An expected utility model and a chance constrained linear programming model were used to analyze four marketing strategies and seven crop insurance alternatives in cotton marketing in Georgia. The results obtained suggest that the existing marketing tools and insurance alternatives can be used...

An expected-utility model and a chance-constrained linear programming model were used to analyze four marketing strategies and seven crop insurance alternatives for cotton marketing in Georgia. The results suggest that existing marketing tools and insurance alternatives can be used to reduce...

Profitability of using peanut meal as an alternative protein source in broiler production was investigated through the development of a two-stage mathematical program that optimizes broiler production. The concept of value of marginal product incorporated in this model allows demand adjustments...