PROGRAMMING FOR EFFICIENT PLANNING AGAINST NON-NORMAL RISK

Jock Anderson ()

Australian Journal of Agricultural Economics, 1975, vol. 19, issue 2, 14

Abstract: A planning methodology is developed based on Monte Carlo sampling of plans and sorting out inefficient plans according to the rules of stochastic dominance. Illustrations and methodological comparison are made in a context of farm planning under risk, and an application in income stabilization research is indicated.

Keywords: Farm; Management (search for similar items in EconPapers)
Date: 1975
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22556

DOI: 10.22004/ag.econ.22556

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