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Author: Ingrid M. Bock
Publisher:
ISBN: 9780858730113
Category : Agriculture
Languages : en
Pages : 109
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Book Description
Author: Ingrid M. Bock
Publisher:
ISBN: 9780858730113
Category : Agriculture
Languages : en
Pages : 109
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Book Description
Author: Emery N. Castle
Publisher: Prentice Hall
ISBN:
Category : Business & Economics
Languages : en
Pages : 440
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Book Description
Author: Glenn Leroy Johnson
Publisher:
ISBN:
Category : Farm management
Languages : en
Pages : 44
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Book Description
Author: Northeart Farm Management Extension Committee
Publisher:
ISBN:
Category : Farm management
Languages : en
Pages : 72
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Book Description
Author: Charles Britt Moss
Publisher: World Scientific
ISBN: 9814287636
Category : Business & Economics
Languages : en
Pages : 307
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Book Description
1. Introduction. 1.1. Formulating the risk problem. 1.2. Decision criteria. 1.3. Decision making under risk : fact and fiction -- 2. Probability theory - a mathematical basis for making decisions under risk and uncertainty. 2.1. Set theory and probability. 2.2. Random variables. 2.3. Conditional probability and independence. 2.4. Some useful distribution functions. 2.5. Expected value, moments, and the moment generating function. 2.6. Estimating probability functions. 2.7. Martingales and random walks. 2.8. Summary -- 3. Expected utility - the economic basis of decision making under risk. 3.1. Consumption and utility. 3.2. Expected utility. 3.3. Expected value - variance and expected utility models. 3.4. Problems with expected utility. 3.5. Summary -- 4. Risk aversion in the large and small. 4.1. Arrow-Pratt risk aversion coefficient. 4.2. Eliciting risk aversion coefficients. 4.3 Summary -- 5. Portfolio theory and decision making under risk. 5.1. The expected value - variance frontier. 5.2. A simple portfolio. 5.3. A graphical depiction of the expected value-variance frontier. 5.4. Mean-variance versus direct utility maximization. 5.5. Derivation of the expected value-variance frontier. 5.6. Summary -- 6. Whole farm-planning models. 6.1. Farm portfolio models. 6.2. Minimize total absolute deviation. 6.3. Focus-loss. 6.4. Target MOTAD. 6.5. Direct utility maximization. 6.6. Discrete sequential stochastic programming. 6.7. Chance-constrained programming. 6.8. Interpreting shadow values from risk programming models. 6.9. Summary -- 7. Risk efficiency approaches - stochastic dominance. 7.1. Stochastic dominance. 7.2. Applications of stochastic dominance. 7.3. Summary -- 8. Dynamic decision rules and the value of information. 8.1. Decision making and Bayesian probabilities. 8.2. Concepts of information. 8.3. A model of information. 8.4. Summary -- 9. Market models of decision making under risk. 9.1. Risk equilibrium from the consumer's point of view. 9.2. The role of the riskless asset. 9.3. Risk equilibrium from the firm's perspective. 9.4. Arbitrage pricing theorem. 9.5. Empirical applications of capital market models. 9.6. Summary -- 10. Option pricing approaches to risk. 10.1. Introductions to options and futures. 10.2. Real option valuation. 10.3. Crop insurance. 10.4. Summary -- 11. State contingent production model : the stochastic production set. 11.1. Depicting risk and input decisions in the production function. 11.2. State Production set and input requirement set. 11.3. Distance functions and risk aversion. 11.4. Summary -- 12. Risk, uncertainty, and the agricultural firm - a summary and outlook
Author: Peter L Nuthall
Publisher: CABI
ISBN: 1789240735
Category : Technology & Engineering
Languages : en
Pages : 291
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Book Description
The underlying economic factors that affect primary production are frequently studied and written about - soil quality, animal health, climate, machinery - but this is the first book to explore the role of the decision psychology of the manager running the farm business, the person responsible for staff, strategic and operational decisions and the success or failure of financial and other objective outcomes. This second edition addresses fundamental questions such as the process of decision making, personal skills, and methods to improve managerial ability. It is an essential reference for farm managers and students in farm economics and management. Key Features: This is the first farm business management book published worldwide focused on human factors and decision making in primary production The second edition introduces two new chapters covering the key decision method, intuition and its enhancement, and the importance of human characteristics in a range of decision topics and areas
Author: Ruth Gasson
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 32
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Book Description
Farming as it is practised in market industrialized countries is predominantly a family business. This book argues that the nature of the farm business cannot be properly understood without reference to the family that operates it. Examples are taken from the UK, USA, Europe and Australasia.
Author: David Kahan
Publisher: Food & Agriculture Organization of the UN (FAO)
ISBN:
Category : Business & Economics
Languages : en
Pages : 110
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Book Description
This series was developed to help extension workers provide support to farmers in dealing with the new challenges that arise from market-oriented farming. The aim is to contribute to building their capacity and skills in farm management and through them, the capacity and skills of the farmers with whom they work. The intention is to help farmers understand why they make the choices they make and how they can improve their decision making skills.
Author: Ale Smidts
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 348
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Book Description
Cum laude graduation (with distinction).
Author: Peter L. Nuthall
Publisher: CABI
ISBN: 1845938399
Category : Technology & Engineering
Languages : en
Pages : 463
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Book Description
This book discusses the methods to determine optimal systems in farm business management. The methods are all about problem solving, as any decision situation implies choice and, therefore, requires a method for deciding which alternative maximizes the objectives. The book is not, however, about carrying out the optimal plans. Most of the chapters relate to quantitative methods and qualitative analysis. The book has a penultimate chapter discussing a number of analytical models that are commonly used in urban business but which are less important in primary production. The results of farming systems analyses can have a major impact on good decision-making in any primary producing community. Some of the methods might be used by farmers themselves, but more likely by farm advisors and consultants, and by farm management researchers interested in, firstly, providing farmers with guidance on optimal systems, and, secondly, providing governments with advice on the impact of farm policy measures.
