Investment and the dynamic cost of income uncertainty: the case of diminishing expectations in agriculture

DOI10.1016/j.ejor.2007.10.023zbMath1157.90492OpenAlexW2151106247MaRDI QIDQ1011196

J. Martínez

Publication date: 8 April 2009

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://ageconsearch.umn.edu/record/11868/files/dp060005.pdf

zbMATH Keywords

stochastic programminginvestment analysisreal optionsOR in agriculture

Mathematics Subject Classification ID

Stochastic programming (90C15) Production models (90B30) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)

Related Items

Overinvestment and macroeconomic uncertainty: evidence from renewable and non-renewable resource firms, Real options in operations research: a review, A multi-stage stochastic optimization model of a pastoral dairy farm, An examination of the role of price insurance products in stimulating investment in agriculture supply chains for sustained productivity, An integer programming dynamic farm-household model to evaluate the impact of agricultural policy reforms on farm investment behaviour, Investment and the dynamic cost of income uncertainty: the case of diminishing expectations in agriculture

Uses Software

• EVPI

Cites Work

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• Investment and the dynamic cost of income uncertainty: the case of diminishing expectations in agriculture
• Optimal risk adoption: a real options approach
• EVPI-based importance sampling solution procedures for multistage stochastic linear programmes on parallel MIMD architectures
• How real option disinvestment flexibility augments project NPV
• Introduction to Stochastic Programming