Adjustment for the competitive risk of culling in financial evaluation of health programs

Autor:	C. F. Ramberg, C.R. Curtis, C. Johnstone, David T. Galligan
Rok vydání:	1993
Předmět:	Discounting Actuarial science Food Animals Financial evaluation Animal Culling Survivability Economics Animal Science and Zoology Cash flow Culling Valuation (finance) Time value of money
Zdroj:	Preventive Veterinary Medicine. 16:15-20
ISSN:	0167-5877
DOI:	10.1016/0167-5877(93)90004-d
Popis:	This report is concerned with the valuation of animal-health programs where cost and economic benefits are realized over time. Standard financial valuation formulae are presented to account for the risk-free time value (opportunity value) of future cash flows. These standard formulae are transformed to consider survivability of an investment in the herd environment. The resulting valuation formulae use estimates of the instantaneous culling rate to adjust the discount factor to incorporate risk of investment loss (animal culling). The formulae are simple to implement in the field and require data that are commonly available through most herd-health monitoring programs.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::a347f2772b491938e6c9b42fbae5b42c https://doi.org/10.1016/0167-5877(93)90004-d Zobrazit plný text záznamu