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Linear Programming Approximation of Least-Cost Feed Mixes with Probability Restrictions

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  • Sabir A. Rahman
  • F. E. Bender

Abstract

This article presents a method for solving linear programming problems in which elements of the tableau are stochastic. Using least-cost poultry rations as an example, the authors demonstrate the procedure developed. Sufficiently accurate results are obtained with less time and complexity than required by alternative methods. The authors conclude that the largest obstacle to examining related problems is in the limitations imposed by lack of data, in this case with regard to biological minima.

Suggested Citation

  • Sabir A. Rahman & F. E. Bender, 1971. "Linear Programming Approximation of Least-Cost Feed Mixes with Probability Restrictions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(4), pages 612-618.
    • Handle: RePEc:oup:ajagec:v:53:y:1971:i:4:p:612-618.
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    File URL: http://hdl.handle.net/10.2307/1237825
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    Cited by:

    1. T Peña & P Lara & C Castrodeza, 2009. "Multiobjective stochastic programming for feed formulation," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 60(12), pages 1738-1748, December.
    2. Torres-Rojo, J. M., 2001. "Risk management in the design of a feeding ration: a portfolio theory approach," Agricultural Systems, Elsevier, vol. 68(1), pages 1-20, April.
    3. Segarra, Eduardo & Kramer, Randall A. & Taylor, Daniel B., 1985. "A Stochastic Programming Analysis Of The Farm Level Implications Of Soil Erosion Control," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(2), pages 1-8, December.
    4. Throsby, C.D., 1973. "New Methodologies in Agricultural Production Economics: a Review," 1973 Conference, August 19-30, 1973, São Paulo, Brazil 181385, International Association of Agricultural Economists.
    5. Allison, John R. & Baird, D.M., 1974. "Least-Cost Livestock Production Rations," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 6(2), pages 1-5, December.
    6. Rosshairy Abd. Rahman & Graham Kendall & Razamin Ramli & Zainoddin Jamari & Ku Ruhana Ku-Mahamud, 2017. "Shrimp Feed Formulation via Evolutionary Algorithm with Power Heuristics for Handling Constraints," Complexity, Hindawi, vol. 2017, pages 1-12, November.

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