Coping with risk in agriculture /

• Main Authors: Hardaker, J. B., (Author), Huirne, Ruud B. M., (Author), Anderson, Jock R., 1941- (Author), Lien, Gudbrand, (Author)
• Format: eBook
• Language: English
• Published: Wallingford, Oxfordshire, UK : CABI, 2004.
• Edition: Second edition.
• Subjects: Farm management > Risk assessment.; Farm management > Decision making.; Agricultural Economics.; Policy and Planning.; Mathematics and Statistics.; Agricultural policy.; Agricultural sector.; Attitudes.; Decision making.; Optimization.; Risk.; Simulation.; Statistical analysis.; Stochastic processes.; Uncertainty.; Electronic books.
• Online Access: View fulltext via EzAccess

The purpose of the first edition of the book, published in 1997, was to contribute to improved agricultural decision making by explaining what can be done in risk analysis and management. Since 1997 progress has been made in risk analysis in agriculture. The material covered in this second edition h...

Table of Contents:

• Introduction to risk in agriculture
• Decision analysis : outline and basic assumptions
• Measuring uncertainty with subjective probabilities
• Making better probability judgements
• Attitudes to risky consequences
• Integrating beliefs and preferences for decision analysis
• Decision analysis with preferences unknown
• Stochastic simulation
• Risk and mathematical programming models
• Decision analysis with multiple objectives
• Risky decision making and time
• Strategies decision makers can use to manage risk
• Risk considerations in agricultural policy making.