Evaluation of Risk Factors in Agriculture: An Application of the Analytical Hierarchical Process (AHP) Methodology

Risk in the agricultural sector has multiple dimensions or factors and prioritization of these can support decision making. On the other hand, knowing the importance of these risk factors for distinct agricultural activities and how they vary according to geographic zone constitutes relevant informa...

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Autores principales:	Toledo,Roger, Engler,Alejandra, Ahumada,Víctor
Lenguaje:	English
Publicado:	Instituto de Investigaciones Agropecuarias, INIA 2011
Materias:	risk analysis AHP multi-criteria decisions
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-58392011000100014
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spelling	oai:scielo:S0718-583920110001000142018-10-01Evaluation of Risk Factors in Agriculture: An Application of the Analytical Hierarchical Process (AHP) MethodologyToledo,RogerEngler,AlejandraAhumada,Víctor risk analysis AHP multi-criteria decisions Risk in the agricultural sector has multiple dimensions or factors and prioritization of these can support decision making. On the other hand, knowing the importance of these risk factors for distinct agricultural activities and how they vary according to geographic zone constitutes relevant information for agricultural development. The objective of this study was to prioritize risk factors that are highly relevant for farmers in Central South Chile. The multi-criteria Analytical Hierarchical Process (AHP) methodology was used to define a decision structure with four risk factors or criteria: climate, price and direct cost variability, human factor, and commercialization. In general, results obtained showed that there are no important imbalances in the weightings of different risk factors. Price and cost variability was the most important factor (0.30) whereas climate was the least important (0.20). It also confirmed that there are spatial differences in the weightings obtained for the distinct risk factors which determine distinct risk levels for the respective agricultural activities according to geographic region.info:eu-repo/semantics/openAccessInstituto de Investigaciones Agropecuarias, INIAChilean journal of agricultural research v.71 n.1 20112011-03-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-58392011000100014en10.4067/S0718-58392011000100014
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	risk analysis AHP multi-criteria decisions
spellingShingle	risk analysis AHP multi-criteria decisions Toledo,Roger Engler,Alejandra Ahumada,Víctor Evaluation of Risk Factors in Agriculture: An Application of the Analytical Hierarchical Process (AHP) Methodology
description	Risk in the agricultural sector has multiple dimensions or factors and prioritization of these can support decision making. On the other hand, knowing the importance of these risk factors for distinct agricultural activities and how they vary according to geographic zone constitutes relevant information for agricultural development. The objective of this study was to prioritize risk factors that are highly relevant for farmers in Central South Chile. The multi-criteria Analytical Hierarchical Process (AHP) methodology was used to define a decision structure with four risk factors or criteria: climate, price and direct cost variability, human factor, and commercialization. In general, results obtained showed that there are no important imbalances in the weightings of different risk factors. Price and cost variability was the most important factor (0.30) whereas climate was the least important (0.20). It also confirmed that there are spatial differences in the weightings obtained for the distinct risk factors which determine distinct risk levels for the respective agricultural activities according to geographic region.
author	Toledo,Roger Engler,Alejandra Ahumada,Víctor
author_facet	Toledo,Roger Engler,Alejandra Ahumada,Víctor
author_sort	Toledo,Roger
title	Evaluation of Risk Factors in Agriculture: An Application of the Analytical Hierarchical Process (AHP) Methodology
title_short	Evaluation of Risk Factors in Agriculture: An Application of the Analytical Hierarchical Process (AHP) Methodology
title_full	Evaluation of Risk Factors in Agriculture: An Application of the Analytical Hierarchical Process (AHP) Methodology
title_fullStr	Evaluation of Risk Factors in Agriculture: An Application of the Analytical Hierarchical Process (AHP) Methodology
title_full_unstemmed	Evaluation of Risk Factors in Agriculture: An Application of the Analytical Hierarchical Process (AHP) Methodology
title_sort	evaluation of risk factors in agriculture: an application of the analytical hierarchical process (ahp) methodology
publisher	Instituto de Investigaciones Agropecuarias, INIA
publishDate	2011
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-58392011000100014
work_keys_str_mv	AT toledoroger evaluationofriskfactorsinagricultureanapplicationoftheanalyticalhierarchicalprocessahpmethodology AT engleralejandra evaluationofriskfactorsinagricultureanapplicationoftheanalyticalhierarchicalprocessahpmethodology AT ahumadavictor evaluationofriskfactorsinagricultureanapplicationoftheanalyticalhierarchicalprocessahpmethodology
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Evaluation of Risk Factors in Agriculture: An Application of the Analytical Hierarchical Process (AHP) Methodology

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