Risk Programming: An Aid in Planning Reservoir-Irrigation Systems

J. R. Conner, R. J. Freund and M. R. Godwin

American Journal of Agricultural Economics, 1972, vol. 54, issue 2, 249-254

Abstract: Risk programming and simulation are used to develop a model which illustrates the effects of risk on farmers' managerial decisions and the optimal design parameters of a reservoir-irrigation system. Since variations in water availability affect enterprise choice and farm income, farmers' reactions to risk are deemed important.

Date: 1972
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