A DISTRIBUTION BASED APPROACH TO DECISION RISK ANALYSIS

John E. Ikerd and Kim B. Anderson

No 278147, 1986 Annual Meeting, July 27-30, Reno, Nevada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Risk management is the key to profitable decision making. Effective risk management requires integration of production, market, and financial • risks in the decision making process. Simplicity and accuracy were the primary criteria used in selecting an approach to risk analysis for use in a wide variety of decision oriented educational programs.

Keywords: Marketing; Production Economics; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 16
Date: 1986-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea86:278147

DOI: 10.22004/ag.econ.278147

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