A MOTAD Minimization of Total Absolute Deviation approach to risk management strategies for vegetable producers in Malaysia

Zainal Abidin Mohamed, . and Ahmad Zubaidi Baharumshah, . A MOTAD Minimization of Total Absolute Deviation approach to risk management strategies for vegetable producers in Malaysia. pp. 393-400. ISSN 0126-6128

Most farm decisions are made under conditions of risk and uncertainty. In the last two decades researches in the agricultural economics discipline have increased their research efforts in finding convenient methods of incorporating risk directly in farm decision making models. MOTAD (Minimization of Total Absolute Deviation) developed by Hazell is an important result of these efforts and it has become a common method of incorporating risk in farm analysis. In this paper the MOTAD model is discussed and an empirical example is provided to show the model can be used by managers to improve farm plans.

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Abstract

Most farm decisions are made under conditions of risk and uncertainty. In the last two decades researches in the agricultural economics discipline have increased their research efforts in finding convenient methods of incorporating risk directly in farm decision making models. MOTAD (Minimization of Total Absolute Deviation) developed by Hazell is an important result of these efforts and it has become a common method of incorporating risk in farm analysis. In this paper the MOTAD model is discussed and an empirical example is provided to show the model can be used by managers to improve farm plans.

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Item Type:	Article
Additional Information:	1 ill. 4 tables; 15 ref. Summaries (En Ms)
AGROVOC Term:	MALASIA
AGROVOC Term:	MANEJO DE FINCAS
AGROVOC Term:	RIESGO
AGROVOC Term:	CULTIVO DE HORTALIZAS
Depositing User:	Ms. Norfaezah Khomsan
Last Modified:	24 Apr 2025 05:56
URI:	http://webagris.upm.edu.my/id/eprint/20447

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