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Asset Indivisibility and Investment Planning: An Application of Linear Programming
Author(s) -
Barry Peter J.
Publication year - 1972
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1238710
Subject(s) - asset (computer security) , investment (military) , time horizon , economics , linear programming , microeconomics , finance , business , computer science , mathematical optimization , mathematics , computer security , politics , political science , law
A multi‐period linear programming model is used to evaluate the effect of investments in indivisible land units on various measures of firm growth. Complete evaluation is found to depend upon the degree of asset indivisibility, the manager's planning horizon, and on the chosen financial or physical measures of growth.