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A Methodology for Estimating Integrated Forecasting/Decision Model Parameters Using Linear Programming

Published online by Cambridge University Press:  05 September 2016

James N. Trapp
James N. Trapp*
Affiliation:
Department of Agricultural Economics, Oklahoma State University
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Abstract

A linear programming algorithm is used to estimate the parameters of a wheat storage decision model. This approach allows objective functions other than minimization of error squared to be used. It is demonstrated that by using a profit maximization objective function, an improved wheat storage decision model can be developed.

Keywords

decision modelparameter estimationlinear programmingwheatstorageforecasting

Information

Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 18 , Issue 2 , December 1986, pp. 247 - 256
Copyright
Copyright © Southern Agricultural Economics Association 1986

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References

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