A Case Study of Timeliness in the Selection of Risk-Efficient Machinery Complements
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Published:1990-12
Issue:2
Volume:22
Page:165-177
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ISSN:1074-0708
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Container-title:Journal of Agricultural and Applied Economics
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language:en
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Short-container-title:J. Agric. Appl. Econ.
Author:
Wetzstein Michael E.,Musser Wesley N.,McClendon Ronald W.,Edwards David M.
Abstract
Abstract The importance of timeliness is investigated in the selection of machinery complements for double-crop wheat and soybean production in the southeastern coastal plain. An intertemporal stochastic simulation model was developed to generate probability distributions that were evaluated with stochastic dominance analysis. This research investigated the importance of intertemporal production linkages and inadequate soil moisture on machinery selection. Failure to include these dimensions can result in erroneous machinery choices.
Publisher
Cambridge University Press (CUP)
Subject
Economics and Econometrics,Agricultural and Biological Sciences (miscellaneous)
Reference31 articles.
1. Machinery Selection Considering Timeliness Losses
2. Kletke D.D. Operations Manual for the Oklahoma State University Enterprise Budget Generator. Oklahoma Agricultural Experiment Station Research Report P1979, August, 1979.
Cited by
1 articles.
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