Assisting decision-making in Queensland barley production through chance constrained programming

Citation
Vj. Gali et Cg. Brown, Assisting decision-making in Queensland barley production through chance constrained programming, AUST J A R, 44(2), 2000, pp. 269-287
Citations number
35
Categorie Soggetti
Agriculture/Agronomy,Economics
Journal title
AUSTRALIAN JOURNAL OF AGRICULTURAL AND RESOURCE ECONOMICS
ISSN journal
1364985X → ACNP
Volume
44
Issue
2
Year of publication
2000
Pages
269 - 287
Database
ISI
SICI code
1364-985X(200006)44:2<269:ADIQBP>2.0.ZU;2-Q
Abstract
A chance constrained programming model is developed to assist Queensland ba rley growers make varietal and agronomic decisions in the face of changing product demands and volatile production conditions. Unsuitable or overlooke d in many risk programming applications, the chance constrained programming approach nonetheless aptly captures the single-stage decision problem face d by barley growers of whether to plant lower-yielding but potentially high er-priced malting varieties, given a particular expectation of meeting malt ing grade standards. Different expectations greatly affect the optimal mix of malting and feed barley activities. The analysis highlights the suitabil ity of chance constrained programming to this specific class of farm decisi on problem.