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Describing and Determining the Complete Set of Target MOTAD Solutions

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  • McCamley, Francis
  • Kliebenstein, James B.

Abstract

Tauer's Target MOTAD model can be used to compute stochastically efficient mixtures of risky alternatives. This paper suggests a way of describing the complete set of Target MOTAD solutions. It also presents an efficient method for determining the set of solutions. Hazell's example is used to illustrate these ideas.

Suggested Citation

  • McCamley, Francis & Kliebenstein, James B., 1984. "Describing and Determining the Complete Set of Target MOTAD Solutions," 1984 Annual Meeting, August 5-8, Ithaca, New York 278966, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea84:278966
    DOI: 10.22004/ag.econ.278966
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    File URL: https://ageconsearch.umn.edu/record/278966/files/aaea-1984-042.pdf
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    References listed on IDEAS

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    1. P. B. R. Hazell, 1971. "A Linear Alternative to Quadratic and Semivariance Programming for Farm Planning under Uncertainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(1), pages 53-62.
    2. P. B. R. Hazell, 1971. "A Linear Alternative to Quadratic and Semivariance Programming for Farm Planning under Uncertainty: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(4), pages 664-665.
    3. Anderson, Jock R. & Dillon, John L. & Hardaker, Brian, 1977. "Agricultural Decision Analysis," Monographs: Applied Economics, AgEcon Search, number 288652, July.
    4. Dybvig, Philip H & Ross, Stephen A, 1982. "Portfolio Efficient Sets," Econometrica, Econometric Society, vol. 50(6), pages 1525-1546, November.
    5. McCamley, Francis P. & Kliebenstein, James B., 1984. "An alternative method for computing stochastically efficient mixtures of risky alternatives," WAEA/ WFEA Conference Archive (1929-1995) 291710, Western Agricultural Economics Association.
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    Cited by:

    1. Boisvert, Richard N., 1985. "The Role Of Alternative Risk Programming Models In Empirical Research," Regional Research Projects > 1985: S-180 Annual Meeting, March 24-27, 1985, Charleston, South Carolina 271793, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.

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    Agribusiness; Agricultural Finance;

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