Optimal selling time in livestock production
Purpose: This paper analyzes the application of real options to livestock production. It evaluates the strategic flexibility in determining the optimal selling time for livestock, considering the technological and market risks involved in its production. Design/methodology/approach: Based on a data...
| Main Authors: | , , , , |
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| Format: | info:ar-repo/semantics/artículo |
| Language: | Inglés |
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Emerald Publishing Limited
2025
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.12123/21841 https://www.emerald.com/insight/content/doi/10.1108/jefas-06-2024-0185/full/html https://doi.org/10.1108/JEFAS-06-2024-0185 |
| _version_ | 1855038470046613504 |
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| author | Torres Carbonell, Carlos Alberto Milanesi, Gastón Silverio Tohmé, Fernando Chimeno, Patricia García Fronti, Javier Ignacio |
| author_browse | Chimeno, Patricia García Fronti, Javier Ignacio Milanesi, Gastón Silverio Tohmé, Fernando Torres Carbonell, Carlos Alberto |
| author_facet | Torres Carbonell, Carlos Alberto Milanesi, Gastón Silverio Tohmé, Fernando Chimeno, Patricia García Fronti, Javier Ignacio |
| author_sort | Torres Carbonell, Carlos Alberto |
| collection | INTA Digital |
| description | Purpose: This paper analyzes the application of real options to livestock production. It evaluates the strategic flexibility in determining the optimal selling time for livestock, considering the technological and market risks involved in its production.
Design/methodology/approach: Based on a data sample of 300 records collected over the past 15 years, a biophysical-economic model was developed and simulated using an iterative stochastic procedure.
Findings: The alternatives that provide the highest profit growth are identified by quantifying their risk parameters and yielding strategies for enhancing the value of livestock companies.
Originality/value: This research aims to understand how to improve decision-making in companies managing biological assets under conditions of risk and uncertainty, using the case of livestock systems in Argentina as a basis. This case can be easily adapted to similar cases in other countries. |
| format | info:ar-repo/semantics/artículo |
| id | INTA21841 |
| institution | Instituto Nacional de Tecnología Agropecuaria (INTA -Argentina) |
| language | Inglés |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | Emerald Publishing Limited |
| publisherStr | Emerald Publishing Limited |
| record_format | dspace |
| spelling | INTA218412025-03-27T15:51:25Z Optimal selling time in livestock production Torres Carbonell, Carlos Alberto Milanesi, Gastón Silverio Tohmé, Fernando Chimeno, Patricia García Fronti, Javier Ignacio Ganado Explotación Ganadera Producción Animal Riesgo Venta Livestock Livestock Farms Risk Sales Animal Production Purpose: This paper analyzes the application of real options to livestock production. It evaluates the strategic flexibility in determining the optimal selling time for livestock, considering the technological and market risks involved in its production. Design/methodology/approach: Based on a data sample of 300 records collected over the past 15 years, a biophysical-economic model was developed and simulated using an iterative stochastic procedure. Findings: The alternatives that provide the highest profit growth are identified by quantifying their risk parameters and yielding strategies for enhancing the value of livestock companies. Originality/value: This research aims to understand how to improve decision-making in companies managing biological assets under conditions of risk and uncertainty, using the case of livestock systems in Argentina as a basis. This case can be easily adapted to similar cases in other countries. AER Bahía Blanca, EEA Bordenave Fil: Torres Carbonell, Carlos. Instituto Nacional de Tecnología Agropecuaria (INTA). Estación Experimental Agropecuaria Bordenave. Agencia de Extensión Rural Bahía Blanca; Argentina Fil: Torres Carbonell, Carlos. Universidad Nacional del Sur. Departamento de Agronomía; Argentina Fil: Milanesi, Gastón. Universidad Nacional del Sur. Departamento de Ciencias de la Administración; Argentina Fil: Tohmé, Fernando. Universidad Nacional del Sur. Departamento de Economía; Argentina Fil: Chimeno, Patricia. Universidad Nacional del Sur. Departamento de Agronomía; Argentina Fil: García Fronti, J.I. Universidad de Buenos Aires. Facultad de Ciencias Económicas; Argentina 2025-03-27T15:42:30Z 2025-03-27T15:42:30Z 2025-01 info:ar-repo/semantics/artículo info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion http://hdl.handle.net/20.500.12123/21841 https://www.emerald.com/insight/content/doi/10.1108/jefas-06-2024-0185/full/html 2077-1886 (online) https://doi.org/10.1108/JEFAS-06-2024-0185 eng info:eu-repo/semantics/openAccess http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) application/pdf Emerald Publishing Limited Journal of Economics, Finance and Administrative Science : 1-14 (25 February 2025) |
| spellingShingle | Ganado Explotación Ganadera Producción Animal Riesgo Venta Livestock Livestock Farms Risk Sales Animal Production Torres Carbonell, Carlos Alberto Milanesi, Gastón Silverio Tohmé, Fernando Chimeno, Patricia García Fronti, Javier Ignacio Optimal selling time in livestock production |
| title | Optimal selling time in livestock production |
| title_full | Optimal selling time in livestock production |
| title_fullStr | Optimal selling time in livestock production |
| title_full_unstemmed | Optimal selling time in livestock production |
| title_short | Optimal selling time in livestock production |
| title_sort | optimal selling time in livestock production |
| topic | Ganado Explotación Ganadera Producción Animal Riesgo Venta Livestock Livestock Farms Risk Sales Animal Production |
| url | http://hdl.handle.net/20.500.12123/21841 https://www.emerald.com/insight/content/doi/10.1108/jefas-06-2024-0185/full/html https://doi.org/10.1108/JEFAS-06-2024-0185 |
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