Uncertainty and investment in precision agriculture - Is it worth the money?
Irreversibility and uncertainty render the standard capital budgeting techniques such as net present value (NPV) analysis insufficient as a decision criterion. The standard NPV underestimates the value of the investment by not including the value of waiting for new information to reduce the uncerta...
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| Format: | Conference Paper |
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International Conference on Precision Agriculture ICPA
2008
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| Online Access: | http://hdl.handle.net/20.500.11937/47737 |