Coping with risk in agriculture : applied decision analysis

✍ Scribed by J. Brian Hardaker, Gudbrand Lien, Jock R. Anderson, Ruud B. M. Huirne

• Publisher: CABI
• Year: 2015
• Tongue: English
• Leaves: 290
• Edition: 3
• Category: Library

✦ Synopsis

"Risk and uncertainty are inescapable factors in agriculture which require careful management. Farmers face production risks from the weather, crop and livestock performance, and pests and diseases, as well as institutional, personal and business risks. This revised third edition of this popular textbook includes updated chapters on theory and methods and contains a new chapter discussing the state-contingent approach to the analysis of production and the use of copulas to better model stochastic dependency. Aiming to introduce agricultural decision making, probability and risk preference, this book is an indispensable guide for students and researchers of agriculture and agribusiness management." --Cover. �Read more...

Abstract:

A fully revised and updated new edition of this unique textbook, covers advances to commercial software that make possible kinds of analysis that were not widely available when the previous edition was published. �Read more...

✦ Table of Contents

Content: Introduction to risk in agriculture --
Decision analysis: outline and basic assumptions --
Probabilities for decision analysis --
More about probabilities for decision analysis --
Attitudes to risky consequences --
Integrating beliefs and preferences for decision analysis --
Decision analysis with preferences unknown --
The state-contingent approach to decision analysis --
Risk and mathematical programming models --
Decision analysis with multiple objectives --
Risky decision making and time --
Strategies decision makers can use to manage risk --
Risk considerations in agricultural policy making.

✦ Subjects

Менеджмент;Риск-менеджмент;