Lima, Dmitry; Colson, Gregory; Karali, Berna; Guerrero, … - In: Journal of Agricultural and Applied Economics 45 (2013) 04
An extension of the Guerrero et al. (2010) net present value (NPV) analysis using real options analysis (ROA) is offered to improve machinery replacement decisions. Specifically, the feasibilities of replacing natural gas irrigation systems with either electric or hybrid (electric/wind) systems...