Farm Planning and Calf Marketing Strategies for Risk Management: An Application of Linear Programming and Statistical Decision Theory

摘要: Budgeting and linear programming (LP) techniques frequently have been used to evaluate the profitability of alternative management strategies for cowcalf producers. However, two deficiencies are apparent in much this literature. Although it is generally acknowledged that producers concerned about riskiness as well profit potential alternatives, relatively little attention has given forage cattle reduce risk. Forage quality also typically ignored. This oversight often results technically infeasible solutions because animal cannot eat enough obtain necessary nutrients (Whitson, Parks, Herd).