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Registros recuperados: 26
Primeira ... 12 ... Última
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Assisting Whole-Farm Decision-Making through Stochastic Budgeting AgEcon
Lien, Gudbrand D..
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 Palavras-chave: Farm Management.
Ano: 2002 URL: http://purl.umn.edu/6950
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Simulating Multivariate Distributions with Sparse Data: A Kernal Density Smoothing Procedure AgEcon
Lien, Gudbrand D.; Hardaker, J. Brian; Richardson, James W..
Often analysts must conduct risk analysis based on a small number of observations. This paper describes and illustrates the use of a kernel density estimation procedure to smooth out irregularities in such a sparse data set for simulating univariate and multivariate probability distributions.
Tipo: Conference Paper or Presentation Palavras-chave: Stochastic simulation; Smoothing; Multivariate kernel estimator; Parzen; Research Methods/ Statistical Methods; Q12; C8.
Ano: 2006 URL: http://purl.umn.edu/25449
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Risk and Risk Management in Organic and Conventional Dairy Farming: Empirical Results from Norway AgEcon
Lien, Gudbrand D.; Flaten, Ola; Ebbesvik, Martha; Koesling, Matthias; Valle, Paul Steinar.
The objective of this study was to provide empirical insight into dairy farmers' goals, relative risk attitude, sources of risk and risk management responses. The study also examines whether organic dairy farming, leads to important risk sources not experienced in conventional farming and, if so, how those extra risks is managed. The data originate from a questionnaire survey of conventional (n=370) and organic (n=160) dairy farmers in Norway. The results show that organic farmers have somewhat different goals than conventional farmers, and that the average organic farmer is less risk averse. Institutional risk was perceived as the most important source of risk, independently of conventional or organic production system, while organic farmers indicated...
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries; Risk and Uncertainty.
Ano: 2003 URL: http://purl.umn.edu/24382
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A Multicriteria Evaluation by the Public Approval of Pesticides – A Case with the Plant-Growth Regulators in Grain AgEcon
Refsgaard, Karen; Flaten, Ola; Gudem, Runchild; Lien, Gudbrand D..
Our object is to develop a method for the public approval and re-evaluation of pesticides that emphasises a wide evaluation of social benefits. This is done through the case for the three plant-growth regulators approved for use in Norwegian grain production at present: chlormequat chloride, ethephon and trinexapacethyl. A multicriteria method is founded on the premises for an expert based model as opposed to e.g. a market based model. It seems to be a possible method that allows for the use of several incommensurable criteria in the approval process by National Agricultural Inspection Service (NAIS). Furthermore, it results in greater transparency, which may be an important quality in a public decision process. However, there are problems connected to a...
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management.
Ano: 2002 URL: http://purl.umn.edu/6952
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Life and work on small-scale farms in Norway: an outlook based on survey results linked to financial data AgEcon
Lien, Gudbrand D.; Bergfjord, Ole Jakob; Hoveid, Oyvind.
This paper studies what causes (small-scale) farmers to leave their farms and typically move to urban areas. A data set is constructed by linking survey results with financial data, and the data set is analyzed by multivariate statistical techniques. Our results indicate that, while existence and size of future farm production is important, there is also a difference between farmers who primarily have financial objectives for their farming, and those who have more lifestyle oriented objectives. The latter group is, everything else being equal, more likely to stay on the farm. This could imply that, if preventing migration from rural to urban areas is a policy objective, production support schemes will be effective for some groups, but will be less...
Tipo: Conference Paper or Presentation Palavras-chave: Migration; Farmer objectives; Agricultural policy; Structural equation modelling; Agricultural and Food Policy; Research Methods/ Statistical Methods.
Ano: 2009 URL: http://purl.umn.edu/52849
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Optimal Length of Leys in an Area with Winter Damage Problems – Optimal Economic Lengths of Leys AgEcon
Hegrenes, Agnar; Lien, Gudbrand D.; Hardaker, J. Brian.
The optimal economic life cycle of grass leys with winter damage problems in northern Norway and the threshold of winter damage before it is profitable to re-seed grasses are investigated. The loss in profit of a sub-optimal strategy compared to an optimal strategy is briefly discussed. An infinite horizon stochastic dynamic programming model including a normally distributed yield process with possibilities for discrete downward jumps is developed. The jump process reflects the sudden drop in production after winter damage. Normally the yield of ley increases the first few years after a year with downward jump, and this dynamic is included in the model. The transition probabilities used in the model are estimated with Monte Carlo simulation. Our result...
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management.
Ano: 2002 URL: http://purl.umn.edu/6945
Registros recuperados: 26
Primeira ... 12 ... Última
 

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