{"id":"https://openalex.org/W2010293020","doi":"https://doi.org/10.2307/1238224","title":"Time Horizon, Objective Function, and Uncertainty in a Multiperiod Model of Firm Growth","display_name":"Time Horizon, Objective Function, and Uncertainty in a Multiperiod Model of Firm Growth","publication_year":1971,"publication_date":"1971-08-01","ids":{"openalex":"https://openalex.org/W2010293020","doi":"https://doi.org/10.2307/1238224","mag":"2010293020"},"language":"en","primary_location":{"id":"doi:10.2307/1238224","doi":"https://doi.org/10.2307/1238224","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1238224","pdf_url":null,"source":{"id":"https://openalex.org/S91754907","display_name":"American Journal of Agricultural Economics","issn_l":"0002-9092","issn":["0002-9092","1467-8276"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"American Journal of Agricultural Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5051641002","display_name":"Jean-Marc Boussard","orcid":"https://orcid.org/0000-0002-8494-1830","observed_orcids":["https://orcid.org/0000-0002-8494-1830"]},"institutions":[{"id":"https://openalex.org/I4387154544","display_name":"Institut National de la Recherche Agronomique","ror":"https://ror.org/01x3gbx83","country_code":"FR","type":"funder","lineage":["https://openalex.org/I4210088668","https://openalex.org/I4387154544"]}],"countries":["FR"],"is_corresponding":true,"raw_author_name":"Jean\u2010Marc Boussard","raw_affiliation_strings":["Institut National de la Recherche Agronomique Economie et Sociologie Rurales, Paris"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Institut National de la Recherche Agronomique Economie et Sociologie Rurales, Paris","institution_ids":["https://openalex.org/I4387154544"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5051641002"],"corresponding_institution_ids":["https://openalex.org/I4387154544"],"apc_list":{"value":3750,"currency":"USD","value_usd":3750},"apc_paid":null,"fwci":15.2183,"has_fulltext":false,"cited_by_count":37,"citation_normalized_percentile":{"value":0.98319061,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":96},"biblio":{"volume":"53","issue":"3","first_page":"467","last_page":"477"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11805","display_name":"Agricultural economics and policies","score":0.9746000170707703,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11805","display_name":"Agricultural economics and policies","score":0.9746000170707703,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12709","display_name":"Optimization and Mathematical Programming","score":0.007899999618530273,"subfield":{"id":"https://openalex.org/subfields/2207","display_name":"Control and Systems Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.0027000000700354576,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/multi-period-planning","display_name":"multi-period planning","score":0.6209999918937683},{"id":"https://openalex.org/keywords/farm-growth","display_name":"farm growth","score":0.6759999990463257},{"id":"https://openalex.org/keywords/turnpike-theorem","display_name":"turnpike theorem","score":0.7799999713897705},{"id":"https://openalex.org/keywords/consumption-smoothing","display_name":"consumption smoothing","score":0.41999998688697815},{"id":"https://openalex.org/keywords/uncertainty","display_name":"uncertainty","score":0.5230000019073486},{"id":"https://openalex.org/keywords/objective-function","display_name":"objective function","score":0.4950000047683716}],"concepts":[{"id":"https://openalex.org/C28761237","wikidata":"https://www.wikidata.org/wiki/Q7805321","display_name":"Time horizon","level":2,"score":0.7984868288040161},{"id":"https://openalex.org/C159176650","wikidata":"https://www.wikidata.org/wiki/Q43261","display_name":"Horizon","level":2,"score":0.718855619430542},{"id":"https://openalex.org/C2776036281","wikidata":"https://www.wikidata.org/wiki/Q48769818","display_name":"Constraint (computer-aided design)","level":2,"score":0.6866247653961182},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.629855751991272},{"id":"https://openalex.org/C2780586882","wikidata":"https://www.wikidata.org/wiki/Q7520643","display_name":"Simple (philosophy)","level":2,"score":0.6205892562866211},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.6132071614265442},{"id":"https://openalex.org/C160623529","wikidata":"https://www.wikidata.org/wiki/Q273088","display_name":"Arbitrage","level":2,"score":0.5665047764778137},{"id":"https://openalex.org/C14036430","wikidata":"https://www.wikidata.org/wiki/Q3736076","display_name":"Function (biology)","level":2,"score":0.5566377639770508},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.506463885307312},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.46053388714790344},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.43004918098449707},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.32961297035217285},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.22937151789665222},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.09943005442619324},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.2307/1238224","doi":"https://doi.org/10.2307/1238224","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1238224","pdf_url":null,"source":{"id":"https://openalex.org/S91754907","display_name":"American Journal of Agricultural Economics","issn_l":"0002-9092","issn":["0002-9092","1467-8276"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"American Journal of Agricultural Economics","raw_type":"journal-article"},{"id":"pmh:oai:HAL:hal-02730329v1","doi":null,"is_oa":false,"landing_page_url":"https://hal.inrae.fr/hal-02730329","pdf_url":null,"source":{"id":"https://openalex.org/S4306402512","display_name":"HAL","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4405252976","host_organization_name":"Centre pour la Communication Scientifique Directe","host_organization_lineage":["https://openalex.org/I4405252976"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"https://academic.oup.com/ajae","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:oup:ajagec:v:53:y:1971:i:3:p:467-477.","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.2307/1238224","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":14,"referenced_works":["https://openalex.org/W581819494","https://openalex.org/W2001536226","https://openalex.org/W2030284090","https://openalex.org/W2054362147","https://openalex.org/W2077852703","https://openalex.org/W2252860638","https://openalex.org/W2261229061","https://openalex.org/W2273133310","https://openalex.org/W2320411415","https://openalex.org/W2321765441","https://openalex.org/W2323056489","https://openalex.org/W2324270517","https://openalex.org/W2580645530","https://openalex.org/W2801663890"],"related_works":["https://openalex.org/W1591056442","https://openalex.org/W1973586226","https://openalex.org/W2613377194","https://openalex.org/W7048982090","https://openalex.org/W849422986","https://openalex.org/W7067707482","https://openalex.org/W2742236158","https://openalex.org/W1459656284","https://openalex.org/W2774711972","https://openalex.org/W2273133310"],"abstract_inverted_index":{"Abstract":[0],"The":[1,45,52,108],"growing":[2],"literature":[3],"pertaining":[4],"to":[5,26,81,94,119],"multiperiod":[6],"programming":[7],"models":[8],"of":[9,24,43,55,61,70,92,105,110],"farm":[10],"growth":[11],"raises":[12],"three":[13],"problems":[14],"that":[15],"are":[16,50],"ordinarily":[17],"solved":[18],"with":[19],"makeshift":[20],"solutions:":[21],"the":[22,30,33,41,56,59,62,68,83,102,113],"duration":[23],"time":[25],"be":[27],"included":[28],"within":[29],"planning":[31,63,106,115],"horizon;":[32],"arbitrage":[34],"between":[35,47],"present":[36],"and":[37,40,86],"future":[38],"consumption;":[39],"introduction":[42,109],"uncertainty.":[44],"connections":[46],"these":[48],"questions":[49],"shown.":[51],"net":[53],"worth":[54],"firm":[57],"at":[58],"end":[60],"horizon":[64,116],"is":[65,79],"maximized":[66],"under":[67],"constraint":[69],"a":[71,96],"linear":[72],"consumption":[73],"function.":[74],"In":[75],"this":[76,120],"case":[77],"it":[78],"possible":[80],"use":[82],"turnpike":[84],"theorem":[85],"some":[87],"additional":[88],"theorems":[89],"on":[90,101],"separability":[91],"matrices":[93],"derive":[95],"simple":[97],"rule":[98],"for":[99],"deciding":[100],"appropriate":[103],"length":[104],"horizon.":[107],"uncertainty":[111],"shortens":[112],"practical":[114],"defined":[117],"according":[118],"rule.":[121]},"counts_by_year":[{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}