Optimal selling time in livestock production

Autores
Torres Carbonell, Carlos Alberto; Milanesi, Gastón Silverio; Tohmé, Fernando Abel; Chimeno, Patricia del Valle; Garcia Fronti, Javier Ignacio
Año de publicación
2025
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
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 – Thisresearch aimsto 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.
Fil: Torres Carbonell, Carlos Alberto. Universidad Nacional del Sur. Departamento de Agronomía; Argentina. Instituto Nacional de Tecnología Agropecuaria. Centro Regional Buenos Aires Sur. Estación Experimental Agropecuaria Bordenave. Agencia de Extensión Rural Bahía Blanca; Argentina
Fil: Milanesi, Gastón Silverio. Universidad Nacional del Sur. Departamento de Ciencias de la Administración; Argentina
Fil: Tohmé, Fernando Abel. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Matemática Bahía Blanca. Universidad Nacional del Sur. Departamento de Matemática. Instituto de Matemática Bahía Blanca; Argentina. Universidad Nacional del Sur. Departamento de Economía; Argentina
Fil: Chimeno, Patricia del Valle. Universidad Nacional del Sur. Departamento de Agronomía; Argentina
Fil: Garcia Fronti, Javier Ignacio. Universidad de Buenos Aires. Facultad de Ciencias Económicas; Argentina
Materia
Livestock
Real Options
Climate Risk
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/265777
Acceder
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network_acronym_str CONICETDig
repository_id_str 3498
network_name_str CONICET Digital (CONICET)
spelling Optimal selling time in livestock productionTorres Carbonell, Carlos AlbertoMilanesi, Gastón SilverioTohmé, Fernando AbelChimeno, Patricia del ValleGarcia Fronti, Javier IgnacioLivestockReal OptionsClimate Riskhttps://purl.org/becyt/ford/4.1https://purl.org/becyt/ford/4Purpose – 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 – Thisresearch aimsto 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.Fil: Torres Carbonell, Carlos Alberto. Universidad Nacional del Sur. Departamento de Agronomía; Argentina. Instituto Nacional de Tecnología Agropecuaria. Centro Regional Buenos Aires Sur. Estación Experimental Agropecuaria Bordenave. Agencia de Extensión Rural Bahía Blanca; ArgentinaFil: Milanesi, Gastón Silverio. Universidad Nacional del Sur. Departamento de Ciencias de la Administración; ArgentinaFil: Tohmé, Fernando Abel. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Matemática Bahía Blanca. Universidad Nacional del Sur. Departamento de Matemática. Instituto de Matemática Bahía Blanca; Argentina. Universidad Nacional del Sur. Departamento de Economía; ArgentinaFil: Chimeno, Patricia del Valle. Universidad Nacional del Sur. Departamento de Agronomía; ArgentinaFil: Garcia Fronti, Javier Ignacio. Universidad de Buenos Aires. Facultad de Ciencias Económicas; ArgentinaEmerald Insight2025-02info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/265777Torres Carbonell, Carlos Alberto; Milanesi, Gastón Silverio; Tohmé, Fernando Abel; Chimeno, Patricia del Valle; Garcia Fronti, Javier Ignacio; Optimal selling time in livestock production; Emerald Insight; Journal of Economics, Finance and Administrative Science; 2025; 2-2025; 1-142077-18862218-0648CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/url/https://www.emerald.com/insight/content/doi/10.1108/JEFAS-06-2024-0185/full/htmlinfo:eu-repo/semantics/altIdentifier/doi/10.1108/JEFAS-06-2024-0185info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-10T13:23:21Zoai:ri.conicet.gov.ar:11336/265777instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-09-10 13:23:21.498CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv Optimal selling time in livestock production
title Optimal selling time in livestock production
spellingShingle Optimal selling time in livestock production
Torres Carbonell, Carlos Alberto
Livestock
Real Options
Climate Risk
title_short 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_sort Optimal selling time in livestock production
dc.creator.none.fl_str_mv Torres Carbonell, Carlos Alberto
Milanesi, Gastón Silverio
Tohmé, Fernando Abel
Chimeno, Patricia del Valle
Garcia Fronti, Javier Ignacio
author Torres Carbonell, Carlos Alberto
author_facet Torres Carbonell, Carlos Alberto
Milanesi, Gastón Silverio
Tohmé, Fernando Abel
Chimeno, Patricia del Valle
Garcia Fronti, Javier Ignacio
author_role author
author2 Milanesi, Gastón Silverio
Tohmé, Fernando Abel
Chimeno, Patricia del Valle
Garcia Fronti, Javier Ignacio
author2_role author
author
author
author
dc.subject.none.fl_str_mv Livestock
Real Options
Climate Risk
topic Livestock
Real Options
Climate Risk
purl_subject.fl_str_mv https://purl.org/becyt/ford/4.1
https://purl.org/becyt/ford/4
dc.description.none.fl_txt_mv 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 – Thisresearch aimsto 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.
Fil: Torres Carbonell, Carlos Alberto. Universidad Nacional del Sur. Departamento de Agronomía; Argentina. Instituto Nacional de Tecnología Agropecuaria. Centro Regional Buenos Aires Sur. Estación Experimental Agropecuaria Bordenave. Agencia de Extensión Rural Bahía Blanca; Argentina
Fil: Milanesi, Gastón Silverio. Universidad Nacional del Sur. Departamento de Ciencias de la Administración; Argentina
Fil: Tohmé, Fernando Abel. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Matemática Bahía Blanca. Universidad Nacional del Sur. Departamento de Matemática. Instituto de Matemática Bahía Blanca; Argentina. Universidad Nacional del Sur. Departamento de Economía; Argentina
Fil: Chimeno, Patricia del Valle. Universidad Nacional del Sur. Departamento de Agronomía; Argentina
Fil: Garcia Fronti, Javier Ignacio. Universidad de Buenos Aires. Facultad de Ciencias Económicas; Argentina
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 – Thisresearch aimsto 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.
publishDate 2025
dc.date.none.fl_str_mv 2025-02
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/265777
Torres Carbonell, Carlos Alberto; Milanesi, Gastón Silverio; Tohmé, Fernando Abel; Chimeno, Patricia del Valle; Garcia Fronti, Javier Ignacio; Optimal selling time in livestock production; Emerald Insight; Journal of Economics, Finance and Administrative Science; 2025; 2-2025; 1-14
2077-1886
2218-0648
CONICET Digital
CONICET
url http://hdl.handle.net/11336/265777
identifier_str_mv Torres Carbonell, Carlos Alberto; Milanesi, Gastón Silverio; Tohmé, Fernando Abel; Chimeno, Patricia del Valle; Garcia Fronti, Javier Ignacio; Optimal selling time in livestock production; Emerald Insight; Journal of Economics, Finance and Administrative Science; 2025; 2-2025; 1-14
2077-1886
2218-0648
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/https://www.emerald.com/insight/content/doi/10.1108/JEFAS-06-2024-0185/full/html
info:eu-repo/semantics/altIdentifier/doi/10.1108/JEFAS-06-2024-0185
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Emerald Insight
publisher.none.fl_str_mv Emerald Insight
dc.source.none.fl_str_mv reponame:CONICET Digital (CONICET)
instname:Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
collection CONICET Digital (CONICET)
instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
_version_ 1842981289427206144
score 12.48226

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