Robert A. Collins1, Peter J. Barry2
1Department of Agricultural Economics and Rural Sociology,University of Arkansas
2Dept of Agricultural Economics, University of Illinois
Tóm tắt
AbstractSharpe's 1963 single‐index portfolio model, the separation theorem, and a solution method suggested by Elton, Gruber, and Padberg are adapted in this paper to the farm diversification problem. The objectives are to develop risk measures, based on single‐index parameters and computationally simple methods for farm risk planning, that are suitable for microcomputers and modern hand‐held calculators. The intent is to produce a normative model with possible extension applications.
