Flexible Investment Strategies for Maximizing Returns under Spatial Variation and Uncertainty in Beef Cattle Investment Decision-Making

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

Celebi Bulent; Ceyhan Vedat

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Journal of Agricultural Science and Technology Year:2025 | Volume:27 | Issue:3 Page(s): 589-604

Download Full-Text

View:

Download:

Cites:

Information Journal Paper

Title

Flexible Investment Strategies for Maximizing Returns under Spatial Variation and Uncertainty in Beef Cattle Investment Decision-Making

Author(s)

Celebi Bulent | Ceyhan Vedat | Issue Writer Certificate

Keywords

Spatial distribution of investment

Sufficiency of investment subsidies

Valuation of real options.

Abstract

Designing the flexible investment strategies for maximizing returns under spatial variation and considering uncertainty in beef cattle investment decision-making are vital. Therefore, the objectives of the study were (i) To explore the real options and its values spatially for beef cattle investments in Turkey, and (ii) To evaluate the adequacy of government support for beef cattle investment spatially. Research data were collected from randomly selected 385 beef cattle farms by using questionnaires. The Valuation of real options.was assessed by using Binomial Valuation, Black-Scholes Method and Monte Carlo simulation. Tornado diagram was used for exploring sensitivity of decision variables for beef cattle investment. The results of the research showed that the classical Net Present Value (NPV) value was -200.82 thousand US $. The NPV values of the options of wait, expand, and input-output change for the beef cattle investment were US $102.37 thousand, 43.87 thousand, and 24.50 thousand, respectively. The research findings also showed that the value of real options and adequacy of government subsidies varied spatially. Based on the resuts of the sensitivity analysis, the most important variables affecting the investor's decision are carcass meat price, yield rate, capacity utilization rate, and fattening feed price, respectively. The research suggests that policy makers should consider the Spatial distribution of investment subsidies and policies to the specific needs of different regions to increase efficiency of investment support policy.

Multimedia

No record.

Cites

No record.

References

No record.

Cite

Related Journal Papers

No record.

Related Seminar Papers

No record.

Related Plans