EVALUATION OF OPTIMUM REGRET DECISIONS IN CROP SELLING

Lynn Lutgen and Glenn A. Helmers

No 20735, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Minimum regret solutions from alternative monthly sales for corn, wheat, and soybeans were determined. The data set involved eleven years of monthly prices for corn and soybeans and twelve years for wheat. The regret, risk (MOTAD), and expected value of the optimum regret solutions were compared to solutions using other optimizing techniques.

Keywords: Marketing (search for similar items in EconPapers)
Pages: 14
Date: 2001
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/20735/files/sp01lu01.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20735

DOI: 10.22004/ag.econ.20735

Access Statistics for this paper

More papers in 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().