Abstract
The subject addresses the application of financial business management, economic and risk management principles to decision making in agribusiness and agricultural systems. Major areas of study include: agribusiness management and decision making principles; managing risk and decision making under uncertainty; historical and projected agribusiness productivity and financial analysis; benchmarking & … For more content click the Read More button below.
Syllabus
Agribusiness system performance analysisComparative analysis and an introduction to productivity and efficiency analysisAgribusiness decision making and risk managementActivity and innovation analysis, and agribusiness activity optimisationCapital Investment AppraisalModelling and measuring risk using qualitative and quantitative techniquesAnalysing and accounting for risk in decision analysis
Learning outcomes
Upon successful completion of this subject, students should:
1.
be able to demonstrate how to develop and apply basic principles of management and decision making in relation to agribusiness
2.
be able to demonstrate how to develop and apply principles of historical and projected performance analysis for agribusinesses
3.
be able to carry out benchmarking and best practice analysis of individual agribusiness and understand industry expectations, including the consideration of environmental assets and agribusiness sustainability
4.
be able to demonstrate how to carry out formal procedures of capital investment appraisal in agriculture and be able to interpret the answers of these analyses;
5.
be able to identify the sources of risk to an agribusiness and their management implications
6.
be able to define risk, differentiate between risk and uncertainty, and explain and detail the key variables influencing risk
7.
be able to understand and examine the roles of qualitative and quantitative analysis in risk management
8.
be able to apply techniques for the assessment of risk and develop strategies to enhance decision making under uncertainty