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Making Decisions In Turbulent Times: An Analytical Framework And Decision Tools

Author

Listed:
  • Roucan-Kane, Maud
  • Boehlje, Michael
  • Gray, Allan W.
  • Akridge, Jay T.

Abstract

The business climate for the agricultural sector is characterized by increased uncertainty and “unanticipated surprises,” such as new government regulations, new technology and product introductions, mergers and acquisitions, nonperformance by supply chain partners, and changes in interest and exchange rates. This manuscript uses a real case problem to describe a set of tools(such as scenario analysis, risk scorecarding and heat mapping, payoff matrices, decision trees, and options portfolio mapping) available to use for making strategic decisions in such a business climate.

Suggested Citation

  • Roucan-Kane, Maud & Boehlje, Michael & Gray, Allan W. & Akridge, Jay T., 2010. "Making Decisions In Turbulent Times: An Analytical Framework And Decision Tools," Working papers 98052, Purdue University, Department of Agricultural Economics.
    • Handle: RePEc:ags:puaewp:98052
    DOI: 10.22004/ag.econ.98052
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    File URL: https://ageconsearch.umn.edu/record/98052/files/10-9.pdf
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    References listed on IDEAS

    as
    1. Detre, Joshua D. & Briggeman, Brian C. & Boehlje, Michael & Gray, Allan W., 2006. "Scorecarding and Heat Mapping: Tools and Concepts for Assessing Strategic Uncertainty," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 9(1), pages 1-22.
    2. Boehlje, Michael & Gray, Allan W. & Detre, Joshua D., 2005. "Strategy Development in a Turbulent Business Climate: Concepts and Methods," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 8(2), pages 1-20.
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    Cited by:

    1. Elizabeth A. Yeager & Sarah A. Stutzman, 2014. "Deer Creek Farms: Tradition into the Future," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 96(2), pages 598-605.
    2. Boehlje, Michael & Roucan-Kane, Maud & Broring, Stefanie, 2011. "Future Agribusiness Challenges: Strategic Uncertainty, Innovation and Structural Change," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 14(5), pages 1-29, December.

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    Keywords

    Agribusiness;

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