PROGRAMMING FOR EFFICIENT PLANNING AGAINST NON-NORMAL RISK

A planning methodology is developed based on Monte Carlo sampling of plans and sorting out inefficient plans according to the rules of stochastic dominance. Illustrations and methodological comparison are made in a context of farm planning under risk, and an application in income stabilization research is indicated.

MoreLess

Year of publication:	1975
Authors:	Anderson, Jock R.
Published in:	Australian Journal of Agricultural Economics. - Australian Agricultural and Resource Economics Society - AARES. - Vol. 19.1975, 02
Publisher:	Australian Agricultural and Resource Economics Society - AARES
Subject:	Farm Management

More details

Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005330600