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The present study shows how to use a simulation approach to quantify the effects of making a futures market available on adopting farmers’ behavior and welfare, and its impact on market variables such as spot prices. Relevant constraints often faced by commodity producers, such as credit...

A novel approach to solving the problems of discrete (integer) optimization based on the numbering of points in the plane with integer coordinates, i. e. lattice points, is considered. An analytical description (in the closed form) of the whole point coordinates dependence on its number and the...