A Real Options Analysis of Automatic Milking Systems
نویسندگان
چکیده
منابع مشابه
A Real Options Analysis of Automatic Milking Systems
Automatic, or robotic, milking systems have the potential to significantly change the way milk is produced on U.S. dairy farms. However, there is a high degree of uncertainty associated with adoption of this new technology. A real options approach is used to analyze the decision to replace an operational milking system with an automatic milking system. The most important source of uncertainty i...
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This paper presents a structure that empower designing supervisory groups to survey the estimation of real options in projects of enormous scale, incompletely standardized frameworks actualized a couple of times over the medium term. Specific options writing is done using a methodology of planning the design and making prior decisions regarding the arrangements of specific options, with a recre...
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Energy projects with extended life cycles and initial investments can be non-profitable under discount cash flow methods. Therefore, real options analysis has become relevant as a pricing technique for these types of projects, with private risks and high investment levels. Following this question, this study analyses different real options approaches to select the most acceptable for investing ...
متن کاملModelling Pasture-based Automatic Milking System Herds: Grazeable Forage Options
One of the challenges to increase milk production in a large pasture-based herd with an automatic milking system (AMS) is to grow forages within a 1-km radius, as increases in walking distance increases milking interval and reduces yield. The main objective of this study was to explore sustainable forage option technologies that can supply high amount of grazeable forages for AMS herds using th...
متن کاملEstimating efficiency in automatic milking systems.
Milking data of 34 single automatic milking system (AMS) units on 29 Galician dairy farms were analyzed to determine the system capacity in each farm under actual working conditions. Number of cows, milk yield, milkings per cow per day, actual milking time, rejected milking time, cleaning time, and machine downtime were used to determine the number of cows milked per AMS unit to obtain the opti...
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ژورنال
عنوان ژورنال: Agricultural and Resource Economics Review
سال: 2003
ISSN: 1068-2805,2372-2614
DOI: 10.1017/s1068280500006043