Description
| Abstract: | This study involves the development of a simulation model for the analysis of possible investment alternatives. The model is written in Fortran programming language and employs the net present value method of analysis. A unique feature of this model is its ability to incorporate the farmer's attitude toward risk into the analysis. This simulation model enables interested farmers to analyze a potential investment under varying production and marketing conditions as well as under variations in their attitude toward risk. Alternative simulations of the model reflecting different risk-attitudes reveal that behavior towards risk does have a definite impact on the feasibility of a risky investment. This impact indicated by the decreasing net present value noted as the level of risk-aversion increases. |
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| Item Description: | Undergraduate thesis written for Program year: 1983-1984 |
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| Physical Description: | 1 online resource (68 pages).
Digitized from print version held at Pickle Center High Density Storage, HDR barcode A14851268145 |
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