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An MCDM analysis of agricultural risk aversion

Article Abstract:

A methodology based on multiple criteria mathematical programming is developed for obtaining relative and absolute risk aversion coefficients. The results reveal a wide variety of attitudes to risk among farmers, who usually exhibit decreasing absolute risk aversion and constant relative risk aversion.

Author: Gomez-Limon, Jose A., Ariaza, Manuel, Riesgo, Laura
Publisher: Elsevier B.V.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 2003
Venture Analysis, Multiple criteria decision making, Analysis, Risk assessment, Utility theory, Utility functions

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Redistribution of university budgets with respect to the status quo

Article Abstract:

Four models are developed for rationalizing the budget accounting with respect to the status quo and their quadratic versions. The budget accounting is performed with general techniques for fitting objective functions and the results obtained are presented.

Publisher: Elsevier B.V.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 2004
Public Finance Activities, Budget Process, Financial Systems & Controls, Financial Management, Models, Evaluation, Budget, Budgeting

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Subjects list: Methods, Optimization theory, Mathematical programming
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