Price and Productive Uncertainties in Dynamic Planning.
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A series of mathematical models showing a linear programming formulation of an intertemporal-interspatial decision problem: a farmer attempting to plan his production and sales in view of uncertain weather and uncertain market prices for his crops. The first section considers the production and sale of one commodity in a single market, under two sets of assumptions. In the second section, the price and production uncertainties are dealt with by using chance constrained programming. The third section extends the model to a multicommodity, multimarket case. Appendixes present other treatments of the problem. 30 pp. Ref.
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