Showing 1 - 2 of 2
This paper reviews and discusses the more recent literature and application of Positive Mathematical Programming in the context of agricultural supply models. Specifically, advances in the empirical foundation of parameter specifications as well as the economic rationalisation of PMP models...
Persistent link: https://www.econbiz.de/10011142440
We formulate and estimate a farm level simulation model of agricultural crop production, and apply it to a scenario with increasing yield variability. The objective function is of the mean-variance utility type with a positive mathematical programming (PMP) cost function, and it is estimated...
Persistent link: https://www.econbiz.de/10011125064