Open Research Oklahoma (Oklahoma State Univ.)
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Biological simulation and its role in economic analysis
The single equation, production function model is inadequate for analysis of the dynamic, recursive and stochastic problems in agricultural production. This paper reviews alternatives for estimating biophysical relationships and decision optimization
Economic analysis of the cotton industry in Oklahoma
An analysis of the capacity utilization and cost structure of the Oklahoma cotton ginning industry is presented. Significant over-capacity is present in Oklahoma's ginning industry. Larger gins had significantly lower cost per bale and higher profit per bale. The receipt of picked cotton was associated with a longer ginning season and higher profit per bale. Gins which received more modulized cotton also had a longer ginning season, but experienced lower revenues per bale and lower profits per bale. Data for the analysis came from 1991 Annual Gin Reports and a survey of gins