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The Optimum Combination of Resources Within and Among Country Elevators

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  • P. W. Lytle
  • L. D. Hill

Abstract

A sunk capital hypothesis and merger, analyzed with linear programming, are used as aggregate constraints to temper results of firm models when analyzing intermediate length-of-run structural adjustments of country elevators. The conflict of simultaneously recommending fewer firms in the industry and expansion of all individual firms is handled.

Suggested Citation

  • P. W. Lytle & L. D. Hill, 1973. "The Optimum Combination of Resources Within and Among Country Elevators," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 55(2), pages 202-208.
    • Handle: RePEc:oup:ajagec:v:55:y:1973:i:2:p:202-208.
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    File URL: http://hdl.handle.net/10.2307/1238438
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    Cited by:

    1. Moseley, Anne E. & Spreen, Thomas H. & Pheasant, Jim W., 1986. "A Mixed-Integer Programming Analysis of the Structure of a Florida-Based Cattle Feeding Industry," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(2), pages 125-138, December.
    2. Johnson, David D. & King, Robert P., 1988. "Optimal Pricing and Inventory Control for a Country Grain Elevator," Staff Papers 257665, University of Minnesota, Department of Applied Economics.
    3. Lahlum, Suzanne M. & Dooley, Frank J., 1996. "The Optimal Number and Size of Fertilizer Plants Under Hazardous Materials Regulations," MPC Reports 231704, North Dakota State University, Upper Great Plains Transportation Institute.
    4. Unknown, 1989. "Bulk Handling of Paddy and Rice in Malaysia: an Economic Analysis," Technical Reports 113876, Australian Centre for International Agricultural Research.

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