Optimality Conditions of Agricultural Production With Fixed Input Costs

Angel Ramon Sanchez Delgado, Sergio Drumond Ventura

Abstract


We present a computational procedure to maximize the production of a given agricultural crop with limited inputs (water-nitrogen), and where a fixed cost (or expense) of the inputs (general problem of agricultural production) is imposed. Theoretically the procedure is based on the Karush-Kuhn-Tucker optimality conditions and numerically was tested with three different scenarios defined in the literature, for the cultures: Lettuce, Oats, Onions and Melons. In each agricultural scenario considered, it was possible to verify that the procedure is a reliable alternative in making agribusiness economic decisions.


Full Text:

PDF


DOI: https://doi.org/10.5296/jas.v9i2.18389

Refbacks

  • There are currently no refbacks.


Copyright (c) 2021 Angel Ramon Sanchez Delgado

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Journal of Agricultural Studies   ISSN 2166-0379

E-mail: jas@macrothink.org

Copyright © Macrothink Institute

To make sure that you can receive messages from us, please add the 'macrothink.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.