This unit builds on the principles of biological production economics and introduces optimisation methods to solve decision making problems encountered by agribusiness and natural resource firms and managers in public agencies. The principle focus is on the application of linear programming techniques, and students learn to consider solving decision making problems where the outcomes are not known with certainty, and where the timing of decisions is of essence.
1x2hr lecture/week, 1x1hr tutorial/week
1x2hr Final Exam (60%), 1x50min Mid-semester Test (15%), 1x1500wd Assignment (25%)
AREC2001 or AGEC2103 or ECOS2001 or ECOS2901