Title :
A forward and backward linkage agricultural production simulation model
Author :
Albay, Fe Zinnia ; Gempesaw, Conrado M., II ; Bacon, J. Richard ; Munasing, Levsiri
Author_Institution :
Dept. of Food & Resource Econ., Delaware Univ., Newark, DE, USA
Abstract :
The paper illustrates the use of a forward and backward linkage agricultural production simulation model. CHICKSIM III is a comprehensive, farm-level, and stochastic capital budgeting simulation model which provides an analytical framework for simulating probable consequences of production, marketing, financial, and policy variables on the profitability of a farm or agribusiness firm. The model is applied to evaluate the profitability of a representative farm producing broiler, beef, corn, and kenaf
Keywords :
agriculture; budgeting data processing; digital simulation; financial data processing; marketing data processing; stochastic processes; CHICKSIM III; agribusiness firm; analytical framework; beef production; broiler production; corn production; farm; farm-level stochastic capital budgeting simulation model; financial variables; forward and backward linkage agricultural production simulation model; kenaf production; marketing variables; policy variables; production variables; profitability; Agriculture; Analytical models; Computer simulation; Couplings; Crops; Forward contracts; Production systems; Profitability; Stochastic processes; Yield estimation;
Conference_Titel :
Simulation Conference Proceedings, 1995. Winter
Conference_Location :
Arlington, VA
Print_ISBN :
0-78033018-8
DOI :
10.1109/WSC.1995.478885
