GROWTH AND SURVIVAL IN WHEAT FARMING: THE IMPACT OF LAND EXPANSION AND BORROWING RESTRAINTS

Simulation is used to examine impacts of land expansion strategies and self-imposed borrowing limits upon growth and survival odds of a dryland wheat farm over a 15-year period. Compared to share-rent expansion, purchasing land shows only marginally great growth at best, with substantially higher odds of firm failure. A tradeoff of enhanced survival at the expense of reduced growth results from more conservative borrowing for land. The marginal value of liquidity (for assisting survival) is relatively high at lower levels of credit reserves.Agricultural Finance, Crop Production/Industries, Land Economics/Use,

COMPARISON OF LIVESTOCK PRICE FORECASTING USING SIMPLE TECHNIQUES, FORWARD PRICING AND OUTLOOK INFORMATION

Demand and Price Analysis,

MACHINERY COSTS AND INFLATION

This article addresses (1) the differences in machinery cost estimating techniques, particularly for depreciation and opportunity cost, and (2) the necessary modifications in cost estimating techniques to account for the changing monetary base under inflation. The conditions under which capital budgeting and traditional budgeting differ are examined on a before tax and after tax basis, with and without inflation. The variations in cost estimates depending upon techniques, and with and without inflation, are compared.Agricultural Finance,

An information-based approach to integrating empirical and explanation-based learning

We describe a new approach to integrating explanation-based and empirical learning methods for learning relational concepts. The approach uses an information-based heuristic to evaluate components of a hypothesis that are proposed either by explanation-based or empirical methods. Providing domain knowledge to the integrated system can decrease the amount of search required during learning and increase the accuracy of learned concepts, even when the domain knowledge is incorrect and incomplete and there is noise in the training data

Hierarchic plate and shell models based on p-extension

Formulations of finite element models for beams, arches, plates and shells based on the principle of virtual work was studied. The focus is on computer implementation of hierarchic sequences of finite element models suitable for numerical solution of a large variety of practical problems which may concurrently contain thin and thick plates and shells, stiffeners, and regions where three dimensional representation is required. The approximate solutions corresponding to the hierarchic sequence of models converge to the exact solution of the fully three dimensional model. The stopping criterion is based on: (1) estimation of the relative error in energy norm; (2) equilibrium tests, and (3) observation of the convergence of quantities of interest

L'CO/LFIR Relations with CO Rotational Ladders of Galaxies Across the Herschel SPIRE Archive

We present a catalog of all CO (J=4-3 through J=13-12)), [CI], [NII] lines available from extragalactic spectra from the Herschel SPIRE Fourier Transform Spectrometer (FTS) archive combined with observations of the low-J CO lines from the literature and from the Arizona Radio Observatory. This work examines the relationships between LFIR, L'CO, and LCO/LCO(1-0). We also present a new method for estimating probability distribution functions (PDFs) from marginal signal-to-noise ratio Herschel} FTS spectra, which takes into account the instrumental "ringing" and the resulting highly correlated nature of the spectra. The slopes of log(LFIR) vs. log(L'CO) are linear for all mid- to high-J CO lines and slightly sublinear if restricted to (U)LIRGs. The mid- to high-J CO luminosity relative to CO J=1-0 increases with increasing LFIR, indicating higher excitement of the molecular gas, though these ratios do not exceed ~ 180. For a given bin in LFIR, the luminosities relative to CO J=1-0 remain relatively flat from J=6-5 through J=13-12, across three orders of magnitude of LFIR. A single component theoretical photon-dominated region (PDR) model cannot match these flat SLED shapes, though combinations of PDR models with mechanical heating added qualitatively match the shapes, indicating the need for further comprehensive modeling of the excitation processes of warm molecular gas in nearby galaxies.Comment: 17 pages, 4 figures (including appendix), accepted by ApJ. Full tables will be in VizieR upon publication, email first author for tables in the meantim