Sensitivity of Efficient Frontiers Developed for Farm Enterprise Choice Decisions

摘要: An efficient frontier provides information concerning the tradeoff between risk and return in farm enterprise choice decisions. If mean-variance analysis is used, sense that it represents a series of combinations, each combination having minimum (variance returns) for specified level return. Anderson, Dillon, Hardaker provide discussion different types frontiers methods deriving them. Development particularly helpful when among enterprises varies substantially (Schurle Erven). However, do not about nearoptimal combinations. According to Heady Candler optimum solutions linear programming need be other criteria. Since farmer's utility functions cannot completely terms returns, decision makers researchers should interested