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A Case Study Of Timeliness In The Selection Of Risk-Efficient Machinery Complements

Listed author(s):
  • Wetzstein, Michael E.
  • Musser, Wesley N.
  • McClendon, Ronald W.
  • Edwards, David M.

The importance of timeliness is investigated in the selection of machinery complements for double-crop wheat and soybean production in the southeastern coastal plain. An intertemporal stochastic simulation model was developed to generate probability distributions that were evaluated with stochastic dominance analysis. This research investigated the importance of intertemporal production linkages and adequate soil moisture on machinery selection. Failure to include these dimensions can result in erroneous machinery choices.

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Article provided by Southern Agricultural Economics Association in its journal Southern Journal of Agricultural Economics.

Volume (Year): 22 (1990)
Issue (Month): 02 (December)

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Handle: RePEc:ags:sojoae:29998
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  1. Musser, Wesley N. & McCarl, Bruce A. & Smith, G. Scott, 1986. "An Investigation of the Relationship Between Constraint Omission and Risk Aversion in Firm Risk Programming Models," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(02), pages 147-154, December.
  2. Lars Brink & Bruce McCari, 1979. "The Adequacy of a Crop Planning Model for Determining Income, Income Change, and Crop Mix," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 27(3), pages 13-25, November.
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