文章基本信息

标题：Investigating the agricultural losses due to climate variability: An application of conditional value-at-risk approach
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作者：Sukono Sukono ; Riaman Riaman ; Sudradjat Supian 等
期刊名称：Decision Science Letters
印刷版ISSN：1929-5804
电子版ISSN：1929-5812
出版年度：2021
卷号：10
期号：1
页码：71-78
DOI：10.5267/j.dsl.2020.10.002
语种：English
出版社：Growing Science Publishing Company
摘要：The agricultural sector is directly affected by climate variables. The presence of climate variability causes a considerable risk to agricultural productivities. Thus, risk management is an alternative to reduce risks, including optimizing the allocation of farmland and choosing crop insurance for a specific planting date. The purpose of this study is to investigate the agricultural risk management through risk measure of climate variability using the Conditional Value-at-Risk (CVaR) in rice production. This paper investigated several possible considerations of agricultural insurance premiums based on losses climate index. We concluded that the climate index insurance policy is the best choice that farmers can choose for each planting date, the higher the significance value considered, the more the value of Value-at-Risk and Conditional Value-at-Risk.
关键词：Allocation of agricultural land; Climate variable; Crop insurance; Optimization; Risk measure; Optimal Decision