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Identifying Least‐Cost Sources of Required Fertilizer Nutrients
Author(s) -
Babcock Bruce,
Rister M. Edward,
Kay Ronald D.,
Wallers Jo Ann
Publication year - 1984
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 - 10.2307/1240806
Subject(s) - fertilizer , ex ante , agriculture , linear programming , agricultural engineering , value (mathematics) , production (economics) , nutrient , computer science , environmental economics , operations research , economics , microeconomics , mathematics , engineering , agronomy , chemistry , algorithm , ecology , machine learning , biology , macroeconomics , organic chemistry
Agricultural producers should evaluate trade‐offs between application costs and blending fees when applying two or more fertilizer mixtures to satisfy their ex ante fertilizer requirements in an economical manner. This decision situation is modeled using a linear programming procedure designed for practical use as a computerized decision‐making aid. Results from a trial application of the methodology suggest this aid can be of significant value to producers confronted with such decisions.