Risk representation for land sector simulation and optimisation models

Date

Time

9:00am - 12:00pm (ACST)

Venue

Online via Zoom and In person at Jeffrey Smart Building, UniSA City West campus

Speakers

Oscar Cacho, Emeritus Professor of Agricultural Economics, UNE Business School

Jeff Connor, Professor of Water Economics, UniSA Business School

Description

Masterclass: Risk representation for land sector simulation and optimisation models

When:
Thursday May 5 2022, 9:00am -12:00pm

Where:
Jeffrey Smart Building (small capacity but possible for the very keen) and via Zoom

Cost:
This is free for members

Who will benefit most:

The workshop is a part of training for participants in the 2020 Australian Research Council Grant Innovation in agricultural sector Greenhouse Gas abatement in NSW - led by Prof Jeff Connor

The goal is to develop a land sector greenhouse gas abatement, food production and environmental economics model for NSW. The aim is to identify innovation in carbon payment policy and brokerage business models to achieve agricultural GHG abatement, while improving sustainability. The team will evaluate the innovations of expert landholders, related businesses and governments to find ways to influence land use decisions. Benefits to flow to landholders, governments involved in land management and the public include increased productivity, profitability, biodiversity and ecosystem health in the context of future climate, agricultural commodity and carbon market uncertainties.   Industry partner: NSW Department of Primary Industries  

The workshop could be beneficial to researchers who are working with risk from climate and markets in a range of industries and disciplines may benefit. The presentation will assume familiarity with basics of linear programming, stats and some familiarity with agricultural, climate and environmental economics.

Coverage

Simulation

Risk return frontier methods – Oscar Cacho

Reference article: Behrendt, Cach et al. , 2013 Simulating the impact of fertiliser strategies and prices on the economics of developing and managing the Cicerone Project farmlets under climatic uncertainty, Animal Production Science 53(8) 806-81

Monte Carlo and Markov chain methods – Jeff Connor

Reference article: Gao L, Connor JD, Dillon P. The economics of groundwater replenishment for reliable urban water supply. Water. 2014 Jun;6(6):1662-70.

Optimisation

Danzig two-stage modelling of climate risk – Jeff Connor

Reference article: Connor et al., (2012) Irrigated agriculture and climate change: The influence of water supply variability and salinity on adaptation, Ecological Economics, Volume 77.

TBA – Oscar Cacho

To register or to find out more about this event, please contact Jeff Connor.