© 1998 Oxford University Press and the Foundation for the European Review of Agricultural Economics
research-article |
A multi-attribute utility model to optimise sow replacement decisions
Wageningen Agricultural University The Netherlands
R. B. M. Huirne Farm Management Group, Department of Economics and Management, Wageningen Agricultural University Hollandseweg 1, NL-6706 KN Wageningen, The Netherlands
Received July 1, 1998;
Summary
An existing stochastic dynamic programming model is expanded so that its output can be used as input to a multi-attribute utility model to determine the optimal replacement policy in swine breeding herds. The models include six attributes: future profitability of the sow (from the dynamic programming model), piglet mortality rate, pigs crushed by the dam, savaged and stillborn pigs, undersized pigs at birth, and undersized pigs at weaning. The aim is to rank sows for replacement purposes. The model provides stable rankings that differ from those based only on the dynamic programming model. There was good correspondence between the model's ranking of 30 sows and rankings provided by two experts.
Keywords: economics, sow, multi-attribute utility, dynamic programming, management