Coping With Risk in Agriculture

Coping With Risk in Agriculture Edition 3

Applied Decision Analysis

J. Brian Hardaker, Gudbrand Lien, Jock R. Anderson and Ruud B. M. Huirne
Paperback
June 2015
9781780642406
More details
  • Publisher
    CABI
  • Published
    3rd June 2015
  • ISBN 9781780642406
  • Language English
  • Pages 296 pp.
  • Size 7.5" x 9.625"
  • Images graphs, tables & figures
  •    Request Exam Copy
$80.00
Add to Cart
Hardback
June 2015
9781780645742
More details
  • Publisher
    CABI
  • Published
    3rd June 2015
  • ISBN 9781780645742
  • Language English
  • Pages 296 pp.
  • Size 7.5" x 9.625"
  • Images graphs, tables & figures
  •    Request Exam Copy
$176.75
Add to Cart

Risk and uncertainty are inescapable factors in agriculture which require careful management. Farmers face production risks from the weather, crop and livestock performance, and pests and diseases, as well as institutional, personal and business risks. This revised third edition of the popular textbook includes updated chapters on theory and methods and contains a new chapter discussing the state-contingent approach to the analysis of production and the use of copulas to better model stochastic dependency. Aiming to introduce agricultural decision making, probability and risk preference, this book is an indispensable guide for students and researchers of agriculture and agribusiness management.

1. Introduction to Risk in Agriculture
2. Decision Analysis: Outline and Basic Assumptions
3. Probabilities for Decision Analysis
4. More about Probabilities for Decision Analysis
5. Attitudes to Risky Consequences
6. Integrating Beliefs and Preferences for Decision Analysis
7. Decision Analysis with Preferences Unknown
8. The State-Contingent Approach to Decision Analysis
9. Risk and Mathematical Programming Models
10. Decision Analysis with Multiple Objectives
11. Risky Decision Making and Time
12. Strategies Decision Makers Can Use to Manage Risk
13. Risk Considerations in Agricultural Policy Making
14. Selected Software for Decision Analysis

J. Brian Hardaker

J. Brian Hardaker teaches at the University of New England, Australia.

Gudbrand Lien

Gudbrand Lien is a professor in business economics at Inland School of Business and Social Sciences, Inland Norway University of Applied Sciences in Lillehammer (in Norway) and senior researcher within agricultural economics at Norwegian Institute of Bioeconomy Research (NIBIO) at Ås (in Norway). Gudbrand has a PhD in Economics from Norwegian School of Economics (NHH). His main field of research has been within risk analysis/decision analysis, agricultural economics, energy finance, energy economics, forest economics, dynamic pricing and quantitative innovation studies. He has published about 100 articles in high ranked refereed international journals. Gudbrand is also co-author (joint with J. Brian Hardaker, Jock R. Anderson and Ruud B.M. Huirne) of the 2nd and 3rd edition of textbook Coping with Risk in Agriculture, both published at Cabi. Gudbrand has worked closely together with Professor J. Brian Hardaker for more than 20 years, and they have 24 scientific papers together. He has also worked together with Distinguished Professor Subal C. Kumbhakar in the past 15 years and they have written almost 20 scientific papers together. He is a Board Member of Energies since 2019 and European Review of Agricultural Economics from 2022.

Jock R. Anderson

Jock R. Anderson is a consultant in the US.

Ruud B. M. Huirne

Ruud B. M. Huirne teaches at Wageningen University, The Netherlands.