Rede, in verkorte vorm uitgesproken op vrijdag 20 september 2002 bij de aanvaarding van het ambt van bijzonder hoogleraar aan de Faculteit der Economische Wetenschappen, vanwege de Vereniging Trustfonds Erasmus Universiteit Rotterdam, met als leeropdracht Mathematische Besliskunde, in het...

A risk-averse irrigated corn producer would be better off choosing the more expensive subsurface drip irrigation (SDI) over center-pivot sprinkler (CPS), given limited aquifer life and swine effluent and urea fertilization. A stochastic optimization using EPIC data maximized expected utility of...

The effects of phosphorus (P)-based nutrient management plans on economic and environmental risks of dairy and dairy-poultry farms in Virginia were evaluated. Phosphorus-based nutrient management plans can greatly reduce P runoff risk but also reduce farmers' returns. P-based plans cause greater...

Cotton ginning represents an agribusiness that is heavily dependent on production agriculture. Recent changes in farm legislation and other government policies may have a long run impact on the variability of cotton production. This paper examines the potential impacts of increased production...

The value of an innovative seed technology is estimated in a discrete stochastic programming framework for a representative farm in the northern Corn Belt. Temperature-activated polymer-coated seed has the potential to increase net returns by increasing yields due to early planting and use of...

All agricultural sector models must deal with aggregation and calibration somehow. The aggregation problem involves treating a group of producers as if they all responded in the same way as a single representative unit. The calibration problem concerns making a model reproduce as closely as...

An analytical framework is proposed for analysis of environmental good production by farmers in the case of price uncertainty. Environmental good production contracted by means of agri-environmental agreements is treated as a risk less option in the farmer's production activities portfolio....

A comparison of decision rules has been made for case studies of corn production using subsurface drip irrigation under three agricultural management practices (no irrigation, uniform irrigation, and variable rate irrigation). The uniform irrigation strategy appeared to perform the best than the...

A mathematical programming model based on a countrywide sample of farms is used to assess the impacts of the new C.A.P on the supply of the cotton sector in Greece. Results show a decrease in cotton cultivated area along with the introduction of a new production system called "semi-abandonment...