Management strategies for Indonesian rubber production under yield and price uncertainty: a bioeconomic analysis

Title
Management strategies for Indonesian rubber production under yield and price uncertainty: a bioeconomic analysis
Publication Date
2002
Author(s)
Purnamasari, R
Cacho, Oscar Jose
( author )
OrcID: https://orcid.org/0000-0002-1542-4442
Email: ocacho@une.edu.au
UNE Id une-id:ocacho
Simmons, Phillip Ray
Type of document
Journal Article
Language
en
Entity Type
Publication
Publisher
Kluwer Academic Publishers
Place of publication
Amsterdam, Netherlands
DOI
10.1023/A:1015080728895
UNE publication id
une:4013
Abstract
A simplified version of the BEAM Rubber Agroforestry Model is embedded in a dynamic economic model to examine the impact of uncertainty about prices and climate on decision variables. Solutions, in terms of optimal levels for decision variables are found using a Monte Carlo stochastic framework. These solutions were used to derive risk-efficient frontiers corresponding to different levels of the decision variables. The results underline the importance of including uncertainty in dynamic bioeconomic systems since profits under uncertainty turned out to be quite different from those obtained with prices and climate assumed to be constant.
Link
Citation
Agroforestry Systems, 54(2), p. 121-135
ISSN
1572-9680
0167-4366
Start page
121
End page
135

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