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Email: cbmoss@ufl.edu
Biographical Sketch Full Vitae Short ResumeThe historic difficulties in eliciting utility functions and direct maximization of expected utility originally lead to the development of the mean-variance or of risk programming models. Historically, agricultural economics has focused on mean-variance models to design a crop portfolio. More recent advances include the use of risk programming models to study optimal leverage and other sequential decision processes.
Lecture XII: The Farm Portfolio Problem Part I: The Expected Value-Variance Frontier PDF,PowerPoint,Slides
Anderson, Jock R., John L. Dillon, and J. Brian Hardaker. Agricultural Decision Analysis (Ames, Iowa: Iowa State University Press, 1984) Chapter 7: 189-238. Freund, R. J. "The Introduction of Risk into a Programming Model." Econometrica 24(1956): 253-63. Moss, Charles B., Allen M. Featherstone, and Timothy G. Baker. "Agricultural Assets in an Efficient Multiperiod Portfolio." Agricultural Finance Review 47(1987): 82-94. Musser, Wesley N., Harry P. Mapp, Jr., and Peter J. Barry. "Application I: Risk Programming." in Risk Management in Agriculture Edited by Peter J. Barry (Ames Iowa: Iowa State University Press, 1984): 129-147. Lecture XIII: The Farm Portfolio Problem Part II: MOTAD and Direct Utility Maximization PDF,PowerPoint,Slides Lecture XIV: The Farm Portfolio Problem Part III: Target MOTAD and Discrete Sequential Stochastic Programming PDF,PowerPoint,Slides Kramer, Randall A., William T. McSweeny, and Robert W. Stavros. "Soil Conservation with Uncertain Revenues and Input Supplies." American Journal of Agricultural Economics (1983): 694-702. Misra, Sukant and Stan R. Spurlock. "Incorporating the Impacts of Uncertain Fieldwork Time on Whole-Farm Risk-Return Levels: A Target Motad Approach." Southern Journal of Agricultural Economics (1991): 9-17. Paris, Quirino. "Revenue and Cost Uncertainty, Generalized Mean-Variance, and the Linear Complementarity Problem." American Journal of Agricultural Economics (1979): 268-75. Rae, Allan N. "Stochastic Programming, Utility, and Sequential Decision Problems in Farm Management." American Journal of Agricultural Economics Tauer, Loren W. "Target MOTAD." American Journal of Agricultural Economics (1983): 606-10. Zimet, David J. and Thomas H. Spreen. "A Target MOTAD Analysis of a Crop and Livestock Farm in Jefferson County, Florida." Southern Journal of Agricultural Economics (1986): 175-85. Vandeveer, Lonnie R., Kenneth W. Paxton, and David R. Lavergne. "Irrigation and Potential Diversification Benefits in Humid Climates." Southern Journal of Agricultural Economics (1989): 167-74.Other Materials Center for Applied Optimization Food and Resource Economics Department Institute of Food and Agricultural Sciences (IFAS) UF Web Mail Portal UF Spam Portal University of Florida Libraries Links to E-Journals University of Florida Access Required University of Florida MyUfl JSTOR-Electronic Journal Archive USDA/Economic Research Service Google Search USDA Library at Cornell ISI Web of Knowledge Yahoo AgEcon Search EconWPA Economics Working Paper Links by Washington University
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