Programming Resource Use and Capital Investment in Agriculture

This paper describes how linear programming procedures have been used at North Carolina State College to determine optimal combinations of products for farm firms and to specify the quantities of capital that farmers would find it profitable to invest. It shows how the introduction of risk considerations may alter drastically programs which are obtained for certain situations. The usefulness of the technique in evaluating soil conservation practices, farm leasing arrangements and related problems is pointed out.

• 저널Management Science · 3(2) · 173–184
• 토픽Agricultural Innovations and Practices · General Agricultural and Biological Sciences
• DOI10.1287/mnsc.3.2.173
• 저자R. Andrew King, Christine E. Bishop, Jeanne Sutherland