A Linear Alternative to Quadratic and Semivariance Programming for Farm Planning under Uncertainty

American Journal of Agricultural Economics - Tập 53 Số 1 - Trang 53-62 - 1971
Peter Hazell1
1(Cornell University

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AbstractQuadratic decision criteria for farm planning are theoretically appealing but difficult to handle computationally. This paper reviews the advantages of the quadratic approach and develops a linear alternative which, while retaining most of the desired features of the quadratic models, can be readily solved on conventional linear programming codes with the parametric option.

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