A decision support tool based on a portfolio selection model for crop planning under risk

Abstract

In this paper is presented a decision support tool for crop planning under risk. The software tool is based on a portfolio selection model for crop planning. The portfolio selection model is a minimum financial risk model. It takes into account climate risk and market risk. The decision variable describes the land allocation to crops. The model was solved with the MINLP solver from GAMS. The decision support tool has an interface that facilitates the construction of the input data collection and the user parameters. It gives a flexible way of working and is mainly user oriented. Numerical results obtained with this Decision Support tool are analyzed.