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A MOTAD Approach to Risk Management Strategies for Vegetable Producers in Malaysia

Mohamed, Zainal Abidin and Baharumshah, Ahmad Zubaidi (1991) A MOTAD Approach to Risk Management Strategies for Vegetable Producers in Malaysia. Pertanika, 14 (3). pp. 393-400.

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Abstract

Most farm decisions are made under conditions of risk and uncertainty. In the last two decades, researchers in the agricultural economics discipline have increased their research efforts in finding convenient methods of incorporatingrisk 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 how the model can be used by managers to improve farm plans.

Item Type:Article
Keyword:MOTAD Approach, risk management strategies, vegetable producers, Malaysia.
Faculty or Institute:Faculty of Economics and Management
ID Code:2829
Deposited By: Nur Izzati Mohd Zaki
Deposited On:18 Nov 2009 12:06
Last Modified:27 May 2013 15:03

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