Premium
Soil Conservation Management Systems Under Uncertainty
Author(s) -
Setia Parveen P.,
Johnson Gary V.
Publication year - 1988
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.1093/aepp/10.1.111
Subject(s) - soil conservation , maximization , selection (genetic algorithm) , environmental resource management , control (management) , risk analysis (engineering) , computer science , business , environmental science , economics , geography , microeconomics , archaeology , artificial intelligence , agriculture
Abstract Success of a soil conservation program depends on the number of acres on which recommended practices are implemented. If risk considerations are introduced in formulating plans to control soil loss, whether individuals will implement the desired management system(s) to achieve conservation objectives established for the region is an unclear factor. This paper illustrates how expected utility maximization and safety‐first decision criteria influence the selection of a soil conservation management system under uncertainty.