Changes in state milk production per cow are analyzed as a time series to determine the form and size of increase. Future milk yields are projected using parameter estimates. States are also grouped according to the correlation matrix of residuals to determine which states react similarly to...

A model is developed that shows the usefulness of dynamic optimization in deriving optimal equity recovery strategies for a cooperative lending institution. The objective is to minimize the cost of a member borrowing over time. An interest rate surcharge, above the cost of funds and operating...