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| Authors: | W. Timothy Rhodus, Thomas L. Prince, Reed D. Taylor |
Abstract:
An interactive profitability model was developed for IBM compatible micro-computers using LOTUS 123. The model is intended to be used as a decision support tool for producers and a teaching tool for students.
Budget information for various production programs can be analyzed to determine annual costs and returns on a per acre or per square foot basis.
Sensitivity analysis can be performed in order to determine the impact on costs and returns of changes in such items as: crop choice, fuel rate, interest rate, and labor efficiency.
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