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A Distribution Based Approach To Decision Risk Analysis

Author

Listed:
  • Ikerd, John E.
  • Anderson, Kim B.

Abstract

Risk management is the key to profitable decision making. Effective risk management requires integration of production, market, and financial • risks in the decision making process. Simplicity and accuracy were the primary criteria used in selecting an approach to risk analysis for use in a wide variety of decision oriented educational programs.

Suggested Citation

  • Ikerd, John E. & Anderson, Kim B., 1986. "A Distribution Based Approach To Decision Risk Analysis," 1986 Annual Meeting, July 27-30, Reno, Nevada 278147, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea86:278147
    DOI: 10.22004/ag.econ.278147
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    References listed on IDEAS

    as
    1. Anderson, Kim B. & Ikerd, John E., 1985. "Whole Farm Risk-Rating Microcomputer Model," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(01), pages 1-5, July.
    2. Bullock, J. Bruce, 1985. "Price Risk Management: Are Futures Markets Adequate?," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 3(01), pages 1-4, February.
    3. Jack C. Hayya & William L. Ferrara, 1972. "On Normal Approximations of the Frequency Functions of Standard Forms Where the Main Variables are Normally Distributed," Management Science, INFORMS, vol. 19(2), pages 173-186, October.
    4. Anderson, Kim B. & Ikerd, John E., 1985. "Whole Farm Risk-Rating Microcomputer Model," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 17(1), pages 183-187, July.
    5. Stephen C. Gabriel & C. B. Baker, 1980. "Concepts of Business and Financial Risk," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(3), pages 560-564.
    6. Anne E. Peck, 1975. "Hedging and Income Stability: Concepts, Implications, and an Example," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(3), pages 410-419.
    Full references (including those not matched with items on IDEAS)

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