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Using 11 years of experimental crop yields by cropping systems and fertilizer level, a MOTAD frontier was developed. This analysis allowed yield, cost, and stability interactions arising from crop sequences to be implicitly included. Target-MOTAD, Safety-First, and undominated stochastic...
Persistent link: https://www.econbiz.de/10005501164
Using a non-parametric linear programming approach, our contribution is (1) to examine the impact of incorporating risk in efficiency analysis and (2) to compare the efficiency measures with and without risk for continuous and rotation cropping systems. The model uses Nebraska cropping system...
Persistent link: https://www.econbiz.de/10005522198
Selected risk programming solutions (i.e., profit maximization, Target-MOTAD, and MOTAD) are tested in an economic environment outside the data set from which they were developed. Specifically, solutions are derived from either a longer 10-year (1965-74) or shorter 6-year estimation period...
Persistent link: https://www.econbiz.de/10005798741