An extension of the Guerrero et al. (2010) net present value (NPV) analysis using real options analysis (ROA) is offered to improve machinery replacement decisions. Specifically, the feasibilities of replacing natural gas irrigation systems with either electric or hybrid (electric/wind) systems...

Selected papers, posters, and organized symposia abstracts are posted at: Papers: http://www.saea.org/meetings/2013/ab_papers.pdf Posters: http://www.saea.org/meetings/2013/ab_posters.pdf Symposium: http://www.saea.org/meetings/2013/ab_symp.pdf For citation purposes: Authors....