TEACHING DECISION MAKING UNDER RISK AND UNCERTAINTY TO FARMERS

A manager's central role is making choices among uncertain outcomes. A teaching approach is reported which uses decision trees and portable computer terminals to help managers analyze the component parts of a decision; clarify the risk involved in each action; and help to analyze that risk in a systematic, understandable manner. The analysis-whether or not to graze stocker cattle on wheat~embodies production and marketing risk for both cattle and wheat.


Issue Date:
1977-07
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/283667
Language:
English
Total Pages:
17




 Record created 2019-02-13, last modified 2020-10-28

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