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Titolo:
ON THE USE OF OPPORTUNITY COSTS IN DERIVING THE ECONOMIC VALUE OF HERD LIFE
Autore:
GROEN AF; VANARENDONK JAM; GODDARD ME; VOLLEMA AR;
Indirizzi:
WAGENINGEN INST ANIM SCI,DIV ANIM BREEDING & GENET,POB 338 NL-6700 AHWAGENINGEN NETHERLANDS UNIV NEW ENGLAND,ANIM GENET & BREEDING UNIT ARMIDALE NSW AUSTRALIA
Titolo Testata:
Animal Science
, volume: 65, anno: 1997,
parte:, 3
pagine: 335 - 341
SICI:
1357-7298(1997)65:<335:OTUOOC>2.0.ZU;2-4
Fonte:
ISI
Lingua:
ENG
Soggetto:
DAIRY-CATTLE; NET INCOME; TRANSMITTING ABILITIES; PRODUCTION QUOTAS; PROFIT EQUATIONS; MILK-PRODUCTION; WEIGHTS; TRAITS; DERIVATION; SELECTION;
Keywords:
ECONOMIC VALUE; OPPORTUNITY COSTS; PRODUCTIVE LIFE;
Tipo documento:
Article
Natura:
Periodico
Citazioni:
22
Recensione:
Indirizzi per estratti:
Citazione:
A.F. Groen et al., "ON THE USE OF OPPORTUNITY COSTS IN DERIVING THE ECONOMIC VALUE OF HERD LIFE", Animal Science, 65, 1997, pp. 335-341

Abstract

This paper presents the economic perspectives applied when either using or not using opportunity costs of postponed replacement in derivingthe economic value of herd life. Results show the equivalence of the rescaling method and the correction for opportunity costs. In economicterms using rescaling or correction for opportunity costs forces the value of genetic improvement to change from revenues of increased output to reduction of costs per unit of (fixed) ouput. Under the zero profit theory, the economic value of hel cl life is equal when either using or not using correction for opportunity costs. In deriving economicvalues to define breeding goals, the choice of a method and price parameters will have to depend on foreseen future production circumstances for the system under study.

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Documento generato il 23/09/20 alle ore 07:45:04