Course: Life-cycle Sustainability Assessment and Risk Management in the Bioeconomy (4101-432)

Persons:

• apl ProfDr Christian Lippert (verantwortlich)
• Prof. Dr. Iris Lewandowski (verantwortlich)

Type of Course:

lecture with exercise

In-Class Hours Per Week:

2

Contents:

In the LCSA part of this semi-module, students will be introduced to the most common tools in LCSA, including Life-cycle Assessment (LCA), Life-cycle Costing (LCC) and Social Impact Assessment. By the examples of biobased value chains the performance of LCSA as well as its strategic relevance for business will be demonstrated.

In the Risk Management part, first definitions of risk and uncertainty, ways to assess farmers’ risk attitudes and concepts for decision making under risk are presented. Second, major types and causes of risk in modern agriculture are analyzed together with available risk reducing instruments at farm level. Finally, an introduction to stochastic risk analysis is given. The contents presented are illustrated by in class Excel exercises.

Literature:

Up to date literature will be introduced in the lecture.

Location:

Hohenheim

Module:

• 4101-430 Farm Economics and Strategic Management in the Bioeconomy (compulsory)

eLearning:

Course in ILIAS