Consideration of risk in soil conservation analysis
Setia, P.P.
Consideration of risk in soil conservation analysis - 1988 - Printed
Tables, references p. 437
Farm-level soil conservation decisions with uncertain income are examined. Results from a stochastic economics model show that the variability in farm income due to crop prices, crop yield, weather and farmers' risk attitudes influence the selection of a soil conservation management system. Public conservation programs can be more effective if they are based on analyses considering uncertainty. Two decision criteria, expected utility maximisation and safty-first, were selected to compare the ranking of certain management systems under each criterion.
English
0022-4561
Behaviour
Conservation
Mathematical and statistical methods
Mathematics
Operations research
Organization, administration and management of agricultural enterpri
Research
Resource conservation
Soil conservation
Soil management
89-041067
Consideration of risk in soil conservation analysis - 1988 - Printed
Tables, references p. 437
Farm-level soil conservation decisions with uncertain income are examined. Results from a stochastic economics model show that the variability in farm income due to crop prices, crop yield, weather and farmers' risk attitudes influence the selection of a soil conservation management system. Public conservation programs can be more effective if they are based on analyses considering uncertainty. Two decision criteria, expected utility maximisation and safty-first, were selected to compare the ranking of certain management systems under each criterion.
English
0022-4561
Behaviour
Conservation
Mathematical and statistical methods
Mathematics
Operations research
Organization, administration and management of agricultural enterpri
Research
Resource conservation
Soil conservation
Soil management
89-041067