Value of Information on Crop Response Function to Soil Salinity in a Farm-Level Optimization Model, The
The study investigates the value of additional information on the response function to soil salinity of a given crop (potatoes), with regard to a stochastic long-run optimization model for utilization of saline water to a single farm framework. The analysis provides a conceptual and methodological framework for investigating the expected value of sample information (DVSI), as well as an efficient tool for empirical application. Although a few approximations have been used, the results provide an estimate of EVSI and indicate the need for additional information.
|Date of creation:||May 1991|
|Contact details of provider:|| Postal: 578 Heady Hall, Ames, Iowa 50011-1070|
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