This study used a stochastic bioeconomic
simulation model to simulate the business and financial
risk of different broiler production systems over a
5-yr period. Simulation analysis was conducted using
the @Risk add-in in MS Excel. To compare the impact
of different production systems on economic feasibility,
2 cases were considered. The first case focused on
the economic feasibility of a completely new system,
whereas the second examined economic feasibilities
when a farm switches from a conventional to an animal
welfare-improving production system. A sensitivity
analysis was conducted to assess the key drivers of
economic feasibility and to reveal systematic differences
across production systems