Assisting whole-farm decision-making through stochastic budgeting /доклад на 10 конгрессе ЕААЕ, Exploring Diversity in the European Agri-Food System, Zaragoza, Spain, 28-31 August 2002
Опубликовано на портале: 30-11-2003
Stochastic budgeting is used to simulate the business and financial risk and the performance over a six-year planning horizon on a Norwegian dairy farm. A major difficulty with stochastic whole-farm budgeting lies in identifying and measuring dependency relationships between stochastic variables. Some methods to account for these stochastic dependencies are illustrated. The financial feasibility of different investment and management strategies is evaluated. In contrast with earlier studies with stochastic farm budgeting, the option aspect is included in the analysis.
decision analysis management strategy monte carlo simulations real option whole-farm stochastic budgeting
A Note on Model Selection in (Time Series) Regression Models - General-to-Specific or Specific-to-General?
Economics Working Papers of Department of Economics and Business, Universitat Pompeu Fabra. 2007. No. 2007-09.
Employing Real Options methodology for decision making in greenhouse technology /доклад на 10 конгрессе ЕААЕ, Exploring Diversity in the European Agri-Food System, Zaragoza, Spain, 28-31 August 2002
Discussion Paper Series 1: Economic Studies. 2007. No. 10/2007.