METHOD TO ASSESS ECONOMIC RISK APPLIED TO ENVIRONMENTAL CONTROL OPTIONS FOR ANIMAL HOUSING.

Richard S Gates, M. B. Timmons

Research output: Contribution to journalArticlepeer-review

Abstract

The utility of combining a stochastic model for mean daily temperature with a deterministic model to predict animal and building performance is presented. A major effect of the stochastic input is to incorporate random fluctuations such as are encountered during actual building operation that result in varying costs and income, hence net return, from the building. A method is presented to quantify the economic risk associated with different control options for different building life spans. A step by step statistical approach for evaluating the economic risk is demonstrated using data from stochastic simulations in the literature.

Original languageEnglish (US)
Pages (from-to)197-201
Number of pages5
JournalTransactions of the American Society of Agricultural Engineers
Volume31
Issue number1
StatePublished - Jan 1988
Externally publishedYes

ASJC Scopus subject areas

  • Agricultural and Biological Sciences (miscellaneous)

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