Optymalizacja produkcji w zaleznosci od stanu natury w warunkach niepewnosci

• Authors: Ernst Berg

Title variants

EN

OPTIMIZATION OF PRODUCTION IN DEPENDING ON THE STATE OF NATURE IN CONDITIONS OF THE UNCERTAINTY

• Languages of publication: PL

Abstracts

EN

The strong dependence on exogenously determined states of nature (weather, diseases, pests, etc.) is a constituent element of most agricultural production processes. While this state contingency creates uncertainties, it likewise offers various possibilities to react to particular states of nature (e.g. through irrigation or pest management). A concept which in principle accounts for these contexts is the so called state contingent approach originally developed by Chambers and Quiggin. This approach comprises the state contingent depic¬tion of the production process under uncertainty as basis for a realistic representation of individual decision making as well as the resulting market reactions. The following article deals with the state contingent approach in the context of mathematical programming. It starts with the description of the conceptual foundations of the approach and subsequently focuses on its implementation in the context of mathematical programming under uncertainty. The comparison with conventional mathematical programming approaches using an example documents the conceptual advantage of the state contin¬gent approach, but also clarifies the methodical challenges which result from its complexity.

Keywords

EN

OPTIMIZATION OF PRODUCTION; STATES OF NATURE; STATE CONTINGENT APPROACH; MATHEMATICAL PROGRAMMING; AGRICULTURAL PRODUCTION PROCESS

• Publisher: Instytut Ekonomiki Rolnictwa i Gospodarki Żywnościowej – Państwowy Instytut Badawczy
• Journal: Zagadnienia Ekonomiki Rolnej
• Year: 2012
• Issue: 2(321)
• Pages: 3-29

Contributors

author

Ernst Berg

• Uniwersytet w Bonn, Regina-Pacis-Weg 3, 53113 Bonn, Niemcy