Agricultural Decision Analysis |
Common terms and phrases
a₁ activity net revenues Agric agricultural alternative appraisal approach approximation assessment assumed assumption attributes Bayes strategy Bernoulli's principle cash flow certainty equivalent Chapter choice conditional consequences constraints cost covariance cumulative curve decision analysis decision maker decision problem decision theory denotes discrete discussed dominance Econ efficient set elicitation equation estimate evaluation example expected profit expected utility farm planning farmer Figure forecast fractile implies indifference investment involving kg/ha linear programming lottery marginal maximization mean and variance method Mgmt multiattribute net present value normal distribution objective function outcomes payoff portfolio possible posterior probabilities preference preferentially independent present value prior probabilities prob probability distribution procedure production project combinations quadratic risk programming random variables relevant risk aversion risky prospect sample Section sequence simulation solution specified stochastic dominance stochastic efficiency stochastic programming subjective probability Table theorem tion uncertainty utility function utility value wheat yield zero