Optimal selling time in livestock production

Autores
Torres Carbonell, Carlos Alberto; Milanesi, Gastón Silverio; Tohmé, Fernando; Chimeno, Patricia; García 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: This research aims to 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.
AER Bahía Blanca, EEA Bordenave
Fil: Torres Carbonell, Carlos. Instituto Nacional de Tecnología Agropecuaria (INTA). Estación Experimental Agropecuaria Bordenave. Agencia de Extensión Rural Bahía Blanca; Argentina
Fil: Torres Carbonell, Carlos. Universidad Nacional del Sur. Departamento de Agronomía; Argentina
Fil: Milanesi, Gastón. Universidad Nacional del Sur. Departamento de Ciencias de la Administración; Argentina
Fil: Tohmé, Fernando. Universidad Nacional del Sur. Departamento de Economía; Argentina
Fil: Chimeno, Patricia. Universidad Nacional del Sur. Departamento de Agronomía; Argentina
Fil: García Fronti, J.I. Universidad de Buenos Aires. Facultad de Ciencias Económicas; Argentina
Fuente
Journal of Economics, Finance and Administrative Science : 1-14 (25 February 2025)
Materia
Ganado
Explotación Ganadera
Producción Animal
Riesgo
Venta
Livestock
Livestock Farms
Risk
Sales
Animal Production
Nivel de accesibilidad
acceso abierto
Condiciones de uso
http://creativecommons.org/licenses/by-nc-sa/4.0/
Repositorio
INTA Digital (INTA)
Institución
Instituto Nacional de Tecnología Agropecuaria
OAI Identificador
oai:localhost:20.500.12123/21841
Acceder
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oai_identifier_str oai:localhost:20.500.12123/21841
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spelling Optimal selling time in livestock productionTorres Carbonell, Carlos AlbertoMilanesi, Gastón SilverioTohmé, FernandoChimeno, PatriciaGarcía Fronti, Javier IgnacioGanadoExplotación GanaderaProducción AnimalRiesgoVentaLivestockLivestock FarmsRiskSalesAnimal ProductionPurpose: 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: This research aims to 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.AER Bahía Blanca, EEA BordenaveFil: Torres Carbonell, Carlos. Instituto Nacional de Tecnología Agropecuaria (INTA). Estación Experimental Agropecuaria Bordenave. Agencia de Extensión Rural Bahía Blanca; ArgentinaFil: Torres Carbonell, Carlos. Universidad Nacional del Sur. Departamento de Agronomía; ArgentinaFil: Milanesi, Gastón. Universidad Nacional del Sur. Departamento de Ciencias de la Administración; ArgentinaFil: Tohmé, Fernando. Universidad Nacional del Sur. Departamento de Economía; ArgentinaFil: Chimeno, Patricia. Universidad Nacional del Sur. Departamento de Agronomía; ArgentinaFil: García Fronti, J.I. Universidad de Buenos Aires. Facultad de Ciencias Económicas; ArgentinaEmerald Publishing Limited2025-03-27T15:42:30Z2025-03-27T15:42:30Z2025-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfhttp://hdl.handle.net/20.500.12123/21841https://www.emerald.com/insight/content/doi/10.1108/jefas-06-2024-0185/full/html2077-1886 (online)https://doi.org/10.1108/JEFAS-06-2024-0185Journal of Economics, Finance and Administrative Science : 1-14 (25 February 2025)reponame:INTA Digital (INTA)instname:Instituto Nacional de Tecnología Agropecuariaenginfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)2025-10-16T09:32:13Zoai:localhost:20.500.12123/21841instacron:INTAInstitucionalhttp://repositorio.inta.gob.ar/Organismo científico-tecnológicoNo correspondehttp://repositorio.inta.gob.ar/oai/requesttripaldi.nicolas@inta.gob.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:l2025-10-16 09:32:13.968INTA Digital (INTA) - Instituto Nacional de Tecnología Agropecuariafalse
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
Ganado
Explotación Ganadera
Producción Animal
Riesgo
Venta
Livestock
Livestock Farms
Risk
Sales
Animal Production
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
Chimeno, Patricia
García Fronti, Javier Ignacio
author Torres Carbonell, Carlos Alberto
author_facet Torres Carbonell, Carlos Alberto
Milanesi, Gastón Silverio
Tohmé, Fernando
Chimeno, Patricia
García Fronti, Javier Ignacio
author_role author
author2 Milanesi, Gastón Silverio
Tohmé, Fernando
Chimeno, Patricia
García Fronti, Javier Ignacio
author2_role author
author
author
author
dc.subject.none.fl_str_mv Ganado
Explotación Ganadera
Producción Animal
Riesgo
Venta
Livestock
Livestock Farms
Risk
Sales
Animal Production
topic Ganado
Explotación Ganadera
Producción Animal
Riesgo
Venta
Livestock
Livestock Farms
Risk
Sales
Animal Production
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: This research aims to 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.
AER Bahía Blanca, EEA Bordenave
Fil: Torres Carbonell, Carlos. Instituto Nacional de Tecnología Agropecuaria (INTA). Estación Experimental Agropecuaria Bordenave. Agencia de Extensión Rural Bahía Blanca; Argentina
Fil: Torres Carbonell, Carlos. Universidad Nacional del Sur. Departamento de Agronomía; Argentina
Fil: Milanesi, Gastón. Universidad Nacional del Sur. Departamento de Ciencias de la Administración; Argentina
Fil: Tohmé, Fernando. Universidad Nacional del Sur. Departamento de Economía; Argentina
Fil: Chimeno, Patricia. Universidad Nacional del Sur. Departamento de Agronomía; Argentina
Fil: García Fronti, J.I. 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: This research aims to 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 2025-03-27T15:42:30Z
2025-03-27T15:42:30Z
2025-01
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/20.500.12123/21841
https://www.emerald.com/insight/content/doi/10.1108/jefas-06-2024-0185/full/html
2077-1886 (online)
https://doi.org/10.1108/JEFAS-06-2024-0185
url http://hdl.handle.net/20.500.12123/21841
https://www.emerald.com/insight/content/doi/10.1108/jefas-06-2024-0185/full/html
https://doi.org/10.1108/JEFAS-06-2024-0185
identifier_str_mv 2077-1886 (online)
dc.language.none.fl_str_mv eng
language eng
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-sa/4.0/
Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-sa/4.0/
Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Emerald Publishing Limited
publisher.none.fl_str_mv Emerald Publishing Limited
dc.source.none.fl_str_mv Journal of Economics, Finance and Administrative Science : 1-14 (25 February 2025)
reponame:INTA Digital (INTA)
instname:Instituto Nacional de Tecnología Agropecuaria
reponame_str INTA Digital (INTA)
collection INTA Digital (INTA)
instname_str Instituto Nacional de Tecnología Agropecuaria
repository.name.fl_str_mv INTA Digital (INTA) - Instituto Nacional de Tecnología Agropecuaria
repository.mail.fl_str_mv tripaldi.nicolas@inta.gob.ar
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score 13.238319

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