USING A MULTIPLE PRODUCT AND MULTIPLE INPUT APPROACH TO DAIRY PROFIT MAXIMIZATION: A SIMULATION USING OPERATIONS RESEARCH METHODS

Abstract

Dairy producers generally take a single output/multiple input approach when making production decisions. Under component pricing, with large variance in individual component prices, a multiple output/multiple input approach maximizes profits. This paper applied our approach to the individual farm milk production decision.Livestock Production/Industries, Productivity Analysis,