A decision model to evaluate cattle feeding alternatives
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"Objective: The major objective of this study is to provide a computer model to be used in evaluating alternative cattle feeding programs. The model is consistent with the goal of maximizing profit over a specified period of time. The development and functioning of the model is the content of this thesis. In analyzing the problem of maximizing profits over time, it behooves the feeder to produce gain as efficiently and inexpensively as possible. Feed costs account for 70 to 80 percent of the operating expenses. Minimizing feed costs per pound of gain is a logical first step in maximizing profits. This compels feeding the cheapest ration that meets specified nutritional requirements of the cattle. Hence, the model is designed to formulate a least-cost of gain ration. Linear programming provides the form at for solving the problem presented in the model. The resulting optimal solution indicates: (1) weight and number of feeder cattle to buy throughout the planning period, (2) the feeding level to follow, (3) a minimum cost ration, and (4) the expected profit."--Page 4.
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.