money image by cherie from Fotolia.com. Economic models help managers and economists analyze the economic decision-making process. Each model relies on a number of assumptions, or basic factors that are present in all decision situations.he fundamental basis of economic decision making is individuals' or organizations' desire to maximize benefits while minimizing costs. This balancing act is referred to as maximizing value, and it is a skill that takes practice to master.
Most cattle producers are familiar with the term feed conversion.. Advertisement. Most cattle producers are familiar with the term feed conversion.. It is simply the amount of feed an animal consumes as compared to the amount of body weight gained, expressed as a ratio. Feed conversion ratios in the neighborhood of 6:1 (6 lbs of feed per pound of gain) are common in modern beef cattle feedlots. Stocker cattle producers are also interested in feed conversion, but the calculation is a little different.
Since stocking rates can be increased if calves are creep fed, feed conversion efficiency is often difficult to calculate. Assuming no change in stocking rate, the feed conversion could range from 5 to 20 kg (with 8-10 kg being common) of creep feed per kilogram of additional gain.nder most pasture conditions, the average increase in weaning weight is 18 kg (40 lb) - with 10 to 27 kg (25-60 lb) being common. Calves sucking good milking dams on good pasture will gain little from creep feeding, but if milk and/or pasture are poor, weaning weights can be substantially improved by creep feeding.