Bibliography

 

  1. AAEA , 2000, “Commodity Costs and Returns Estimation Guide”,  Feb 1, Iowa, http://waterhome.brc.tamus.edu/care/Aaea/
  2. Asian Development Bank, 2003, “Guidelines for the economic analysis of projects”, http://www.adb.org/dodcuments/Eco-analysis
  3. Bierman H., Smidt S., 1993, “The Capital Budgeting Decision; Economic Analysis of Investment Projects”, eighth edition, Mc Millan.
  4. Colin Drury, 1994, “Costing”, third edition, Chapman & Hall.
  5. Cissell R., Cissell H., Flaspohler D.C., 1986, “Mathematics of Finance”, Seventh Edition, Houghton Mifflin.
  6. Dickerson B., Campsey BJ, Bringham E., 1995, “Introduction to Financial Management”, Dryden.
  7. Economic Research Studies - USDA (ERS), Production cost of various agric. products – http://www.ers.usda.gov
  8. Giroux G, 2003,  Financial Analysis, John Wiley, ISBN: 0-471-22990-3, http://www.wiley.com/college/giroux
  9. Gittinger Price, 2000, “Economic Evaluation of Agricultural Projects”, World Bank (1984) and in the Internet
  10. Lumby S. and Jones C., 1999, “Investment Appraisal and Financial Decisions”, Sixth Edition, Thomson Learning
  11. Walsh C., 1998, “Key Financial Ratios”, Financial Times.
  12. Needles B.E., Crosson S.V., 2002, “Managerial Accounting”, Houghton Mifflin, ISBN 0-618-10230-2, http://college.hmco.com/students.
  13. White G I, Sondi A C, Fried D, (2003), The Analysis and Use of Financial Statements, Third Edition, John Wiley, ISBN 0-471-37594-2, http://www.wiley.com/college/white

  14. Williams J R, Haka S F, Bettner M S, Meigs R F, (2002), Financial & Managerial Accounting, Twelfth Edition, McGraw-Hill, ISBN 0-07-239688-1, http://www.mhhe.com/catalogs/0072839961.mhtml

     

 

 

 

 

 

NOTES

References in bold describe in detail the methodology adopted in Bee..

Deviations from standard methodological custom are clearly marked and justified in the text.

 


 

[1] Nominal interest rates should not be confused with Jm which is the nominal interest rate of frequency m, i.e. the 1/m of the year interest rate multiplied by m.                                                         

 

[2]   see Cissell and Cissell, 1984.

 

[3] Year zero is an unspecified period which ends at the beginning of the first year (or year 1), which is the first year of significant yield. I.e. year zero covers the whole of the period during which the newly planted crop (or orchard) is still growing and its yield is insignificant, (pre-productive period). For biomass plants this is usually one year or even less. If however the pre-productive period is more than one year, all establishment costs should be compounded to the beginning of period 1.

There is a possibility of planting and harvesting in the same calendar year. For example planting in March and harvesting in November. In this case the user should assume that planting takes place in year 0, i.e. a few months earlier than actual, with no need for compounding or discounting, since the time difference is only a few months.

Handling the cost establishment in this way is necessary because the model assumes that initial investment in crop establishment is equal to the cost of all operations plus cost of land plus allocation of overheads in year zero.

 

[4]    see Cissell and Cissell, 1984.