Data/hora: 11/06/2024 07:01:07

Provedor de dados: 	31	
País: 	United States	
Título: 	Assisting Whole-Farm Decision-Making Through Stochastic Budgeting	
Autores: 	Lien,   Gudbrand D.	
Data: 	2006-05-25	
Ano: 	2002	
Palavras-chave: 	Decision analysis; Whole-farm stochastic budgeting; Monte Carlo simulation; Real option; Farm Management.	
Resumo: 	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.	
Tipo: 	Conference Paper or Presentation	
Idioma: 	Inglês	
Identificador: 	21618

http://purl.umn.edu/24903	
Editor: 	AgEcon Search	
Relação: 	European Association of Agricultural Economists&gt;2002 International Congress, August 28-31, 2002, Zaragoza, Spain

Contributed Paper	
Formato: 	12

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