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Chinese Family Farm Business Risk Assessment Using a Hierarchical Hesitant Fuzzy Linguistic Model

Author

Listed:
  • Yu Mou

    (Business School, Sichuan University, Chengdu 610065, China)

  • Xiaofeng Li

    (Business School, Sichuan University, Chengdu 610065, China)

Abstract

Chinese family farms are continuously expanding; they are also facing various business risks that lead to a shorter lifespan. This paper constructed a family farm business risk assessment model that combined a hesitant fuzzy linguistic term sets (HFLTS) model with a hesitant fuzzy weighted average (HFWA) operator. On the basis of the factor analysis, this study built a family farm indicator system that included the natural, technical, market, policy, society, and management risk. The HFLTS was used for the assessment of weights in pairwise comparison matrices, and the HFWA operator was used as an aggregation operator to calculate the business risk score of family farms. For our case study, a method comparison analysis was also performed to check the validity of the results obtained by our risk assessment model.

Suggested Citation

  • Yu Mou & Xiaofeng Li, 2024. "Chinese Family Farm Business Risk Assessment Using a Hierarchical Hesitant Fuzzy Linguistic Model," Mathematics, MDPI, vol. 12(14), pages 1-14, July.
    • Handle: RePEc:gam:jmathe:v:12:y:2024:i:14:p:2216-:d:1435799
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    References listed on IDEAS

    as
    1. Holger Görg & Marina-Eliza Spaliara, 2014. "Financial Health, Exports and Firm Survival: Evidence from UK and French Firms," Economica, London School of Economics and Political Science, vol. 81(323), pages 419-444, July.
    2. Duden, Christoph & Offermann, Frank, 2020. "Income Risk of German Farms and its Drivers," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 69(2), May.
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