ACCOUNTING FOR RISK COEFFICIENTS IN RURAL AGRICULTURAL PRODUCERS' ENTERPRISE CHOICES
The study looks at the problems of estimating variances and covariances used as measured of risk in designated farm planning tools. The triangular distribution technique which make use of the range as a measure of variability. is used to generate variance-covariance matrices for a selected represent...
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| Format: | Online |
| Idioma: | anglès |
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The Faculty of Agriculture Obafemi Awolowo University, Ile-Ife, Nigeria.
2020
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| Accés en línia: | https://ija.oauife.edu.ng/index.php/ija/article/view/492 |
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| _version_ | 1810820090476625920 |
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| author | AWOYOMI, BABAFEMI |
| author_facet | AWOYOMI, BABAFEMI |
| author_sort | AWOYOMI, BABAFEMI |
| collection | OJS |
| description | The study looks at the problems of estimating variances and covariances used as measured of risk in designated farm planning tools. The triangular distribution technique which make use of the range as a measure of variability. is used to generate variance-covariance matrices for a selected representative group of Livestock producers (as an alternative methodology).
A linear programming risk simulation model. which used the variances and covariances generated through the aforementioned procedure. was specified to map out an Income-Risk (E-V) efficiency frontier for representative producers. The results confirm an earlier statement by Brennan (1982) that "the range is equally as efficient as any other sophisticated measure of risk .......... ". |
| format | Online |
| id | oai:ojs2.ija.oauife.edu.ng:article-492 |
| institution | My University |
| language | eng |
| publishDate | 2020 |
| publisher | The Faculty of Agriculture Obafemi Awolowo University, Ile-Ife, Nigeria. |
| record_format | ojs |
| spelling | oai:ojs2.ija.oauife.edu.ng:article-4922020-10-05T15:48:35Z ACCOUNTING FOR RISK COEFFICIENTS IN RURAL AGRICULTURAL PRODUCERS' ENTERPRISE CHOICES AWOYOMI, BABAFEMI Risk coefficients, Rural agricultural producers, Linear programming and efficiency frontier. The study looks at the problems of estimating variances and covariances used as measured of risk in designated farm planning tools. The triangular distribution technique which make use of the range as a measure of variability. is used to generate variance-covariance matrices for a selected representative group of Livestock producers (as an alternative methodology). A linear programming risk simulation model. which used the variances and covariances generated through the aforementioned procedure. was specified to map out an Income-Risk (E-V) efficiency frontier for representative producers. The results confirm an earlier statement by Brennan (1982) that "the range is equally as efficient as any other sophisticated measure of risk .......... ". The Faculty of Agriculture Obafemi Awolowo University, Ile-Ife, Nigeria. 2020-10-05 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://ija.oauife.edu.ng/index.php/ija/article/view/492 Ife Journal of Agriculture; Vol. 12 No. 1 (1990): Ife Journal of Agriculture; 94-103 0331-6351 eng https://ija.oauife.edu.ng/index.php/ija/article/view/492/373 Copyright (c) 2020 Ife Journal of Agriculture |
| spellingShingle | Risk coefficients, Rural agricultural producers, Linear programming and efficiency frontier. AWOYOMI, BABAFEMI ACCOUNTING FOR RISK COEFFICIENTS IN RURAL AGRICULTURAL PRODUCERS' ENTERPRISE CHOICES |
| title | ACCOUNTING FOR RISK COEFFICIENTS IN RURAL AGRICULTURAL PRODUCERS' ENTERPRISE CHOICES |
| title_full | ACCOUNTING FOR RISK COEFFICIENTS IN RURAL AGRICULTURAL PRODUCERS' ENTERPRISE CHOICES |
| title_fullStr | ACCOUNTING FOR RISK COEFFICIENTS IN RURAL AGRICULTURAL PRODUCERS' ENTERPRISE CHOICES |
| title_full_unstemmed | ACCOUNTING FOR RISK COEFFICIENTS IN RURAL AGRICULTURAL PRODUCERS' ENTERPRISE CHOICES |
| title_short | ACCOUNTING FOR RISK COEFFICIENTS IN RURAL AGRICULTURAL PRODUCERS' ENTERPRISE CHOICES |
| title_sort | accounting for risk coefficients in rural agricultural producers enterprise choices |
| topic | Risk coefficients, Rural agricultural producers, Linear programming and efficiency frontier. |
| topic_facet | Risk coefficients, Rural agricultural producers, Linear programming and efficiency frontier. |
| url | https://ija.oauife.edu.ng/index.php/ija/article/view/492 |
| work_keys_str_mv | AT awoyomibabafemi accountingforriskcoefficientsinruralagriculturalproducersenterprisechoices |