently used in multiperiod programming models. It is found that the terminal~net~worth or salvage~value~including~net4 presentuvalue objective function yields substantially different and more growth~oriented results than does the salvage~value~excluding~net~present~value objective function.

Keywords: Agricultural and Food Policy; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 17
Date: 1987-08-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea87:269983

DOI: 10.22004/ag.econ.269983

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