A simulation technique is advanced as a means of determining the probability of achieving various possible financial outcomes when assessing alternative investments. To this end a model is constructed and applied to a proposed investment in pasture improvement. Results are contrasted with a...

A method is outlined to test the stability of a plant location solution to changes in regional production. Supplies are generated within a probabilistic framework and used as input data for the usual otherwise static model. This approach also yields additional information on the probability of...

Radical wool marketing changes are mooted by the Australian Wool Corporation. While these intentions include wide ranging increases in market power for this supreme marketing authority, the overall proposals in their entirety, are argued as necessary to operationalize newly available wool...

A number of studies have been made of the movement of milk between regions in New South Wales. Indications from these analyses have been that there could be economic benefit from rationalization in the choice of supply areas to meet consumption requirements. This analysis confirms the need for...

The model, which is based on dynamic programming, enables identification of the sequence of actions in a drought which will lead to the minimum expected cost subject to constraints. The model has been prepared as a tool which may be used to assist graziers to make decisions in a drought. The...