Quantitative Methods in Agricultural Business Economics
Mandatory module: M.Sc. Agricultural Economics
Lecturers: Odening / Filler / Hüttel
Time
Lectures: Tuesday 08 – 10 a.m., room 2.01, Philippstr. 13, House 12
Exercise: Tuesday 10 – 12 a.m., PC Pool, Room A, Philippstr. 13, House 12
Please register for this lecture at Moodle.
In the course "Quantitative Methods in the Agricultural Business Economics" you will find details for the exercises.
Winter term
| No. | Lectures | Exercises |
|---|---|---|
| 1. | Introduction / Overview | |
| 2. | Investment 1: Investment criteria | Mathematics of Finance |
| 3. | Investment 2: Taxes and inflation | Investment 1: Investment criteria |
| 4. | Investment 3: Replacement problems | Investment 2: Cost calculation |
| 5. | Investment 4: Risk / decision theory | Investment 3: Case study |
| 6. | Investment 5: Risk / game theory | Investment 4: Financing |
| 7. | Investment 6: Business Plans | Investment 5: Replacement problems |
| 8. | Linear programming (LP) 1: Solution and interpretation of results | Investment 6: Stochastic simulation with @Risk |
| 9. | LP 2: Duality, sensitivity analysis, parametric programming | LP 1: Solution and interpretation of results |
| 10. | LP 3: Model specification, integer programming, non-linearity | LP 2: Sensitivity analysis, Parametric programming |
| 11. | LP 4: Risk (MOTAD, CCP) | LP 3: Case study |
| 12. | LP 5: MLP, multi-goal decision-making | LP 4: Minimisation problems |
| 13. | Network planning | LP 5: Riskprogramming, complex model specifications |
| 14. | Efficiency Analysis (DEA) | Network planning with MS Project |
| 15. | Project presentation | Data Envelopement Analysis (DEA) |
| 16. | Project presentation | DEA cont. |
References
- BOEHLJE, M.O.; EIDMANN, V.R. (1984): Farm Management.
- COELLI, T.; D.S. PRASADA RAO AND G.E. BATTESE (1998): An Introduction to Efficiency and Productivity Analysis.
- DENT, J.B.; HARRISON, S.R.; WOODFORD, K.B. (1986): Farm Planning with Linear Programming: Concept and Practice.
- HARDAKER; J. B., HUIRNE, R.B.M., ANDERSON, J.R. (1997): Coping with Risk in Agriculture.
- HAZELL, P.B.R.; NORTON, R.D. (1986): Mathematical Programming for Economic Analysis in Agriculture.
- HILLIER, F.J.; LIEBERMANN, G.J. (1986): Introduction to Operations Research.
- INTRILLIGATOR, M.D. (1971): Mathematical Optimization and Economic theory.
- KAY, R.D.; EDWARDS, W.M. (1994): Farm Management.
- LAPIN, L.L. (1994): Quantitative Methods for business Decisions.
- LUMBY, S.; JONES, CH. (1999): Investment Appraisal & Financial Decisions.
- OLSON, K.D. (2004): Farm Management: Priciples and Strategies.
- ROBISON, LINDON; J. BARRY; PETER. J. (1996): Present value models and investment analysis.
- ROMERO, C.; REHMAN, T. (1986): Multiple Criteria Analysis for Agricultural Decision. Amsterdam.
- THOMSON, G.; THORE, S. (1992): Computational Economics - Economic Modeling With Optimization Software.
