Expected Return and Risk - A Trade-off in Farm Enterprise Choice
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Date
1977-07
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Publisher
Ohio State University. Department of Agricultural, Environmental and Development Economics
Abstract
A modified linear programming alternative, Hazell's MDTAD model, is used to address an enterprise choice problem in which the enterprise alternatives differ substantially in average net return and risk. Examination of several specific questions related to the trade-offs between return and risk demonstrate the model's usefulness.