Year 2019, Volume 4, Issue 2
| Year : | 2019 |
| Volume : | 4 |
| Issue : | 2 |
| Authors : | Andrea MARKOS |
| Title : | MODELLING ON-FARM DIVERSIFICATION THROUGH PORTFOLIO OPTIMIZATION AND GOAL PROGRAMMING. A CASE STUDY FROM BOLIVIA |
| Abstract : | Modern Portfolio Theory provides a theoretical framework for agricultural risk reduction. Powerful yet accessible tools have been developed to optimize scarce capital/labor allocation to increase returns and reduce correlated risks via diversification. Such tools are used to assess rural livelihood diversification induced by an incentive-based program for watershed conservation piloted between 2003 and 2011 in a context of rural poverty in Bolivia. The tools assembled and tested in this study may provide low-cost diagnostics to improve implementers’ understanding of risks and returns in a specific rural context. Comparing alternative portfolio frontiers may represent a useful and transformative tool to understand socio-ecological systems such as watersheds, facilitating regime shifts that benefit ecosystem services and livelihoods. |
| For citation : | Markos, A. (2019). Modelling on-farm diversification through portfolio optimization and goal programming: a case study from Bolivia. AGROFOR International Journal, Volume 4, Issue No. 2, pp. 109-119. DOI:10.7251/AGRENG1902108M |
| Keywords : | Socio-Ecological Resilience, Modern Portfolio Theory, Goal Programming |
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ISSN 2490-3434 (Printed)
ISSN 2490-3442 (Online)
ISSN 2490-3442 (Online)
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