USING A MULTIPLE PRODUCT AND MULTIPLE INPUT APPROACH TO DAIRY PROFIT MAXIMIZATION: A SIMULATION USING OPERATIONS RESEARCH METHODS

Gregg Hadley, Stephen B. Harsh and Christopher Wolf ()

No 21569, 1999 Annual meeting, August 8-11, Nashville, TN from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Dairy producers generally take a single output/multiple input approach when making production decisions. Under component pricing, with large variance in individual component prices, a multiple output/multiple input approach maximizes profits. This paper applied our approach to the individual farm milk production decision.

Keywords: Livestock Production/Industries; Productivity Analysis (search for similar items in EconPapers)
Pages: 14
Date: 1999
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/21569/files/sp99ha01.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea99:21569

DOI: 10.22004/ag.econ.21569

Access Statistics for this paper

More papers in 1999 Annual meeting, August 8-11, Nashville, TN from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().