RISK-RETURNS CRITERIA IN SELECTING FARM MACHINERY

William Edwards and Michael Boehlje

No 278201, 1979 Annual Meeting, July 29-August 1, Pullman, Washington from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Risk preferences can be introduced into machinery selection by estimating the mean and standard deviation for total costs, including timeliness costs, associated with various machinery sets. Risk-returns criteria tested included E, V and E, S frontiers, cost-variance, upper confidence limits and maximum affordable cost.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 13
Date: 1979-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea79:278201

DOI: 10.22004/ag.econ.278201

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