Description

Book 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 the 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.

Table of Contents
1: Introduction to Risk in Agriculture 2: Decision Analysis: Outline and Basic Assumptions 3: Probabilities for Decision Analysis 4: More about Probabilities for Decision Analysis 5: Attitudes to Risky Consequences 6: Integrating Beliefs and Preferences for Decision Analysis 7: Decision Analysis with Preferences Unknown 8: The State-contingent Approach to Decision Analysis 9: Risk and Mathematical Programming Models 10: Decision Analysis with Multiple Objectives 11: Risky Decision Making and Time 12: Strategies Decision Makers Can Use to Manage Risk 13: Risk Considerations in Agricultural Policy Making

Coping with Risk in Agriculture: Applied Decision

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    A Paperback / softback by J Brian Hardaker, Ruud B M Huirne, Jock R Anderson

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      Book details

      Publisher CABI Publishing
      Published 23 April 2015
      ISBN-13 9781780642406
      978-1780642406
      ISBN-10 1780642407
      Also in:
      Business, Finance & Law Agribusiness and primary industries Technology, Engineering & Agriculture Agriculture and farming

      Description

      Book 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 the 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.

      Table of Contents
      1: Introduction to Risk in Agriculture 2: Decision Analysis: Outline and Basic Assumptions 3: Probabilities for Decision Analysis 4: More about Probabilities for Decision Analysis 5: Attitudes to Risky Consequences 6: Integrating Beliefs and Preferences for Decision Analysis 7: Decision Analysis with Preferences Unknown 8: The State-contingent Approach to Decision Analysis 9: Risk and Mathematical Programming Models 10: Decision Analysis with Multiple Objectives 11: Risky Decision Making and Time 12: Strategies Decision Makers Can Use to Manage Risk 13: Risk Considerations in Agricultural Policy Making

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