A Comparison of Objective Function Structures Used in a Recursive Goal Programming-Simulations Model of Farm Growth

1 December 1982

journal article
research article
Published by Cambridge University Press (CUP) in Journal of Agricultural and Applied Economics

Vol. 14 (2), 9-16
https://doi.org/10.1017/s0081305200024766

Abstract

Adjustments in enterprise organization and resource use by firms in response to changing prices, yields, technology, and expectations are of interest to production economists and farm management specialists. Comparative statics has been the primary means of analyzing the impact of changes in these variables on the firm.

Keywords

COMPARATIVE STATICS
GOAL ORIENTATION
LINEAR PROGRAM
GOAL PROGRAMMING
OBJECTIVE FUNCTION
SIMULATION MODEL
DECISION MODELS
EXPECTED UTILITY
INCOME TAX

This publication has 1 reference indexed in Scilit:

Measurement and Modeling of Farmers' Goals: An Evaluation and Suggestions
Journal of Agricultural and Applied Economics, 1980

Cited by 3 articles