APPLICATION OF DYNAMIC MODELSWITH STOCHASTIC PARAMETERS OF THE OBJECTIVE FUNCTION TO THE OPTIMIZATION OF PRODUCTION IN FARMS OF THE WEST POMERANIAN VOIVODSHIP

  • Jadwiga Zaród West Pomeranian University of Technology in Szczecin
Keywords: dynamic model, stochastic programming, farm income, risk

Abstract

Two dynamic models of stochastic programming were constructed for the West Pomeranian Voivodship. They comprised four successive years of varied agriclimatic conditions, with and without EU subsidies. Model I referred to farms growing crops, whereas Model II referred to those growing crops and livestock. Both models accounted for random parameters of the objective function, which constituted the matrix of farm income achieved in 10 regions of the West Pomeranian Voivodship. Those models were solved by means of three methods using the MATLAB software. The results comprise a precise area of the particular cultures and the fallows, the joint farm income achieved in the four analyzed years and the risk accompanying the accomplishment of it.

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Published
2012-12-30
How to Cite
Zaród, J. (2012). APPLICATION OF DYNAMIC MODELSWITH STOCHASTIC PARAMETERS OF THE OBJECTIVE FUNCTION TO THE OPTIMIZATION OF PRODUCTION IN FARMS OF THE WEST POMERANIAN VOIVODSHIP. Acta Scientiarum Polonorum. Oeconomia, 11(4), 71-81. Retrieved from https://js.wne.sggw.pl/index.php/aspe/article/view/4068