This article proposes a fully integrated and interactive elicitation-optimization procedure for portfolio management. A soft computing approach based on fuzzy logic is developed as an alternative to the traditional mean variance model and compromise programming approach. The models are applied...

The objective of this paper is to develop a portfolio optimization technique that is simple enough for an individual with little knowledge of economic theory to systematically determine his own optimized portfolio. A compromise programming approach and a fuzzy logic approach are developed as...

This research evaluates the impact of using different starting conditions in estimating meat demand systems. Results suggest that as the econometric task becomes increasingly nonlinear, specification of starting conditions becomes increasingly important. This work demonstrates implications of...

Responsible management and tax related to depreciable resources should consider the accuracy of depreciation methods in estimating current market value. This paper compares seven depreciation methods for farm tractors with respect to information required and accuracy of remaining value relative...

Five years of continuous annual data are used to measure the marginal value product of cropland (return to land) on approximately 100 Kansas farms. Determinants of the marginal value product are investigated using regression.

In 1997, the Black Vermillion Dairy Environmental Cooperative (DEC) was started with an EPA 319A grant. Ten Kansas dairies located in the Kansas Black Vermillion Watershed were studied to evaluate the on-farm manure structures cost-shared by the DEC. Net present value (NPV) analysis was used to...

Costs during the feeding period, commonly summarized as "feeding cost of gain", are primary determinants of cattle feeding profits. This study provides a method of generalizing information available at placement time into a suitable feeding cost of gain prediction, so that feeders and ranchers...

Trade liberalization has increased livestock sector interest regarding the impact of exports and imports on domestic meat prices. The focus of this analysis was to determine the impact on wholesale prices of various cuts of beef and pork from changes in U.S. meat exports and imports. The results...

Six depreciation methods were used to simulate the value of farm tractors with indexed and expected prices. Accuracy of simulated values was evaluated using paired t-tests of mean absolute percentage errors and forecast accuracy regression models. Results varied with age and use. Some...

The present study uses local maximum likelihood (LML) methods recently proposed by Kumbhakar et al. (2007) to assess the technical efficiency of arable crop Kansas farms. LML techniques overcome the most relevant limitations associated to mainstream parametric stochastic frontier models. Results...