Abstract
Abstract : The model is developed with reference to a single decision maker and incorporates intertemporal and interspatial considerations with some of the important aspects of inventory control models. The model is discussed in terms of an individual farmer attempting to plan his production and sales over an N year planning horizon. A series of models is presented. The first section considers the production and sale of one commodity in a single market. In the second section, the price and production uncertainties are introduced and the model is solved using chance constrained programming. The third section extends the model to a multimarket, multicommodity case. (Author)
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