|
|
|
|
|
| Schulte-Geers, Matthias; Berg, Ernst. |
| The optimisation of production plans is an important topic in agriculture, often related to diversification and specialisation as the classical instruments of coping with production risk. Although the measurement of embedded risk is often inaccurate, it is nevertheless necessary for decision making to describe the common behaviour of different variables in a model. Imprecisely defined relationships influence the “right” choice, why it is important to find a good approximation of the real circumstances. In financial science, copula functions are frequently used instead of correlation coefficients to model joint price behaviour, because of the possibility to link the marginal distributions on multifarious ways. By now, agricultural science makes less use of... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Copula; Risk; Weather derivatives; Risk and Uncertainty. |
| Ano: 2011 |
URL: http://purl.umn.edu/115996 |
| |
|
| |
|
|
|
