CALF RETENTION AND PRODUCTION DECISIONS OVER TIME

Ranch production and marketing decisions occur sequentially over time as uncertainty regarding future events is resolved. The model developed in this paper explicitly considers the sequential nature of ranch decision making in determining optimal strategies for calf retention and production. A number of optimal decisions are reported for each period, conditional upon the state of nature and expected future events at that decision node. Solutions are found to be dependent on observed and expected output prices.


Issue Date:
1989-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/32445
Published in:
Western Journal of Agricultural Economics, Volume 14, Number 1
Page range:
9-19
Total Pages:
11




 Record created 2017-04-01, last modified 2017-04-04

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