A Case Study of Timeliness in the Selection of Risk-Efficient Machinery Complements

Michael E. Wetzstein, Wesley Musser, Ronald W. McClendon and David M. Edwards

Journal of Agricultural and Applied Economics, 1990, vol. 22, issue 2, 165-177

Abstract: The importance of timeliness is investigated in the selection of machinery complements for double-crop wheat and soybean production in the southeastern coastal plain. An intertemporal stochastic simulation model was developed to generate probability distributions that were evaluated with stochastic dominance analysis. This research investigated the importance of intertemporal production linkages and inadequate soil moisture on machinery selection. Failure to include these dimensions can result in erroneous machinery choices.

Date: 1990
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Journal Article: A CASE STUDY OF TIMELINESS IN THE SELECTION OF RISK-EFFICIENT MACHINERY COMPLEMENTS (1990)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:22:y:1990:i:02:p:165-177_00

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