Multiple Criteria Decision Making: Method Selection And Application To Three Contrasting Agricultural Case Studies

A.E. Dooley, Gavin W. Sheath and D. Smeaton

No 98510, 2005 Conference, August 26-27, 2005, Nelson, New Zealand from New Zealand Agricultural and Resource Economics Society

Abstract: Agribusiness, farm business and agricultural-environmental decisions which varied in their characteristics were used to evaluate multiple criteria decision making (MCDM) in an agricultural context. This paper discusses differences between the case studies, strengths and weaknesses of the methods used, and the success of the MCDM process based on participants’ expectations and experiences. While MCDM can help identify the best decision, the main benefits identified in using MCDM included better understanding of their own and other’s perspectives, a means to explain the decision and a structured way to work through the decision process. Key problem areas identified included time limitations, understanding and ownership.

Keywords: Agribusiness; Agricultural Finance; Consumer/Household Economics; Crop Production/Industries; Environmental Economics and Policy; Farm Management; Land Economics/Use (search for similar items in EconPapers)
Pages: 17
Date: 2005-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nzar05:98510

DOI: 10.22004/ag.econ.98510

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