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- Rolfe, John, et al. Show all 2 Author
- Land use policy 2016 v.54 pp. 508-521
- cognition; decision making; econometric models; economic analysis; farming systems; farms; grazing; grazing lands; grazing management; land management; managers; rangelands; risk; uncertainty
- ... Modern farming is characterised by complexity, dynamics, and in many cases, heterogeneity in farming methods. Increasing use of dynamic investment theories, such as the Real Options Analysis method, allow integration of dynamic aspects but retain untenable assumptions in the face of widely acknowledged complexity and uncertainty in management of grazing systems. Relaxation of the requirement for r ...