Marginal Risk Constraint Linear Program for Activity Analysis

Joyce T. Chen and C. B. Baker

American Journal of Agricultural Economics, 1974, vol. 56, issue 3, 622-627

Abstract: A dichotomous Marginal Risk Constraint (MRC) criterion is proposed to take explicit account of activity income covariance relationships and to restrict the choice of activities within the range of rational combinations. A parametric LP solution procedure is also presented. The E,V boundary approximated is satisfactorily close to that generated from QP.

Date: 1974
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