Introduction to contemporary quantitative methods as applied to agricultural production, marketing and resource management problems in both a private and public setting. Linear programming, decision making under uncertainty, and simulation. Allen , 220B Stockbridge Principles of small business finance, credit institutions, and financial management of the small business. The development and implementation of merchandising strategies by food processors, wholesalers, and retailers. Analysis of consumer demand for food, processors' branding and promotional strategies and retail store formats.
Homework stresses application.
428 Managerial Economics in Food and Resource Industries Moffitt , 212B Stockbridge Applications of economics, statistical methods and accounting to the decision-making process. Use of computers. The course emphasis is to make previous courses deliver answers to actual situations that students could expect to see in their first jobs. Firm behavioral strategies under various market structures. Market performance including prices, costs, profits, labor issues, and progressiveness.