Hostname: page-component-cd9895bd7-dk4vv Total loading time: 0 Render date: 2024-12-24T13:11:42.697Z Has data issue: false hasContentIssue false

Risk-Return Assessment of Irrigation Decisions in Humid Regions: An Extension

Published online by Cambridge University Press:  05 September 2016

Bernard V. Tew
Affiliation:
Department of Agricultural and Natural Resource Economics, Colorado State University
William G. Boggess
Affiliation:
Department of Food and Resource Economics, University of Florida

Abstract

The risk effects of irrigation scheduling in a sub-humid climate have been well documented recently using approximations of the variance of net returns. A method to determine the exact variance of net returns assuming only multivariant normality is presented. The approximation technique in contrast to the method presented in this research was shown to have a non-uniform effect on the variance of net returns of each schedule.

Type
Notes
Copyright
Copyright © Southern Agricultural Economics Association 1984

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Anderson, Jock R., Dillon, John J. and Hardaker, Brian. Agricultural Decision Analysis. Iowa State University Press; Ames, Iowa, 1977.Google Scholar
Boggess, W. G., Lynne, G. D., Jones, J. W. and Swaney, D. P.Risk-Return Assessment of Irrigation Decisions in Humid Regions.So. J. Agr. Econ., 15(1983):135144.Google Scholar
Bohrnstedt, George W. and Goldberger, Arthur S.. “On the Exact Covariance of Products of Random Variables.Amer. Stat. Assoc. J., 64(1969):14391442.CrossRefGoogle Scholar
Burt, O. R. and Finley, R. M.Statistical Analysis of Identities in Random Variables.Amer. J. Agr. Econ., 50(1968):734744.CrossRefGoogle Scholar
Goodman, Leo A.On Exact Variance of Products.Amer. Stat. Assoc. J., 55(1960):708713.CrossRefGoogle Scholar
Musser, Wesley N. and Tew, Bernard V.. “Uses of Biophysical Simulation in Production Economics.So. J. Agr. Econ., 16(1984):7786.Google Scholar
Tew, Bernard V. An Expected Value-Variance Analysis of Alternative Production Systems: A Study of Irrigation Schedules in the Georgia Coastal Plain; Unpublished Ph.D. Thesis; University of Georgia; Athens, 1984.Google Scholar