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| Cassidy, P.A.; Rodgers, J.L.; McCarthy, W.O.. |
| A simulation technique is advanced as a means of determining the probability of achieving various possible financial outcomes when assessing alternative investments. To this end a model is constructed and applied to a proposed investment in pasture improvement. Results are contrasted with a deterministic budget approach. The model uses triangular distributions to derive probabilistic estimates for the stochastic events considered. Possible fields of application of interest to agricultural economists are discussed. |
| Tipo: Journal Article |
Palavras-chave: Financial Economics; Risk and Uncertainty. |
| Ano: 1970 |
URL: http://purl.umn.edu/9614 |
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| Ferguson, D.C.; McCarthy, W.O.; Rodgers, J.L.. |
| A method is outlined which augments and modifies the Logan and King optimum solution of the processing plant location problem to give a number of near optimum solutions. Policy-makers can then consider jointly the comparative costs of alternative locations and their comparative noneconomic benefits. A Western Australian example involving the location of wool assembly and sampling centres is used to illustrate the method. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 1972 |
URL: http://purl.umn.edu/9650 |
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