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Keywords: Automatic milking system
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Journal Articles
Optimal investment in an automatic milking system: an application of real options
Available to Purchase
Journal:
Agricultural Finance Review
Agricultural Finance Review (2003) 63 (1): 75–92.
Published: 05 May 2003
...Jeffrey Hyde; Jeffrey R. Stokes; Phoebe D. Engel Automatic milking systems (AMSs) are a relatively new technology characterized by uncertainty and irreversibility. The choice to invest in such a system is analyzed in a real options framework. Alternative financing arrangements, depreciation methods...
