On optimal replacement of farm tractors

DW Reid, GL Bradford - American Journal of Agricultural Economics, 1983 - JSTOR
Two important parameters influencing replacement of farm tractors are (a) the tractor's remaining
(terminal) market value and (b) income tax incentives. Peacock and Brake were among …

[HTML][HTML] A comparison of patient-controlled analgesia fentanyl and alfentanil for labour analgesia

PK Morley-Forster, DW Reid… - Canadian journal of …, 2000 - Springer
Purpose: To determine the analgesic efficacy of equipotent doses of PCA (patient-controlled
analgesia) fentanyl and PCA alfentanil for labour pain. Methods: Twenty three, ASA I–II …

A farm firm model of machinery investment decisions

DW Reid, GL Bradford - American Journal of Agricultural …, 1987 - Wiley Online Library
This article presents a multiperiod mixed integer programming (MMIP) model of optimal
machinery decisions. Infinite horizon valuation models of replacement and other investment …

Mean-variance versus direct utility maximization: A comment

DW Reid, BV Tew - The Journal of Finance, 1986 - JSTOR
Subsequently, Pulley [4] demonstrates that IKLM is not invariant to the value of ENU, although
it is invariant to linear transformations of the utility function. Pulley suggests that utility …

The value of a blank check

HM Markowitz, DW Reid… - Journal of Portfolio …, 1994 - search.proquest.com
Extensive research on the ability of a carefully selected mean-variance efficient portfolio to
give almost maximum expected utility shows that, generally, this ability falls as relative risk …

The Opportunity Cost of a Mean‐Variance Efficient Choice

BV Tew, DW Reid, CA Witt - Financial Review, 1991 - Wiley Online Library
The mean‐variance criterion is one of the most frequently used methods for selecting investment
portfolios. Yet, because it is an approximation of an investor's maximum expected utility …

Consideration of investment tax credit in a multiperiod mathematical programming model of farm growth

DW Reid, WN Musser, NR Martin - American Journal of Agricultural …, 1980 - JSTOR
Marginal federal income tax rates on farm firms have been increasing due to higher taxable
incomes from increasing farm size, increasing off-farm in-come of farm families, and inflation. …

Rational mean-variance decisions for subsistence farmers

BV Tew, DW Reid, GT Rafsnider - Management science, 1992 - pubsonline.informs.org
This paper explores the issue of approximating expected utility in applying portfolio theory. It
has been demonstrated that expected utility is very closely approximated by an appropriate …

Probability distributions of crop prices, yields, and gross revenue

BV Tew, DW Reid - … Journal of Agricultural and Resource Economics, 1988 - cambridge.org
This study shows that the price-yield correlation is a major influence in determining the
skewness of revenue. Therefore, normality for revenue may not be rejected even if the price and/…

More evidence on expected value‐variance analysis versus direct utility maximization

BV Tew, DW Reid - Journal of Financial Research, 1987 - Wiley Online Library
The theoretical difficulties of the expected value‐variance (E‐V) criterion are well known. A
number of recent research efforts test the criterion's effectiveness in a publicly traded …